15 photos

Highlight

Year Built

2018

Days of On-Site Use

Property Type

Condo

Price per Sqft

$654

Car Garage

Property Details

Key Details

Sub Type

Condo/Apt Unit

Listing Status

Active

Purchase Type

For Sale

Square Footage

397 sqft

MLS Listing ID

40848352

Full Baths

HOA Fees

$310/mo

HOA Y/N

Yes

Abv Grd Liv Area

397

Annual Tax Amount

$2,320

Property Sub-Type

Condo/Apt Unit

Source

Cornerstone

Location

Province

County

Waterloo

Area

4 - Waterloo West

Zoning

RN-6

Rooms

Kitchen

Interior

Interior Features

Separate Heating Controls

Heating

Forced Air

Cooling

Central Air

Fireplace

Laundry

In-Suite

Exterior

Roof Type

Flat

Porch

Open

Garage

Building

Lot Description

Urban, School Bus Route, Schools

Sewer

Sewer (Municipal)

Water

Municipal-Metered

Level or Stories

Structure Type

Concrete

New Construction

Others

Senior Community

Tax ID

236590063

Ownership

Condominium

Purchase & mortgage inputs

Purchase price $650,000

First-time home buyer

New construction / new build

Property is in the City of Toronto (adds Toronto MLTT)

Down payment 10% · $65,000

Minimum required for this price: 5% on the first $500,000, 10% on the remainder.

Interest rate (contract) 4.99%

Amortization 25 yrs

Property taxes, annual $4,200

Heating, annual $1,800

Condo fees, monthly $0

Only 50% of condo fees count toward GDS/TDS.

Other monthly debt payments $400

Car loans, credit cards, student loans, other credit obligations.

Household annual income, optional $0

Enter this to check pass/fail against required income. Leave at 0 to just see what's required.

Other closing costs $2,000

Legal fees, title insurance, home inspection, adjustments.

Qualification & closing costs

Conventional (uninsured)

Loan amount

Total mortgage (incl. premium)

Monthly payment (contract rate)

Monthly qualifying payment

Stress-test qualifying rate (MQR)0.00%

GDS ratio (at qualifying rate)0.0%

TDS ratio (at qualifying rate)0.0%

Insurance premium rate—

Insurance premium$0

Ontario PST on premium (8%, cash)$0

Ontario land transfer tax$0

Ontario first-time buyer rebate$0

Toronto municipal land transfer tax$0

Toronto first-time buyer rebate$0

Total cash needed to close$0

For information purposes only. This calculator reflects publicly available federal and Ontario mortgage rules as of mid-2026 and does not constitute financial, legal, tax or mortgage advice. Confirm current rules and your actual qualification with a licensed mortgage professional or lender before making a decision.

Minimum down payment: 5% on the first $500,000, 10% on the portion from $500,000 to $1.5 million. Properties at or above $1.5 million require at least 20% down and cannot be insured.
Maximum insured amortization is 25 years, or 30 years if you are a first-time buyer or purchasing a new build. Insured mortgages also require a minimum credit score of 600 and a traditional (non-borrowed) down payment source.
The stress test qualifying rate is the greater of your contract rate + 2%, or the 5.25% regulatory floor.
GDS (39%) and TDS (44%) are standard insurer guidelines; individual lenders may apply different limits, especially for conventional (uninsured) mortgages.
Land transfer tax figures use current Ontario and Toronto marginal rate schedules and standard first-time buyer rebates. Other municipalities in Ontario do not currently levy a municipal land transfer tax.

Prepared by Navjot Singh.

Nearby Locations

GET MORE INFORMATION

Navjot Singh

REALTOR® | License ID: 5027745

+1(519) 505-5832 | navjot@teammosaic.ca

Residential mortgage & income qualification calculator