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New13 hours ago

2604 - 50 UPPER MALL Way

Brownridge, Vaughan

$520,000

Condo Apartment |
1 + 1 | 1 | 1 | 0
About this home

A fantastic opportunity for investors and end-users alike at Promenade Park Towers, in the heart of Thornhill at Bathurst & Centre. This bright, west-facing 1-bedroom + den, 1-bathroom suite offers 615 sq ft of interior living space plus a 100 sq ft balcony - perfect for enjoying afternoon sun and sunset views. The functional layout features a large bathroom, a large walk-in closet, and a den that works beautifully as a home office or guest space. Currently tenanted at $2,360 per month, and the tenant wishes to stay - an excellent, worry-free tenant who has never missed a payment, keeps the unit very clean, and has no pets. The tenant also pays their own electricity and Wi-Fi. Residents enjoy an excellent amenity package including a golf simulator, indoor golf, billiards room, BBQ area, and party room, plus a 24-hour concierge, fitness centre and yoga studio, and a half-acre green roof terrace. With direct indoor access to Promenade Shopping Centre and steps to the VIVA terminal, highways 407 and 7, schools, parks, and restaurants are all close by.1 parking included. Maintenance fee $455.20/month.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
Style1 Storey/Apt
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$455
LockerNone
BalconyEnclosed
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax---
mls© NumberN14122340
Listed ByFIRST CLASS REALTY INC.
Heat Included
CAC Included
Water Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's estimated carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,662
Property tax (estimated)
$0
Heat allowance
$150
Condo fees, half counted
$228
Housing costs
$3,039 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $104,000
25-yr amortization

Income needed

$94,000

gross annual household income

Payment at 4%
$2,188 / mo
Cash down
$104,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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