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New2 hours ago

5261 River Forest Court

East Credit, Mississauga

$1,249,000

Detached|2-Storey
3 | 4 | 6
About this home

Fully Renovated 4-Bedroom Detached Home with Legal Basement Apartment on a Quiet Court! Welcome to this beautifully renovated 4-bedroom, 3.5-bathroom detached home situated on a quiet court in a desirable Mississauga neighbourhood. This well-maintained property features a legal basement apartment completed in 2021, with separate tenant laundry, offering excellent rental income potential or an ideal option for extended family living. The main level features hardwood flooring, spacious principal rooms, and updated kitchens and bathrooms with quartz countertops and modern cabinetry. The home offers no sidewalk and parking for up to 6 vehicles. Recent upgrades include: Legal Basement Apartment (2021), Windows (2022), Air Conditioning (2022), Attic insulation (2024), and 96% High-Efficiency Furnace (2026). Enjoy a professionally landscaped backyard featuring a concrete patio, dedicated BBQ area, and mature fruit-bearing trees, providing an excellent space for outdoor entertaining and family enjoyment. Conveniently located directly across from a park with soccer and baseball fields and close to schools including St. Herbert, Fallingbrook, Rick Hansen and Sherwood Mills. Easy access to Square One, Highway 403, Erindale GO, Credit Valley Hospital, Erin Mills Town Centre, Adonis, Subzi Mandi and No Frills. Excellent opportunity for families, investors or multi-generational living. Move-in ready with numerous recent upgrades and a legal basement apartment.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,486
Lot Size30.33 ft x 109.82 ft
mls© NumberW13804406
Listed ByRE/MAX GOLD REALTY INC.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

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

Mortgage, tested at 6%
$6,393
Property tax
$624
Heat allowance
$150
Housing costs
$7,167 / mo

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

Down payment20% · $249,800
25-yr amortization

Income needed

$221,000

gross annual household income

Payment at 4%
$5,256 / mo
Cash down
$249,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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