1037 Stainton Drive
Erindale, Mississauga
$719,900
FORECLOSURE HOME Under POWER OF SALE, Very rare opportunity to buy a freehold, semi detached home in prime mature neighbourhood of Mississauga Erindale area, home has a lot of potential with a inner side entrance to the basement, by adding a small kitchenette can be a in law suite to give additional income to carry the mortgage payment. Home has a huge side lot next to the driveway for future use, the finished basement even has a sauna, Close to shopping, great schools, highways and other amenities. The home is being sold under power of sale in as is where is condition, The seller or listing agent/brokerage make no representation of any kind.
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| Type | Semi-Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,169 |
| Lot Size | 38.43 ft x 105.75 ft |
| mls© Number | W13740142 |
| Listed By | REALTY EXECUTIVES PLUS LTD |
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%
- $3,685
- Property tax
- $431
- Heat allowance
- $150
- Housing costs
- $4,266 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$131,000
gross annual household income
- Payment at 4%
- $3,029 / mo
- Cash down
- $143,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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