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Listed 19 days ago

1055 Claredale Road

Mineola, Mississauga

$860,000

Semi-Detached |Backsplit 3
4 | 3 | 4
About this home

This semi-detached backsplit 3 plus basement is situated on a quiet cul-de-sac within a prestigious Mississauga neighborhood characterized by million-dollar custom residential homes. The property features a versatile 4+1 bedroom layout designed to accommodate multi-generational living or dual-stream rental income. The main and upper levels function as a self-contained living space containing three bedrooms, a kitchen, and a washroom. The lower level and basement are configured as a separate apartment comprising two bedrooms, a kitchen, and washroom facilities. Please note that these separate living spaces may not be legal, and it is the sole responsibility of the buyer to verify the legal status, zoning compliance, and building requirements with the appropriate municipal authorities. The property and all inclusions are being sold in as-is condition. The location provides immediate access to essential amenities and major transportation corridors. The residence is minutes from the Dixie Outlet Mall and Sherway Gardens, offering extensive retail, services, and dining options. Outdoor recreation is available nearby at Applewood Hills Park and the Etobicoke Creek Trail system. For commuters, the property is a short drive from the Dixie GO Station and offers rapid access to the QEW and Highway 427, facilitating efficient travel to downtown Toronto and Pearson International Airport. The surrounding area is served by several reputable public and Catholic schools and maintains high rental demand due to its central location. This property offers a unique opportunity to enter a high-value residential pocket with significant potential for value addition or mortgage assistance in a low-traffic, private setting.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeSemi-Detached
StyleBacksplit 3
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$5,490
Lot Size30.2 ft x 125.65 ft
mls© NumberW13575078
Listed ByACCSELL 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%
$4,402
Property tax
$458
Heat allowance
$150
Housing costs
$5,009 / mo

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

Down payment20% · $172,000
25-yr amortization

Income needed

$154,000

gross annual household income

Payment at 4%
$3,619 / mo
Cash down
$172,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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