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1108 - 30 Elm Drive W
Fairview, Mississauga
$540,000
Bright, spacious and thoughtfully laid out, this southwest-facing 2-bedroom, 2-bathroom suite at Edge Tower 2 offers 727 sq. ft. of total living space, including 701 sq. ft. indoors and a 26 sq. ft. balcony. The split-bedroom layout provides privacy, while the open-concept living and dining area is filled with natural light through large windows. A sleek kitchen with built-in appliances, upgraded finishes and plenty of storage completes the main living space. The primary bedroom features a walk-in closet and private 4-piece ensuite. Includes ensuite laundry, one underground parking space and one locker. Residents enjoy a modern gym, Wi-Fi lounge, billiards room, rooftop terrace, concierge service and beautifully maintained common areas. Ideally located near Square One, Sheridan College, restaurants, shopping and transit, with convenient access to GO Transit and major highways.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,764
- Property tax
- $340
- Heat allowance
- $150
- Condo fees, half counted
- $318
- Housing costs
- $3,572 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$110,000
gross annual household income
- Payment at 4%
- $2,272 / mo
- Cash down
- $108,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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