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New3 days ago

1612 - 68 Grangeway Avenue

Woburn, Toronto

$490,000

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

Beautiful unit in the heart of Scarborough, 2 bedrooms and 2 full bathrooms, open concept kitchen with a granite countertop and breakfast bar, stainless steel appliances, balcony facing westward towards the Toronto skyline and gorgeous sunsets. Walking distance to the Scarborough Town Center, grocery stores, public transit, highway 401, clinics and restaurants. It includes many amenities like bike storage, 24 hour concierge services, a gym, indoor pool, party room, meeting room, movie night room, billiard room, visitor parking

Extras

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$860
LockerOwned
BalconyEnclosed
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,256
mls© NumberE14109488
Listed ByRIGHT AT HOME REALTY
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Hydro Included
CAC 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
$188
Heat allowance
$150
Condo fees, half counted
$430
Housing costs
$3,276 / mo

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

Down payment20% · $98,000
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,062 / mo
Cash down
$98,000

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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