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Erindale, Mississauga
$1,250,000
Welcome to this exceptional raised bungalow, ideally located near the University of Toronto Mississauga campus and the scenic Credit River. Tucked away on an exclusive cul-de-sac with only eight homes, this prestigious address offers the privacy and charm of an estate-style community.Perched on an impressive, elevated lot, the home is surrounded by beautifully landscaped perennial and annual gardens, while the expansive, private backyard provides a peaceful retreat with mature trees, natural surroundings, and the soothing sounds of nature. Enjoy seasonal views of the Credit River ravine and the beauty of a quiet, established neighbourhood known for its executive homes and professional residents.Inside, the open-concept layout features spacious principal rooms, dramatic vaulted ceilings, a skylight, and floor-to-ceiling windows across the rear of the home, filling the living space with natural light and showcasing the picturesque setting.A rare opportunity for homeowners, builders, and investors alike. Current zoning permits the construction of a custom home of up to approximately 6,000 sq. ft., plus an approximately 800 sq. ft. garden suite, or the potential development of a fourplex (buyer to verify all permitted uses and approvals with the municipality). Architectural drawings and a recent survey for a custom home and garden suite are available.Whether you're looking to move in, renovate, build your dream home, or explore development potential, this is a truly one-of-a-kind property in one of Mississauga's most desirable locations.
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| Type | Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,865 |
| Lot Size | 56.5 ft x 125 ft |
| mls© Number | W13538074 |
| Listed By | MODERN SOLUTION REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $572
- Heat allowance
- $150
- Housing costs
- $7,120 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$219,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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