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Listed 21 days ago

2485 Council Ring Road

Erin Mills, Mississauga

$1,219,000

Detached|Bungalow-Raised
3 | 2 | 4
About this home

Welcome to this beautifully maintained detached home in one of Erin Mills' most desirable family-friendly neighbourhood. Set on a huge oversized lot of 67.73ft x 120ft.Pool size backyard. Even a possibility of building a small additional unit. Offering 3+1 bedrooms and 2 bathrooms, this home blends comfort. A welcoming foyer with a front door opens to bright, open-concept living and dining spaces featuring rich hardwood floors, pot lights, lots of sun light. Large size triple glass windows, provide excellent insulation and sunlight. The Finished Basement Includes a Separate Entrance, Offering Potential for An In-Law Suite or Income-Generating Apartment. The lower levels continue to impress with a spacious rec room and an additional games room, perfect for movie nights, hobbies, a home gym, or play space. Oversized double garage with remote door opener. Enjoy Your Private and Huge Backyard Oasis Complete with A Large Double Deck, Beautiful muture Trees, And Plenty of Green Space for Relaxing or Entertaining.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow-Raised
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,203
Lot Size67.73 ft x 120 ft
mls© NumberW13569406
Listed ByRE/MAX REALTY SPECIALISTS 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%
$6,239
Property tax
$517
Heat allowance
$150
Housing costs
$6,906 / mo

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

Down payment20% · $243,800
25-yr amortization

Income needed

$213,000

gross annual household income

Payment at 4%
$5,130 / mo
Cash down
$243,800

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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