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New3 hours ago

1405 - 3883 Quartz Road

City Centre, Mississauga

$387,888

Condo Apartment |
1 | 1 | 1 | 0
About this home

14th floor at M2 Condominiums in the M City community, south-east facing, with a clear view of Lake Ontario. On a clear day you can see the CN Tower and the Toronto skyline in the distance, and you get the morning sun. 1 bed, 1 bath, 444 sq ft (MPAC) with one owned parking spot. The balcony is about 23 ft long and runs past both the living room and the bedroom. The kitchen has quartz counters, a panelled fridge and dishwasher, a stainless range and a built-in microwave. Custom panel track blinds made for the space. Laminate floors throughout, no carpet. Glass walk-in shower. Stacked washer and dryer. Ecobee smart thermostat. Built in 2023 by Rogers and Urban Capital. Maintenance includes building insurance, common elements and parking. Pets allowed with restrictions. Amenities include a 24-hour concierge, outdoor pool, sauna, gym, a large party room, a dining room, a lounge and event space, and an outdoor terrace with BBQs. Walk to Square One, Celebration Square, the Central Library and Sheridan College, with MiWay transit and the 403 close by. Flexible possession. Works as a first home or a rental. Take the 3D tour.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$420
LockerNone
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,437
mls© NumberW14112562
Listed ByRIGHT AT HOME REALTY
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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What the bank counts

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

Mortgage, tested at 6%
$1,985
Property tax
$203
Heat allowance
$150
Condo fees, half counted
$210
Housing costs
$2,548 / mo

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

Down payment20% · $77,578
25-yr amortization

Income needed

$78,000

gross annual household income

Payment at 4%
$1,632 / mo
Cash down
$77,578

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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