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| Building Insurance Included | |
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118 - 5317 Upper Middle Road
Orchard, Burlington
$429,900
Enjoy quiet, convenient condo living in the heart of Burlington's sought-after Orchard community. Located on the ground floor of a quiet four-storey building, this well-maintained one-bedroom plus den unit offers easy access to the lobby, underground parking and building amenities, no waiting for elevators with groceries! The functional layout features granite countertops, stainless steel appliances, laminate flooring, a spacious bedroom with walk-in closet and a private patio. Geothermal heating helps keep utility costs exceptionally low. Includes one underground parking space and a storage locker conveniently located on the same floor. Residents can also enjoy the rooftop terrace with putting green and escarpment views, along with the building's party room. Close to transit, parks, shopping, the QEW and Highway 407. An easy, low-maintenance option for a retiree, downsizer, first-time buyer or busy professional.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | 11-15 |
| Size | 700-799 sq. ft. |
| Maintenance Fees | $625 |
| Locker | Owned |
| Balcony | Open |
| Exposure | North West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $2,865 |
| mls© Number | W13660050 |
| Listed By | ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,200
- Property tax
- $239
- Heat allowance
- $150
- Condo fees, half counted
- $312
- Housing costs
- $2,902 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$89,000
gross annual household income
- Payment at 4%
- $1,809 / mo
- Cash down
- $85,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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