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New3 hours ago

507 - 4640 Kimbermount Avenue

Central Erin Mills, Mississauga

$399,000

Condo Apartment |
2 | 2 | 1 | 1
About this home

Welcome To Terraces At Erin Mills, A Sought-After Retirement Community Designed For Independent And Active Seniors 65+! This Bright And Spacious Two Bedroom, Two Bathroom Suite Offers Over 800 Sq. Ft. Of Comfortable Living Space With An Open Concept Living And Dining Area, Updated Kitchen Featuring Quartz Countertops, Designer Backsplash, Custom Shelving And Stainless Steel Appliances. Walk Out From The Living Room To A Large Private Balcony, Perfect For Enjoying Your Morning Coffee. The Spacious Primary Bedroom Features A Four-Piece Ensuite, With A Second Bedroom And Additional Three-Piece Bathroom Providing Flexibility For Guests Or A Home Office. Enjoy An Impressive Selection Of Amenities Including An Indoor Saltwater Pool, Whirlpool, Fitness Room, Craft Room, Greenhouse, Theatre, Fine Dining Room And Shuttle Bus Service. Privately Arranged Housekeeping And Personal Care Services Can Also Be Made Available, Offering Added Convenience And Peace Of Mind. Conveniently Located Close To Credit Valley Hospital, Public Transit, Shopping, Restaurants, Parks And Erin Mills Town Centre. Vacant And Ready For You To Move In And Enjoy!

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agent
Jonathan Lee
(647) 983-0770
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$961
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,709
mls© NumberW14147818
Listed ByRE/MAX REALTY SPECIALISTS INC.
Heat Included
Water Included
Cable TV Included
CAC Included
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%
$2,042
Property tax
$226
Heat allowance
$150
Condo fees, half counted
$480
Housing costs
$2,898 / mo

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

Down payment20% · $79,800
25-yr amortization

Income needed

$89,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

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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