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Listed 1 month ago

118 - 5317 Upper Middle Road

Orchard, Burlington

$429,900

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

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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Contact nest zoom realty.

nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. Age11-15
Size700-799 sq. ft.
Maintenance Fees$625
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,865
mls© NumberW13660050
Listed ByROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Common Elements Included
Building Insurance Included
Water 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%
$2,200
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.

Down payment20% · $85,980
25-yr amortization

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 check

Investment Analysis

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

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