1615 Portsmouth Place
East Credit, Mississauga
$2,399,999
LEGAL BASEMENT APARTMENT! Welcome to 1615 Portsmouth Pl, an exceptional 4-bedroom detached home on a premium oversized lot in desirable East Credit. Offering approx. 5,000 sq. ft. of living space, this spacious home features hardwood floors, crown moulding & adjustable LED pot lights. The main level offers separate living & dining rooms, family room, private office with French doors & a spacious kitchen with S/S appliances, centre island & ample cabinetry. Upstairs, the primary bedroom features a W/I closet & 5-pc ensuite, while the 2nd bedroom has its own 4-pc ensuite. Two additional bedrooms & a versatile den complete the upper level. LEGAL BASEMENT APARTMENT with separate entrance features 3 bedrooms, 2 full baths, den, kitchen & living area-ideal for extended family or potential rental income. Rare 3-CAR ATTACHED GARAGE + 6-car driveway parking. Prime location near Heartland Town Centre, Ridgway Plaza, Erin Mills Town Centre, Streetsville, schools, parks, transit & Hwys 401, 403 & 407. A rare opportunity offering exceptional space, versatility, income potential & abundant parking!
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $12,284
- Property tax
- $1,031
- Heat allowance
- $150
- Housing costs
- $13,465 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$414,000
gross annual household income
- Payment at 4%
- $10,100 / mo
- Cash down
- $480,000
Assumes no other monthly debts · 25-yr amortization
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