About this propertyMLS® 1302596
Located in the popular Collegian Building, this well-maintained 2-bedroom, 2-bathroom condo was originally finished as the model condo for the development. Situated on the front of the building on the third storey, this bright & sunny unit enjoys south-facing views, including views of Cabot Tower. The thoughtfully designed layout offers both functionality & an ideal space for entertaining, with an open-concept living & dining area featuring a corner electric fireplace & direct access to the spacious 12' x 12' covered terrace, extending your living space outdoors. The kitchen features timeless white cabinetry with an abundance of cabinet & counter space. Two well-proportioned bedrooms include the primary bedroom with walk-in closet & ensuite, complemented by a main 4-piece bathroom & convenient in-unit laundry. Mostly hardwood flooring throughout adds to the appeal. Additional features include a dedicated parking stall, visitor parking, & a private storage locker. The secure building offers the added convenience of an on-site resident manager, as well as a common boardroom for residents. Ideally situated in a central location close to the downtown core, bus routes, schools, hospitals, & an array of amenities, this impressive condo offers comfortable, low-maintenance living in a highly sought-after location. (id:56688)
Property details
Coordinates: [47.559126, -52.719476]
Rooms
| Main level | Bath (# pieces 1-6) Bedroom Ensuite Storage Primary Bedroom Living room Dining room Kitchen | 8.0x8.1 4pc 9.7x13.5 null 7.6x7.1 4pc 7.6x4.5 null 10.11x13.3 null 15.10x11.3 null 23.8x24.4 null 10.4x12.8 null |
Basic Calculator
First Mortgage: $295,920
Mortgage insurance premium: $0
Total Financing: $295,920
Rough closing fee (1.5%): ~ $5,549
Total downpayment with estimated closing fee: $79,529
Investment Calculator:
| Monthly | Yearly | |
|---|---|---|
| Gross Revenue | $1,331 | $15,972 |
| Gross rental income (income/principal ratio) | 0.360% | 4.318% |
| Mortgage | $0 | $0 |
| Monthly Expenses | $463 | $5,556 |
| Vacancy | $67 | $799 |
| Management Fee | $107 | $1,278 |
| Expense / Income Ratio | 34.79% | 34.79% |
| Cash Flow | $695 | $8,340 |
| Net Operating Income (NOI) | $695 | $8,340 |
| Capitalization Rate | 0.19% | 2.25% |
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