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Listed 27 days ago

2690 Innisfil Road

Central Erin Mills, Mississauga

$1,449,000

Detached|2-Storey
5 | 6 | 4
About this home

Stunningly Renovated Home with Income-Generating Basement Suites. Discover this beautifully renovated residence that perfectly combines modern luxury with smart income potential.The main house has been thoughtfully and extensively renovated with high-quality finishes, contemporary design, and exceptional craftsmanship throughout. Every detail has been carefully updated, creating a bright, stylish, and move-in ready home you'll be proud to call your own.Income Opportunity:Two separate basement units are already in place and generating over $3,000 per month in combined rental income. These self-contained suites provide immediate cash flow to help offset your mortgage and expenses.Additional Features:Laundry facilities conveniently located on both the basement and upper levels. Spacious, modern living spaces throughout the renovated main home. Excellent layout ideal for families or owner-occupiers. Live in a fully renovated, move-in ready home while your tenants help pay the mortgage. This is a rare opportunity to own a turnkey property in Mississauga that offers both lifestyle and investment value.

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age31-50
Size2500-3000 sq. ft.
Property Tax$8,023
Lot Size42.75 ft x 126.48 ft
mls© NumberW13542568
Listed ByJAMES POWER REAL ESTATE BROKERAGE INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,417
Property tax
$669
Heat allowance
$150
Housing costs
$8,235 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $289,800
25-yr amortization

Income needed

$253,000

gross annual household income

Payment at 4%
$6,098 / mo
Cash down
$289,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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