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Listed 28 days ago

2557 Mindemoya Road

Erindale, Mississauga

$1,250,000

Detached|Bungalow-Raised
4 | 2 | 3
About this home

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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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,865
Lot Size56.5 ft x 125 ft
mls© NumberW13538074
Listed ByMODERN 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.

Down payment20% · $250,000
25-yr amortization

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 check

Investment Analysis

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