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Erin Mills, Mississauga
$999,000
Welcome to this beautifully renovated, updated and freshly painted home in the highly soughtafter Erin Mills community! This inviting property features 3 spacious bedrooms, 3 bathrooms, and an exceptional 50 x 150 ft. lot. The stunning kitchen features a vaulted ceiling, quartz countertops, and porcelain tile flooring. Enjoy a functional layout with separate living and dining rooms, plus a generous family room with a cozy fireplace and walkout to an expansive backyard-perfect for entertaining and family gatherings. The finished basement offers a spacious recreation room, an additional 3-piece bathroom, and a dedicated laundry area. Situated in a quiet, family-friendly neighbourhood close to parks, schools, shopping, and convenient transportation, this wonderful home offers the perfect blend of comfort, style, and location!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,113
- Property tax
- $574
- Heat allowance
- $150
- Housing costs
- $5,837 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$180,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
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