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Listed 3 months ago

317 - 50 Lakebreeze Drive

Newcastle, Clarington

$498,500

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

South Lake- Facing Condo!1BDM + Large Den (8"3 into 8'4) Welcome to Port of Newcastle . Experience the unique waterfront lifestyle featuring 750 S/f of living space + private balcony Of 70 sqft of added Private space. This unit includes 1 large bedroom w/ unobstructed view of the lake and a versatile large den that can be converted into a second bedroom. Enjoy breathtaking views of Lake Ontario from the spacious, open-concept living/dining area and Bedroom. The upgraded kitchen boasts granite countertops, a breakfast bar, and stainless steel appliances. Additional features include 9-foot ceilings, premium vinyl flooring, in-unit laundry, 1 underground parking & large storage room. Residents also have access to the Admiral Club, offering amenities such as a gym, indoor pool, theater room, library, and party room.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size700-799 sq. ft.
Maintenance Fees$428
LockerOwned
BalconyTerrace
ExposureSouth
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$4,969
mls© NumberE13068046
Listed ByROYAL LEPAGE FRANK REAL ESTATE
Common Elements Included
Building Insurance Included
Parking Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,552
Property tax
$414
Heat allowance
$150
Condo fees, half counted
$214
Housing costs
$3,330 / mo

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

Down payment20% · $99,700
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,098 / mo
Cash down
$99,700

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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