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1804 - 16 Brookers Lane
Mimico, Toronto
$629,000
Discover an exceptional opportunity to own a spacious 2-bedroom, 2-bathroom suite in the highly sought-after Humber Bay Shores community of Mimico. Offering 800+ sqft of thoughtfully designed living space, this freshly painted, bright and inviting residence features brand-new luxury vinyl flooring throughout, along with stunning views of Lake Ontario and the Toronto skyline.The functional split-plan layout features a well-appointed kitchen with full-size appliances, a generous primary bedroom with a walk-in closet and private 3-piece ensuite, a second nice-size bedroom - ideal for a children's room or a work-from-home office - and an expansive balcony, perfect for morning coffee, outdoor dining, or simply enjoying breathtaking waterfront views. Complete with one underground parking space and an owned storage locker, this suite offers both convenience and practicality. Residents enjoy an impressive selection of building amenities, including a 24-hour concierge, indoor swimming pool, fitness centre, party room, guest suites, theatre room, and rooftop terrace. Ideally situated just steps from waterfront trails, scenic parks, restaurants, cafés, shopping, and public transit, this vibrant neighbourhood offers an outstanding balance of urban convenience and lakeside living. Whether you're a first-time buyer, looking to upsize to a two bedroom, or an investor, this is an opportunity to enjoy one of Toronto's most desirable waterfront communities.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,220
- Property tax
- $271
- Heat allowance
- $150
- Condo fees, half counted
- $396
- Housing costs
- $4,037 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$124,000
gross annual household income
- Payment at 4%
- $2,647 / mo
- Cash down
- $125,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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