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1 / 0
Listed 7 days ago

106 - 5317 Upper Middle Road

Orchard, Burlington

$410,000

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

Now's the time to enter the real estate market! Take that first step to ownership. This lovely one bedroom condo on the main level with walk out to a patio in the Mid-Rise "Haven" Development is a great start! The well organized Kitchen with breakfast bar seating opens to a bright Living Rm with a patio door leading directly to your private Terrace/patio (21.38ft x 7.62ft). Lovely hardwood flooring throughout. Large bedroom with walk in closet. In suite laundry makes life even easier. Geo Thermal Forced Air Heating, No Hydro Needed To Run Pump. One underground parking spot (owned) just below unit and 1 spacious locker on main level (owned). The building includes use of the rooftop lounge, BBQ area and entertainment seating, even has a putting green! Exercise Room, Bike Storage, Tire Storage and Plenty Of Visitor Parking!. Large party room available for special occasions. Schools and walking trails close by. Minutes to GO, highways, shopping, restaurants and Bronte Provincial Park.

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size500-599 sq. ft.
Maintenance Fees$506
LockerOwned
BalconyTerrace
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,386
mls© NumberW14100768
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.
Water Included
Common Elements Included
Parking Included
CAC Included
Heat 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%
$2,099
Property tax
$199
Heat allowance
$150
Condo fees, half counted
$253
Housing costs
$2,701 / mo

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

Down payment20% · $82,000
25-yr amortization

Income needed

$83,000

gross annual household income

Payment at 4%
$1,725 / mo
Cash down
$82,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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