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New4 hours ago

1323 Shamir Crescent

Erindale, Mississauga

$1,358,000

Detached|Backsplit 4
4 | 3 | 6
About this home

Welcome to 1323 Shamir Crescent, a beautifully updated home situated on a desirable 51 x 120 ft lot in the sought-after Erindale community of Mississauga. This move-in ready property offers the perfect combination of comfortable family living and excellent investment potential.The home has been extensively updated with many recent renovations, including new flooring, updated bathrooms, fresh paint, whole-home waterproofing, and many thoughtful upgrades. The legal basement apartment, fully permitted by the City, was completely rebuilt from the ground up with a brand-new layout, modern finishes, and comfortable living space.The legal basement offers an excellent mortgage helper and additional income opportunity. The current tenant is reliable with a strong rental history and pays $2,350/month on time. Payment records are available upon request. The existing lease runs until the end of September 2026. Buyers may choose to continue with the current tenant or make arrangements for vacant possession if preferred.Whether you are looking for a wonderful family home or a smart investment property, this home offers outstanding flexibility. Enjoy comfortable living while benefiting from rental income that helps reduce monthly carrying costs, or add a well-maintained cash-flowing property to your investment portfolio.Located in a convenient area close to schools, parks, shopping, transit, and major amenities, and within the highly regarded Woodland Secondary School district. Featuring a spacious lot, ample parking, and a legal income-generating basement, this is a great opportunity to own a versatile home in a desirable Mississauga community.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBacksplit 4
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$8,377
Lot Size51 ft x 120 ft
mls© NumberW13645144
Listed ByDREAM HOME REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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%
$6,951
Property tax
$698
Heat allowance
$150
Housing costs
$7,799 / mo

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

Down payment20% · $271,600
25-yr amortization

Income needed

$240,000

gross annual household income

Payment at 4%
$5,715 / mo
Cash down
$271,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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