$495K · 2 bed Condo Apartment · Unit 706, 8 Lisa Street, Brampton, Ontario L6Y 3V1

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About this home

The Ritz Towers Complex ,This Stunning Sun Filled Condo Provides Over 1100 Sq Ft Of Living Space , 2+1 Bedrooms Overlooking Spectacular Grounds, Renovated Chefs Kitchen And Bathroom, Fresh Paint, Close To Grocery Stores, Banks, Public Transit, Schools & 407/410. This Property Offers Amazing Amenities, Indoor & Outdoor Pool, Game Room, Gym, Tennis Courts , Pool Rooms, Squash And Racquet Courts And More .

Property details

MLS#

W13022414

Status

Buy Now

Property class

Residential Condo & Other

Beds

Baths

2 full, 0 half

Rooms

Kitchens

Size

1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)

Basement

None

Style

Apartment

Type

Condo Apartment

Year built

—Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 3 pc; 3 pc
Family room: Family room
Central vacuum: No
Ensuite laundry: No
Special designation: Other

Property features: Greenbelt/Conservation, Lake/Pond, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Condo corp #: 256
Balcony: None
Locker: None
Association amenities: Exercise Room, Indoor Pool, Outdoor Pool, Squash/Racquet Court, Tennis Court
Fees include: Building Insurance Included, Common Elements Included, Heat Included, Hydro Included, Parking Included, Condo Taxes Included, Cable TV Included, Water Included, CAC Included
Pets: No

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Dixie/Clark
Stories: 7
Utilities: —
Laundry: Ensuite
Interior: None
Parking features: —

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $495,000✓ $2,461 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,165/mo

incl. closing costs (yr 1)

Annual total

$61,981

year 1

Mortgage only

$1,878/mo

principal + interest

Beyond mortgage

$2,298/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$99,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$205/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,950/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$104/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,375

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)36% $22,535/yr

Property taxes14% $8,836/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance8% $4,950/yr

Condo fees24% $15,000/yr

Closing costs8% $5,100/yr

Mortgage is 36% of your true cost of ownership. The other 64% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,535	$1,878/mo
Government & taxes
Property tax	$2,461	$205/mo
Land transfer tax(closing)	$6,375	$531/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,950	$413/mo
Condo fees
Condo / HOA fees	$15,000	$1,250/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$61,981	$5,165/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 706

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