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New4 hours ago

408 - 238 Albion Road

Elms-Old Rexdale, Toronto

$389,999

Condo Apartment |
3 | 2 | 1 | 0
About this home

Opportunity is knocking! Spacious 1,174 sq. ft. 3-bedroom, 2-bathroom condo in one of Etobicoke's most sought-after locations. Whether you're a first-time buyer, growing family, or investor, this home offers exceptional value in a high-demand neighbourhood with strong rental appeal.Featuring a bright and functional layout, laminate flooring throughout, large windows that fill the space with natural light, in-suite laundry, and a generous private balcony perfect for relaxing or entertaining.Conveniently located just minutes from Highway 401 and major commuter routes, with schools, shopping, parks, golf courses, public transit, and places of worship all within easy reach.Building Amenities: Fitness Centre, Party Room ,Underground Parking ,Visitor Parking. A rare 3-bedroom layout, an unbeatable location, and outstanding potential-this is one you won't want to miss.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$1,195
LockerNone
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$943
mls© NumberW13649770
Listed ByRE/MAX PREMIER INC.
Heat Included
Hydro Included
Water Included
Building Insurance Included
CAC Included
Common Elements Included
Parking Included

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$1,996
Property tax
$79
Heat allowance
$150
Condo fees, half counted
$598
Housing costs
$2,822 / mo

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

Down payment20% · $78,000
25-yr amortization

Income needed

$87,000

gross annual household income

Payment at 4%
$1,641 / mo
Cash down
$78,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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