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Erindale, Mississauga
$899,900
Welcome to 1161 Chada Ave! Solid 3-bedroom raised bungalow on desirable 50-ft lot in the beautifull, family-friendly neighbourhood close to everyday conveniences**Featuring large front porch, inviting foyer, open concept living and dining areas, spacious bedrooms and abundant natural light throughout**Owned by same family since 1972 and ready for your personal touch** Huge partially finished basement features high ceilings, numerous windows and a separate entrance-offering excellent potential for additional living space, or future income. This home is an outstanding opportunity for renovators, first-time buyers looking to build equity, or investors seeking to customize and add value**Steps to Woodland Park & the upcoming Ellengale Elementary School (currently in the final stages of construction) Close to the University of Toronto Mississauga (UTM), Top Rated The Woodlands SS, Public Transit, Shopping and Everyday Amenities**Bring your vision and unlock the potential of this property in a sought-after, established Erindale community! **Property being sold in "as-is, where-is" condition.
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Listing History
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%
- $4,606
- Property tax
- $607
- Heat allowance
- $150
- Housing costs
- $5,363 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$165,000
gross annual household income
- Payment at 4%
- $3,787 / mo
- Cash down
- $179,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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