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New6 days ago

4 - 50 Orchid Place Drive

Malvern, Toronto

$459,000

Condo Townhouse |
1 | 1 | 1 | 0
About this home

Attention Investors And First Time Home Buyers... Location Location Location! Here is Your Opportunity To Purchase A Corner Condo Townhouse Unit By Daniel's First Home At A Prime Toronto East Location. Close To All Amenities And Steps Away From Public Transit, Groceries, Restaurants And More!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Townhouse
StyleApartment
Approx. Age0-5
Size500-599 sq. ft.
Maintenance Fees$457
LockerNone
BalconyOpen
ExposureNorth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,392
mls© NumberE13621432
Listed ByRE/MAX REALTRON REALTY INC.
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%
$2,349
Property tax
$199
Heat allowance
$150
Condo fees, half counted
$228
Housing costs
$2,927 / mo

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

Down payment20% · $91,800
25-yr amortization

Income needed

$90,000

gross annual household income

Payment at 4%
$1,932 / mo
Cash down
$91,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

Values and trends

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