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Ph04 - 4633 Glen Erin Drive
Erin Mills, Mississauga
$629,900
Penthouse Living at Its Finest! Stunning split-bedroom 2-bedroom, 2-bathroom suite featuring an expansive wraparound balcony (292 sq ft) with breathtaking, unobstructed panoramas of Lake Ontario, downtown Mississauga, and the Toronto skyline. Includes 2 side-by-side parking spaces. Bright and spacious throughout, with 9-ft smooth ceilings, floor-to-ceiling windows, and wide-plank flooring. Modern kitchen blends style and functionality. Both bedrooms are generously sized, with the primary offering a walk-in closet and private ensuite. Ideally located in Central Erin Mills, minutes to top-rated schools, parks, community centre, library, transit, major highways, steps to Erin Mills Town Centre, Loblaws, Goodlife Fitness, Daycare next door and Credit Valley Hospital. Building amenities include an indoor pool, gym, outdoor terrace, sauna, party room, bike storage, and 24-hour concierge/security. An exceptional penthouse offering space, style, and spectacular views with 2 parking spots!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $3,224
- Property tax
- $306
- Heat allowance
- $150
- Condo fees, half counted
- $425
- Housing costs
- $4,105 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$126,000
gross annual household income
- Payment at 4%
- $2,651 / mo
- Cash down
- $125,980
Assumes no other monthly debts · 25-yr amortization
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