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1 / 0
New4 days ago

306 - 796468 Grey Road 19 N/A

Blue Mountains, Blue Mountains

$300,000

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

North Creek Resort at Blue ~ income plus enjoyment! Great studio unit centrally located, close to the ski gate to Blue Mountain ski hill, and the shared amenities. Currently short term accommodation (STA) licence approved and renting on Airbnb, 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, lounge in Gatehouse, overnight security, snow removal to right to the door, Rogers Ignite TV and unlimited Internet, all included in Condo Maintenance. Conveniently dine onsite at the Indian Restaurant, or you can walk or bike to the Village at Blue Mountain. Special assessment until 2027. North Creek Resort at Blue was previously known as Mountain Springs Resort. This is your chance to enjoy your weekend getaways & four season vacations, and supplement the costs with rental possibilities year round.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleBachelor/Studio
Approx. AgeNot available
Size0-499 sq. ft.
Maintenance Fees$507
LockerExclusive
BalconyEnclosed
ExposureSouth
Parking TypeNone
Parking Spaces1
Parking FeaturesMutual, Unreserved
Property Tax$867
mls© NumberX13850168
Listed ByChestnut Park Real Estate
Common Elements Included
Cable TV Included
Water Included
Parking Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • 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%
$1,536
Property tax
$72
Heat allowance
$150
Condo fees, half counted
$253
Housing costs
$2,011 / mo

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

Down payment20% · $60,000
25-yr amortization

Income needed

$62,000

gross annual household income

Payment at 4%
$1,262 / mo
Cash down
$60,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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