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New1 hour ago

35 - 5730 Montevideo Road

Meadowvale, Mississauga

$489,900

Condo Townhouse |
3 | 2 | 2 | 0
About this home

A great opportunity to get into one of Meadowvales popular, family oriented neighbourhoods and create a home exactly the way you want it. Very well maintained complex with outdoor pool! Located close to Meadowvale Town Center, restuarants, banks, Tim Hortons, LCBO, Staples, Meadowvale community center and other everyday conveniences. This 3 bedroom end unit home is ready for a complete transformation and requires extensive renovations from top to bottom, including the kitchen, bathroom, and interior finishes. Ideal for a renovator, investor, contractor or buyer with vision who recognizes the potential of a well-located property in an established neighbourhood. Bring your ideas and make it your own. Please contact LA for further details.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$485,000
LockerNone
BalconyNone
ExposureSouth
Parking TypeAttached
Parking Spaces2
Parking FeaturesNone
Property Tax$3,701
mls© NumberW13756958
Listed ByRE/MAX REALTY SPECIALISTS INC.
Common Elements Included
Building Insurance 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%
$2,508
Property tax
$308
Heat allowance
$150
Condo fees, half counted
$242,500
Housing costs
$245,466 / mo

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

Down payment20% · $97,980
25-yr amortization

Income needed

$7,553,000

gross annual household income

Payment at 4%
$2,062 / mo
Cash down
$97,980

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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