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Listed 22 days ago

5827 Rainspring Drive

Churchill Meadows, Mississauga

$1,188,000

Detached|2-Storey
4 | 3 | 3
About this home

Located in the highly desirable city of Mississauga, this extensively upgraded detached home offers a rare opportunity in a high-demand, family-friendly neighbourhood.Featuring 4 spacious bedrooms and 3 bathrooms, the home delivers a highly functional layout ideal for growing families or professionals in need of additional living and work-from-home space.The main level showcases engineered hardwood flooring throughout and an elegant oak staircase with iron pickets, both completed in 2021, creating a cohesive, modern, and timeless aesthetic. The bright, open-concept layout enhances everyday living and entertaining.The kitchen was fully updated in 2021 with modern cabinetry and tile flooring, offering both style and practicality for daily use.Numerous major upgrades provide peace of mind, including a new furnace, air conditioner, and high-efficiency tankless electric hot water heater (2023 & Owned), as well as a newly replaced entry door (2022), improving both efficiency and curb appeal.Step outside to a professionally finished interlocked backyard (2022), designed for low maintenance and perfect for outdoor gatherings, relaxation, or family enjoyment.Conveniently located close to schools, parks, shopping, and major highways, this home offers exceptional lifestyle convenience and long-term value in one of Mississauga's most sought-after communities.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$7,041
Lot Size36.09 ft x 85.3 ft
mls© NumberW13564050
Listed ByREAL ONE REALTY INC.

Listing History

  • No recent sale history for this listing.
  • 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%
$6,081
Property tax
$587
Heat allowance
$150
Housing costs
$6,817 / mo

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

Down payment20% · $237,600
25-yr amortization

Income needed

$210,000

gross annual household income

Payment at 4%
$4,999 / mo
Cash down
$237,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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