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Lakeview, Mississauga
$1,649,000
Coveted location as the last house on a quiet cul-de-sac, with stunning views of the Cawthra Woods. This 4 bed, 3.5 bath family home is next to the entrance of footpaths, providing direct access to Carmen Corbasson CC (with new pool & ice rinks). Large double doors open into bright foyer, with main level powder room & access to double car garage. Formal living room & open concept kitchen boast picturesque wooded views. Kitchen features large island, space for oversized dining table, granite counters, SS appliances & large sliding doors. Backyard oasis renovated in 2021 features PVC deck & stairs, interlocking stone & low maintenance garden. Privacy with neighbours only on one side. Upstairs includes generous primary w/ large closet & spa-inspired ensuite. 3 additional large bedrooms & full bath complete upper level. Finished basement features built-in storage, updated bath & laundry. 3200+ sqf total finished living space. New roof 2023. Close to schools, shopping, library, parks, QEW/427. Currently unfurnished awaiting the personal touch of new owners.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,440
- Property tax
- $695
- Heat allowance
- $150
- Housing costs
- $9,285 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$286,000
gross annual household income
- Payment at 4%
- $6,939 / mo
- Cash down
- $329,800
Assumes no other monthly debts · 25-yr amortization
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