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New4 hours ago

1577 Thompson Street

Erindale, Mississauga

$1,299,000

Detached|Backsplit 4
4 | 4 | 8
About this home

Welcome to this spacious family home, privately nestled among mature trees on an expansive 49x197-foot lot in an upscale unique community surrounded by multi-million-dollar residences. Excellent builder and family oportunity. The thoughtfully designed layout features four generous bedrooms, including two with ensuites, lower bedroom can be an office or primary, an eat-in kitchen, and open-concept living and dining rooms. The grand family room offers a fireplace and walkout access to the sun-filled yard, creating an ideal setting for everyday living and entertaining. The lower level includes a recreation room with a built-in bar, along with a dedicated workroom. Ideally situated between Credit Valley and Mississauga Golf & Country Clubs, this home is within walking distance of the University of Toronto, restaurants, plazas, schools, public transit, breathtaking Erindale Park, and the Culham Trail. Enjoy convenient access to the airport and downtown, both just minutes away.

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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
StyleBacksplit 4
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$10,640
Lot Size49.07 ft x 197.33 ft
mls© NumberW13801776
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

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%
$6,649
Property tax
$887
Heat allowance
$150
Housing costs
$7,686 / mo

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

Down payment20% · $259,800
25-yr amortization

Income needed

$236,000

gross annual household income

Payment at 4%
$5,466 / mo
Cash down
$259,800

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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