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New3 hours ago

3518 The Credit Woodlands N/A

Erindale, Mississauga

$999,000

Detached|Bungalow
3 | 2 | 7
About this home

Beautiful Brick Bungalow nestled in Erindale, one of Mississauga's most desirable, established and family-friendly neighborhoods. Nicely maintained and exceptionally well cared-for. Large bright inviting living room open to dining room with bay windows, hardwood floors, crown molding. Renovated eat-in kitchen. Updated bathroom. 3 bedrooms with laminate floors and closets. The third bedroom features a sliding door to a three season sunroom. A separate entrance leads to the mostly finished basement, which was previously used as a basement apartment. There is a kitchen, nice renovated 3pc bathroom with a walk-in shower, and a large bright great room, plus two bedrooms. The basement has several oversized egress windows. Outside... lush mature trees lend privacy to a large backyard. The backyard is fully fenced + a separate fenced garden for growing vegetables + an Oversized Gardener's Shed. Large Pie-Shaped lot : 47 x 159 foot lot which pies out to 62 ft across the back ( east side is 147 ft ). The garage with a garage door opener & remote, handy mezzanine for storage + a walkout to a bonus atrium style workshop. Huge driveway fits 6 cars plus+. Excellent mechanical condition...High efficiency gas furnace & A/C in 2013, Vinyl Windows, Roof shingles approx. 10yrs, Updated Soffits & Fascia, updated garage door, updated front door. Great location close to good schools, places of worship, GO Train station, bus stop nearby, shopping, Credit River & Erindale Park, QEW, 407, 403. Fantastic value and huge opportunity !

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,409
Lot Size47 ft x 146 ft
mls© NumberW13667482
Listed ByRE/MAX REAL ESTATE CENTRE INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$5,113
Property tax
$617
Heat allowance
$150
Housing costs
$5,881 / mo

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

Down payment20% · $199,800
25-yr amortization

Income needed

$181,000

gross annual household income

Payment at 4%
$4,204 / mo
Cash down
$199,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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