50 Elm Drive E
Mississauga Valleys, Mississauga
$449,000
50 Elm Drive Offers The Chance To Blend Ample Space W. A Favourable Price Point. Located In The Heart Of Mississauga, This Unit Offers Convenience At Every Turn. Minutes To Square One, Hwy 403, Cookstown GO & All The Amenities Mississauga Has To Offer - Including The New 18km Hurontario LRT Line Currently Under Construction. With 2 Beds + 1 Bath, This Unit Offers Ample Space For First Timers Or Young Families Alike. At Over 1,000 Sq.Ft, This Unit Boasts A Functional Layout And Plenty Of Sunlight. As The Largest 2 Bedroom Unit In The Building, Enjoy An All Inclusive Amenity Package That Includes Heat, Hydro & Water. Amenities Include A Gym, Tennis Court, Party & Games Rooms, Library, Visitor Parking & 24hr Concierge. Set Roots In This Bustling Community & Put Your Finishing Touches On This Spacious Unit.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,298
- Property tax
- $198
- Heat allowance
- $150
- Condo fees, half counted
- $538
- Housing costs
- $3,184 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$98,000
gross annual household income
- Payment at 4%
- $1,889 / mo
- Cash down
- $89,800
Assumes no other monthly debts · 25-yr amortization
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