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Central Erin Mills, Mississauga
$1,449,000
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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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 2500-3000 sq. ft. |
| Property Tax | $8,023 |
| Lot Size | 42.75 ft x 126.48 ft |
| mls© Number | W13542568 |
| Listed By | JAMES POWER REAL ESTATE BROKERAGE 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%
- $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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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