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New3 days ago

217 - 370 Highway 7 N/A E

Doncrest, Richmond Hill

$488,000

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

FULLY RENOVATED IN 2023 - MOVE-IN READY! Bright & Functional 1 Bedroom + Den (~650 Sqft) In Coveted Doncrest. Freshly Painted, Brand-New Kitchen Cabinets, New Stainless Steel Appliances, New Granite Countertops, New Bathroom Vanity/Sink & Wall Cabinet, And New Laminate Flooring Throughout - All Completed In 2023. Open-Concept Living/Dining With Large West-Facing Windows & Walk-Out To Open Balcony. Versatile Den (Separate Room) Ideal As 2nd Bedroom Or Home Office. Good-Sized Primary Bedroom With Walk-In Closet. 1 Underground Parking (#106) + 1 Owned Locker Included. Maintenance ($622/Mo) Covers Heat, Water, Building Insurance & Parking. Steps To Viva, Plazas, Supermarkets, Restaurants & Banks; Minutes To GO Transit & Hwys 404/407. Excellent School Zone (Doncrest, Thornlea, Bayview). Great For Self-Use & Investment - Must See!

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age6-10
Size600-699 sq. ft.
Maintenance Fees$622
LockerOwned
BalconyOpen
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,326
mls© NumberN13848810
Listed ByAIMHOME REALTY INC.
Heat Included
Water Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$2,498
Property tax
$194
Heat allowance
$150
Condo fees, half counted
$311
Housing costs
$3,153 / mo

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

Down payment20% · $97,600
25-yr amortization

Income needed

$97,000

gross annual household income

Payment at 4%
$2,054 / mo
Cash down
$97,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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