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Listed 2 months ago

712 - 3555 Derry Road E

Malton, Mississauga

$380,000

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

Beautifully Renovated 2-Bedroom Condo Offering Nearly 1,000 Sq Ft Of Bright, Functional Living Space In A Well-Managed Malton Community! Freshly Painted And Move-In Ready, This Spacious Unit Features Large Principal Rooms, Quality Laminate Flooring Throughout, An Upgraded Modern Kitchen, And The Rare Bonus Of 2 Private Balconies. Low Condo Fees Cover Most Utilities, Making Ownership Affordable And Stress-Free. Why Rent When You Can Own And Build Equity Instead? Perfect For First-Time Buyers, Downsizers, Or Investors. Conveniently Located Steps To Public Transit, Schools, Medical Offices, Shopping, And Everyday Amenities, With Easy Access To Highways 427, 401 & 407, GO Station, And Toronto Pearson Airport. Excellent Value In A Prime Location

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
Style1 Storey/Apt
Approx. Age31-50
Size900-999 sq. ft.
Maintenance Fees$731
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeNone
Parking Spaces1
Parking FeaturesReserved/Assigned
Property Tax$1,520
mls© NumberW13210706
Listed ByRE/MAX PREMIER INC.
Heat Included
Common Elements Included
Hydro Included
Building Insurance Included
Water 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%
$1,945
Property tax
$127
Heat allowance
$150
Condo fees, half counted
$365
Housing costs
$2,587 / mo

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

Down payment20% · $76,000
25-yr amortization

Income needed

$80,000

gross annual household income

Payment at 4%
$1,599 / mo
Cash down
$76,000

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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