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New1 day ago

7208 Hermitage Road

Malton, Mississauga

$1,150,000

Detached|Bungalow-Raised
3 | 4 | 6
About this home

Welcome to this immaculate 3+3 bedroom, 4-bathroom detached bungalow situated on a premium 50 x 125 ft lot in one of the area's most desirable neighborhoods. Bright, spacious, and move-in ready, this home features hardwood and ceramic flooring on the main level and a fully finished 3-bedroom basement with a separate entrance, offering excellent income potential or ideal space for extended family. Lovingly maintained and showcasing true pride of ownership, this property is surrounded by newly built multi-million dollar homes, making it an exceptional opportunity in a prestigious and evolving community. Conveniently located close to Westwood Mall, schools, places of worship, public transit, GO Station, Pearson Airport, and major highways. All existing light fixtures, 2 fridges, 2 stoves, washer, dryer, all window coverings, and garage door opener . Brokerage Remarks Bank Draft or Certified Cheque Payable to Re/Max Excellence Real Estate Brokerage.

Extras

No extras listed.

TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$5,255
Lot Size50 ft x 125 ft
mls© NumberW13627432
Listed ByRE/MAX EXCELLENCE REAL ESTATE

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$5,886
Property tax
$438
Heat allowance
$150
Housing costs
$6,474 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $230,000
25-yr amortization

Income needed

$199,000

gross annual household income

Payment at 4%
$4,839 / mo
Cash down
$230,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Listing History

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  • No recent lease history for this listing.

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