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New2 hours ago

11 - 5255 Palmetto Place

Churchill Meadows, Mississauga

$858,000

Condo Townhouse |
3 | 4 | 2 | 0
About this home

End-unit condo townhouse offering 3 bedrooms, 4 bathrooms and a finished basement, with approximately 1,900 sq. ft. of living space, including the basement. Features include a renovated kitchen with quartz countertops and stainless-steel appliances, hardwood flooring on the main and second floors, a built-in garage and a private driveway. The furnace and central air conditioning were replaced in 2022 and conveniently located near Erin Mills Town Centre, Credit Valley Hospital, parks, schools, recreation facilities, public transit and major highways.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Townhouse
Style2-Storey
Approx. Age11-15
Size1800-1999 sq. ft.
Maintenance Fees$378
LockerNone
BalconyNone
ExposureSouth West
Parking TypeBuilt-In
Parking Spaces2
Parking FeaturesPrivate
Property Tax$5,472
mls© NumberW14089438
Listed ByGLOBAL BRICKS EXECUTIVE HOMES REALTY
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%
$4,392
Property tax
$456
Heat allowance
$150
Condo fees, half counted
$189
Housing costs
$5,187 / mo

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

Down payment20% · $171,600
25-yr amortization

Income needed

$160,000

gross annual household income

Payment at 4%
$3,611 / mo
Cash down
$171,600

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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