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New3 hours ago

413 - 8 Drummond Street

Mimico, Toronto

$499,000

Condo Townhouse |
1 | 1 | 1 | 1
About this home

Enjoy the convenience of Mimico living in this one-bedroom, one-bathroom stacked townhome at 8 Drummond St. With approximately 540 sq. ft., two private entrances and a practical open-concept layout, this home makes use of every inch of square footage. The kitchen features white cabinetry, S/S appliances, a subway tile backsplash and a breakfast bar overlooking the living area. Crown moulding, pot lights and window shutters add character, while in-suite laundry, one parking space and a locker cover the everyday essentials. Mimico GO Station is just a short walk away, making the downtown commute easy. Nearby grocery shopping (No Frills), local bakeries (SanRemo), cafés and restaurants along Royal York Road put daily errands close to home, with neighbourhood parks and waterfront trails within easy reach. A great option for first-time buyers or anyone looking to simplify.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Townhouse
StyleStacked Townhouse
Approx. Age6-10
Size500-599 sq. ft.
Maintenance Fees$263
LockerOwned
BalconyTerrace
ExposureEast
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,210
mls© NumberW13849092
Listed ByHOMELIFE SUPERSTARS REAL ESTATE LIMITED
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%
$2,554
Property tax
$184
Heat allowance
$150
Condo fees, half counted
$132
Housing costs
$3,020 / mo

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

Down payment20% · $99,800
25-yr amortization

Income needed

$93,000

gross annual household income

Payment at 4%
$2,100 / mo
Cash down
$99,800

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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