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Erin Mills, Mississauga
$1,739,000
Outstanding Curb Appeal !!! Lovely Family 4 Bedroom, 3 Bathroom Executive Home In One Of Erin Mills/Sawmill Valley's Most Sought After Areas. This Arthur Blakely Built Home Consists Of 2649 Square Feet (As Per GeoWarehouse) And Is Located On A Private And Secluded Lovely 47.95 Ft By 142.30 Ft By 144.11 Ft And 115.98 Ft Across The Rear Property Line. Enjoy Beautiful Views Of The Tree Lined Street While Sitting On The Front Porch (24.5 Ft By 6 Ft) That Overlooks The End Of A Child-Safe Cul-De-Sac With A Centre Island. Very Private Rear Yard Setting With Numerous Tall Pine Trees, Perennials And A 20 Ft By 14 Ft Patio With Cultured Stone To Be Enjoyed As You Walk Out From The Family Room. The Current Sellers Are Original Owners That Have Enjoyed Raising Their Family In This Home. A Formal Home With Extensive Use Of Hardwood Flooring, Oak Staircase With Carpet Runners, Painted White Pickets And Oak Handrail. 800 Series Colonial Doors Throughout. An Open Concept Partially Finished Lower Level Presents Many Opportunities To Add Your Finishes For Your Family. Very Close To All Amenities. Great Parks And Trails, Excellent Schools Including A Short Walk To UTM. Major Highways And Erindale GO Station, Public Transportation, Restaurants. Don't Miss This Opportunity.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,901
- Property tax
- $898
- Heat allowance
- $150
- Housing costs
- $9,949 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$306,000
gross annual household income
- Payment at 4%
- $7,318 / mo
- Cash down
- $347,800
Assumes no other monthly debts · 25-yr amortization
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