2612 Council Ring Road
Erin Mills, Mississauga
$1,199,000
O P E N H O U S E: Saturday & Sunday from 2-4pm Come see this fully renovated bungalow, with a collective 2275 square feet of Fantastic Functional Family living space. Entertaining is easy in this bright & spacious open concept design. Erin Mills is a wonderful community, known for it's Friendly Neighbors, Excellent schools, Wonderful parks and walking paths, efficient public transit options, and easy Highway (QEW, 403 & 407) access. This Home was fully renovated (including Roof, Shingles, Siding, All Windows, upgraded Electrical), with every detail in mind to make a busy Family Life Easy....and the Love of Entertaining large groups of Friend & Family. Come see for yourself, why this Beautiful Home is the Best of what you're looking for.... and Perfect for You in Every Way!!
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Sat, Oct 31
2:00 PM – 4:00 PM
Sun, Nov 1
2:00 PM – 4:00 PM
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,137
- Property tax
- $613
- Heat allowance
- $150
- Housing costs
- $6,900 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$212,000
gross annual household income
- Payment at 4%
- $5,046 / mo
- Cash down
- $239,800
Assumes no other monthly debts · 25-yr amortization
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