For Sale: $274,900
Building Type : Apartment
Bedrooms : 2
Bathrooms : 2
Title : Condominium/Strata
Location : #1706 - 80 ABSOLUTE AVE
MISSISSAUGA, ON L4Z 0A5
#1706 - 80 ABSOLUTE AVE MISSISSAUGA, ON L4Z 0A5
General Description
Stunning Approx 1050-Sqft Incl Balcony 'Euphoria' Model In The Newest Absolute Tower. Georgeous 250-Sqft, Wrap-Around Balcony Is Accessible From Living, Master, 2nd Br & Offers South-East & South-West Views. Loaded With Upgrades Including Hardwood Floors,Berber Carpet In Bedrooms,Upgraded Ceramics, Granite Countertops, Upgraded Cabinets With Under Cabinet Lighting, Angled Cabinets,Backsplash.**** EXTRAS **** Fridge,Stove,B/I Dishwasher,B/I Microwave,Washer,Dryer,Window Blinds.
Property
Features : Gym, Balcony, Party/Games Room Monthly Maintenance Fees : $337.45
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Dear Cd's,
I am thinking of renting for a year in Mississauga in a condo. After searching we are not able to get any condo for less than $1400 and it is a one year lease (Hurontario and Burnamthorpe / Eglington area). So one of the members in my family is thinking that it might be prudent to buy this place as mortgage + maintanance + taxes come to around $1441.
My main question is that will it be profitable to sell it after just one year (Even no loss no gain is enough). We have to consider the 5% brokerage when we sell.
Will the square one area be even hotter after one or 2 years? Can we then atleast generate a small profit after 2 years. Right now the broker is offering us 3.9% interest after paying 20% down.
all replies appriciated.
Peace by TK
Sidenote : We prefer condo. as there will be just a single person staying there during winter time.
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I am a Gents and not a Ladies.
Hi TK,
If i were in your shoes, i would:
A) Continue renting until you have clarity in terms of where your new job/assignment locates to.
B) Buying a Condo/home will only add to the existing worries and financial responsibilities.
My 1.09$ cents.
seenappa
Quote:
Originally posted by seenappa
My 1.09$ cents.
seenappa
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Vik
I agree with other people....
its not a good idea to buy house for sort term... don't go with general calculations,,,there is other hidden expenses too.
ALSO, i find 2 BDR condo for 247K is high price. if u really wanna buy then go with little old , this days u can find 2 BDR condo below 200K - so atleast u can put it with low rent if u are not able to sale it on time.
go with property which max out to 1000$ ( mort+tax+ins) - if u can find one
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
oppps mistake .... typo mistake in price --soorrrryyy - but u got my point
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'Some goals are so worthy, it's glorious even to fail.' (Param Vir Chakra awardee Lt. Manoj Pandey)
Blue_Peafowl is right.
You can buy house in same price and rent your basement out. If you need only 2 bedroom upstairs, you can think of renting 1 with single person and your monthly payment will cost less than condo.
I would also say, you can control utility and other expenses in your own house vers condo..you have to pay whatever building management charge.
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