2502 Folkway Drive
Erin Mills, Mississauga
$999,000
Beautiful 4+2 Bedroom Family Home Nestled In The Desirable Erin Mills Neighborhood! Many Improvements Over The Years . ''Versatile basement with entertainment area plus a separate section renovated in 2024 featuring 2 bed+1 Bathroom, modern kitchen, private laundry & separate entrance. Great potential for extended family or additional rental income! "Hardwood Floor. Smooth Ceiling. Plenty of Pot lights. Modern Kitchen With Granite Counter Tops, A Large Breakfast Area Which Overlooks The In Ground Pool. Fantastic Spacious Open Concept Layout With Plenty Of Space To Entertain Family & Friends. Spacious Master Bedroom Featuring Lots Of Closet Space & A 3Pc En Suite Bath .Family Oriented Community Just Steps From Trails, Parks, Schools & Transit. Nearby Pheasant Run Park With Its Splash Pad, Skating Rink, Soccer Fields & Basketball Court Is Just Steps Away. Close To Credit Valley Hospital, Erin Mills Town Centre, Clarkson & Erindale Go Stations. Easy Access To Hwys. 403, 407 & Qew. Five Minutes Drive To the U Of T Mississauga. Don't Miss This Opportunity. Please Check It Out.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $8,235 |
| Lot Size | 50 ft x 120 ft |
| mls© Number | W13718346 |
| Listed By | MASTER`S TRUST REALTY INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,113
- Property tax
- $686
- Heat allowance
- $150
- Housing costs
- $5,950 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$183,000
gross annual household income
- Payment at 4%
- $4,204 / mo
- Cash down
- $199,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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