Appendix 1: Kinross Creek Min/Max Housing Charges 2006-2007

 

 

TYPE OF UNIT

 

SQUARE FOOTAGE OF UNIT

 

NO. OF UNITS IN CO-OP

 

SHARE PURCHASE

 

MAX. AND MIN. HOUSING CHARGE PER MONTH

GROSS FAMILY INCOME REQUIRED PER YEAR TO PAY MAX. HOUSING CHARGE

 

1 Bedroom Apartment

 

700

 

9

 

$1,000.00

 

$622 / $195

 

Approx $25,900

 

2 Bedroom Apartment

 

730

 

9

 

$1,000.00

 

$725 / $240

 

Approx $30,200

2 Bedroom Townhouse

(wheelchair accessible)

 

810

 

4

 

$1,000.00

 

$848 / $260

 

Approx $35,300

 

2 Bedroom Townhouse

 

950

 

17

 

$1,700.00

 

$848/ $260

 

Approx $35,300

3 Bedroom Townhouse

(with basement)

 

1,030

 

15

 

$2,000.00

 

$995 / $300

 

Approx $41,500

3 Bedroom Townhouse

(without basement)

 

1,090

 

7

 

$2,000.00

 

$989/ $300

 

Approx $41,000

3 Bedroom Townhouse

(with half basement)

 

1,210

 

4

 

$2,000.00

 

$989 / $300

 

Approx $41,000

 

4 Bedroom Townhouse

 

1,440

 

4

 

$2,000.00

 

$1110/ $335

 

Approx $46,000