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New2 hours ago

1607 - 3 Marine Parade Drive

Mimico, Toronto

$309,000

Condo Apartment |
1 | 1 | 1 | 1
About this home

Retirement Living at Hearthstone by the Bay! This bright and inviting one-bedroom retirement condo has just been renovated with a beautiful, fresh and updated kitchen, adding a modern touch to this comfortable and thoughtfully designed suite.The suite features beautiful hardwood floors, a spacious bedroom, full bathroom with walk in shower, convenient in-suite laundry, and a bright, airy layout designed for both comfort and privacy. Hearthstone by the Bay is a vibrant retirement community offering the best of both worlds - the independence and security of owning your own condo, combined with the services, amenities and social lifestyle of a premier retirement community. The mandatory monthly service package includes 4 hours of housekeeping, a $298.40 monthly meal credit, 24-hour nurse access, fitness classes, daily activities, shuttle service and more. Personal care services are also available, including care up to 24/7 as needed. Enjoy an exceptional selection of amenities including a dining room with fabulous meals, a pub, billiards area, library, movie theatre, fitness centre with therapeutic pool, outdoor terrace and more! Mandatory Club Fee: $1,990.85 + HST/month for one occupant. Additional occupant: $274.34 + HST/month. See Schedule C for a full list of what is included!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$670
LockerOwned
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$1,595
mls© NumberW13722020
Listed ByRoyal Lepage Real Estate Associates, Larose Team
Water Included
CAC Included
Common Elements Included
Building Insurance 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%
$1,582
Property tax
$133
Heat allowance
$150
Condo fees, half counted
$335
Housing costs
$2,200 / mo

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

Down payment20% · $61,800
25-yr amortization

Income needed

$68,000

gross annual household income

Payment at 4%
$1,300 / mo
Cash down
$61,800

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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