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New4 days ago

420 - 309 Major Mackenzie Drive E

Harding, Richmond Hill

$495,000

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

Welcome to Cedar Gate in the heart of Richmond Hill! This spacious 1+1 bedroom, 2-bathroom condo offers 850 sq ft of well-designed living space with a west-facing exposure that fills the unit with natural light.The open-concept living and dining area features laminate flooring and large windows, creating a bright and inviting space. The kitchen is equipped with stainless steel appliances and a convenient breakfast bar. The primary bedroom includes a large closet and a 4-piece ensuite, combined with a solarium, providing the perfect space for a home office, reading area, or additional sitting space. This unit also comes with 1 parking space and 1 locker for added storage. All utilities are included in the maintenance fees, making for easy and predictable living.Residents enjoy access to excellent building amenities, including a gym, squash court, games room, leisure room, party room,and a seasonal outdoor pool and 24 hour concierge.A fantastic opportunity to enjoy comfortable condo living in a well-established Richmond Hill community!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$884
LockerOwned
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$1,924
mls© NumberN13784702
Listed ByKELLER WILLIAMS REFERRED URBAN REALTY
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
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%
$2,534
Property tax
$160
Heat allowance
$150
Condo fees, half counted
$442
Housing costs
$3,286 / mo

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

Down payment20% · $99,000
25-yr amortization

Income needed

$101,000

gross annual household income

Payment at 4%
$2,083 / mo
Cash down
$99,000

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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