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Listed 2 months ago

102 - 796468 Grey Road 19 Road

Blue Mountains, Blue Mountains

$310,000

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

North Creek Resort at Blue ~ income plus enjoyment! Great studio unit centrally located, close to Blue Mountain ski hill, and the shared amenities. Currently short term accommodation (STA) license approved. Buyer to apply and meet criteria with the Town of The Blue Mountains if you wish to continue renting the unit out. Fully furnished and equipped, with a queen bed, pull out couch, in total the unit sleeps 4. Options available for combination of personal use, nightly/weekend/extended rentals. Enjoy the community amenities such as the year round outdoor hot tub, summer heated swimming pool, tennis/pickleball courts, community BBQ. Snow removal right to the door, cable TV, Internet, water all included in Condo fees. Conveniently dine onsite at the Indian Restaurant, or you can walk or bike to the Village at Blue Mountain. Or take the BMVA shuttle! Coined laundry building on site. Ski storage locker next to the unit for usage. This is your chance to enjoy your weekend getaways & four season vacations, and supplement the costs with rental possibilities year round. HST is applicable to the sale price (but deferrable for GST/HST registrants). BMVA membership is .05% + hst of sale price and minimal ongoing fees of .29 cents a square foot a year.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$507
LockerExclusive
BalconyOpen
ExposureNorth
Parking TypeSurface
Parking Spaces1
Parking FeaturesNone
Property Tax$867
mls© NumberX13630284
Listed ByEngel & Volkers Toronto Central
Cable TV Included

Listing History

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  • No recent lease history for this listing.

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,587
Property tax
$72
Heat allowance
$150
Condo fees, half counted
$253
Housing costs
$2,062 / mo

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

Down payment20% · $62,000
25-yr amortization

Income needed

$63,000

gross annual household income

Payment at 4%
$1,305 / mo
Cash down
$62,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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