$705,990
Bedrooms
3 Bed
Bathrooms
2.0
Size
1181 sq ft
Exposure
South
Floor Range: 3 | Unit Number: 12-13, 32-33, 48-49, 52
Launch Price
$739,990
$627/sq ft
Jun 14, 2023
Current Price
$705,990
$598/sq ft
Deposit breakdown for this unit priced at $705,990
(5% + 5%) $5,000.00 On Signing Balance to 2.5% - 30 days 2.5% - 90 days 5% - Occupancy
| Milestone | Rate | Amount | Cumulative | Due Date |
|---|---|---|---|---|
| $5,000.00 On Signing | $5,000.00 | $5,000 | $5,000 | On Signing |
| Balance to 2.5% - 30 days | Balance to 2.5% | $12,650 | $17,650 | Sep 22, 2026 |
| 2.5% - 90 days | 2.5% | $17,650 | $35,300 | Nov 21, 2026 |
| 5% - Occupancy | 5% | $35,300 | $70,599 | At Occupancy |
| Total Deposit | 10.0% | $70,599 |
1,181 sq ft × $0.16/sq ft = $189/mo
Add-ons
| Monthly Mortgage (P&I) | $3,076 |
| Property Tax (est.) | $382 |
| Maintenance Fees | $189 |
| Total Monthly Cost | $3,647 |
Down payment: $141,198 (20.0%) · Mortgage: $564,792
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.
Active MLS Listings — Same Unit Type
Lease$2,350/mo
16 Melbourne Avenue, Unit 317B
Lease$2,450/mo
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