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New4 hours ago

705 - 88 Palace Pier Court

Mimico, Toronto

$595,000

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

A South West facing, True 2 Bedroom, 2 Full Baths with Lake view! Fabulous Split Layout, Customized and Upgraded by Builder. Granite Counters, Glass Backsplash, S/S Appliances, Double Undermount Sinks, Custom Lighting, 3/4" Oak Hardwood Floors, Custom Walk-in Closet in Primary Bedroom, 2 sets of French Doors and Double Mirrored Closets in 2nd Bedroom. Boutique Building located in the Prestigious, Quieter and more Mature Area of Humber Bay Shores, beside Palace Place, at the Mouth of the Humber River. Incredible 3,000 SqFt Sky Club Overlooking the Lake, Humber River and City Skyline featuring a Huge Outdoor Roof-top Terrace with BBQ and Fireplace and a Large Tasteful Party Room, Bar, Dining Area and Billiard Room. An Impressive Place to Entertain your Guests. 24 hr Concierge, Fitness Center, Sauna, Guest Suites, Meeting Room, Visitor Parking and Car Wash. Miles of Walking, Running and Bike Trails at your Door Step. Walk to Large Lakefront Parks and Humber Bay Farmers Market. Close to Downtown, High Park, Bloor West Village, Easy Gardiner access, minutes to Sherway, Airport or Downtown. Public Transit, School Bus, Medical Services, Restaurants and Shops all Within Walking Distance.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$1,014
LockerExclusive
BalconyOpen
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,776
mls© NumberW14131374
Listed ByROYAL LEPAGE TERREQUITY REALTY
Common Elements Included
Heat Included
Building Insurance Included
Parking Included
Water 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%
$3,045
Property tax
$231
Heat allowance
$150
Condo fees, half counted
$507
Housing costs
$3,934 / mo

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

Down payment20% · $119,000
25-yr amortization

Income needed

$121,000

gross annual household income

Payment at 4%
$2,504 / mo
Cash down
$119,000

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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