| Heat Included | |
| Hydro Included | |
| Water Included | |
| Cable TV Included | |
| CAC Included | |
| Common Elements Included | |
| Building Insurance Included | |
| Parking Included |
New3 hours ago
1611 - 1 Palace Pier Court
Mimico, Toronto
$649,000
Condo Apartment |
1 | 2 | 1 | 1
About this home
Large and spacious one bedroom suite in Palace Place! Approx 1106sf! Sunroom and 1 1/2 baths! Parking and Locker! Rare opportunity to renovate to your taste in luxurious Palace Place. Steps to Etobicoke waterfront for walking, biking! Easy access to Downtown, highways, airports, shops and dining! 1st Class Amenities! All inclusive maintenance fee!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,322
- Property tax
- $294
- Heat allowance
- $150
- Condo fees, half counted
- $628
- Housing costs
- $4,394 / mo
Lenders cap these at 39% of gross income — that sets the number.
Down payment20% · $129,800
25-yr amortization
Income needed
$135,000
gross annual household income
- Payment at 4%
- $2,731 / mo
- Cash down
- $129,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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