$625,000
Bedrooms
1 Bed
Bathrooms
1.5
Size
595 sq ft
Exposure
South
Floor Range: 2-4
Launch Price
$625,900
$1,052/sq ft
May 27, 2024
Current Price
$625,000
$1,050/sq ft
Deposit breakdown for this unit priced at $625,000
(12.5% + 7.5%) $5,000.00 On Signing Balance to 5% - 30 days 2.5% - 180 days 2.5% - 365 days 2.5% - 545 days 7.5% - Occupancy
| Milestone | Rate | Amount | Cumulative | Due Date |
|---|---|---|---|---|
| $5,000.00 On Signing | $5,000.00 | $5,000 | $5,000 | On Signing |
| Balance to 5% - 30 days | Balance to 5% | $26,250 | $31,250 | Sep 22, 2026 |
| 2.5% - 180 days | 2.5% | $15,625 | $46,875 | Feb 19, 2027 |
| 2.5% - 365 days | 2.5% | $15,625 | $62,500 | Aug 23, 2027 |
| 2.5% - 545 days | 2.5% | $15,625 | $78,125 | Feb 19, 2028 |
| 7.5% - Occupancy | 7.5% | $46,875 | $125,000 | At Occupancy |
| Total Deposit | 20.0% | $125,000 |
595 sq ft × $0.65/sq ft = $387/mo
Add-ons
| Monthly Mortgage (P&I) | $2,723 |
| Property Tax (est.) | $339 |
| Maintenance Fees | $387 |
| Total Monthly Cost | $3,449 |
Down payment: $125,000 (20.0%) · Mortgage: $500,000
Property tax rate: 0.65%. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
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