3324 Strabane Drive
Erindale, Mississauga
$1,180,000
Great Income Property with 4 Potential Units!Excellent investment opportunity featuring four potential units, each with a separate entrance. The property is currently rented for $2,750/month and offers excellent flexibility for investors or multi-generational living.Features include 4 bathrooms, up to 4 parking spaces, a garage, and a spacious backyard backing onto a park, providing a private and peaceful setting.A property with strong income potential and multiple possibilities for future use.
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| Type | Semi-Detached |
| Style | Backsplit 5 |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,987 |
| Lot Size | 27.71 ft x 134 ft |
| mls© Number | W13826728 |
| Listed By | RE/MAX REAL ESTATE CENTRE 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%
- $6,040
- Property tax
- $499
- Heat allowance
- $150
- Housing costs
- $6,689 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$206,000
gross annual household income
- Payment at 4%
- $4,966 / mo
- Cash down
- $236,000
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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