Central Townhouse

Wishing Tree
53, 9566 Tomicki Avenue, Richmond
MLS: V995985

List Price: $589,000
Floor Area: 1,309
Unit: 3 Beds: 3 Bath
Maintenance Fee: $176.14
Taxes: $2,332

PROS

  • 1/2 bath located on the main living floor
  • Additional room developed in the garage
  • Club house facility within steps
  • Location – close to shopping, parks and schools
  • Visitor parking close by
  • Newer complex

CONS

  • Similar layout to all new townhouse designs, not original
  • Balcony facing north
  • Complex feels a bit crowed for driving/parking
  • Not many areas for storage
  • Bedrooms are not overly spacious

COMPARABLES

Wishing Tree at 9566 Tomicki

MORTGAGE DETAILS

Interest Rate: 2.89%
Purchase Price: $589,000

High Ratio Loan (less than 20% down payment); 25-year amortization
Down Payment (5%): $29,450
CMCH fees: $15,387.62
Total loan: $574,937.62
Amortization: 25 years
Payment: $2,688.52

Approximate income required: $118,500

Conventional Loan (20% or more down payment); 30-year amortization
Down Payment (20%): $117,800
Total Loan: $471,200
Amortization: 30 years
Payment: $1,958.32

Approximate income required: $91,000

From my home to yours –
Irene

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