Buying First House
Out of context: Reply #6
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Neue_75 is the neue Snuggles I see.
Yeah dude, I had no idea myself. It just so happens that this development is going up across from the Drake (yeah, go ahead and laugh) behind the Aritocrat loft building.
The unit I'm going to buy is 800 sq. ft., 10 ft ceilings, full floor-to-ceiling windows on the north and east exterior walls, 1.5 bathrooms, Scavolini kitchen cabinetry included in my choice of finish, 5 stainless appliance (brand to be determined), full-size washer & dryer, fully tiled bathroom in my choice of inch-by-inch glass tile, basin sinks, my choice of stone kitchen-counter top, two bedrooms (for me a bedroom and an office), sliding frosted glass pocket doors for all the doorways, fully mirrored closet doors.
277, 900.
Slightly above average pricing but it's my perfect place. It's exactly what I'm looking for. Not a "loftdo", perfect location, perfect view, full gym, rooftop garden / BBQ. Rooftop waterfall that feeds the counter-current pool for lap-swimming (my fav), a pedestrian bridge that goes over the CN rail tracks and lands in a park just across the street from the soccer stadium in Liberty Village.
The financials are killer though. I can afford it, but there isn't a huge margin left for error. I'm planning on putting down either 10 or 15% depending on how I can work my financials out.
I don't know exactly what my mortgage rate will be. I think 5.75%. But, a life-long friend of mine is a mortgage broker and a CFP so he's taking care of all that shit for me. I know that I'll end up paying about 2K per month including mortgage, maintenance fees and land taxes.
My brain hurts real bad though.