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New3 hours ago

1633 Warren Drive

Rathwood, Mississauga

$1,049,999

Semi-Detached |Backsplit 5
4 | 2 | 3
About this home

A unique opportunity for investors, renovators and those looking to make a home their own! Rarely offered in the highly desired Rathwood community, this spacious semi-detached backsplit has been lovingly maintained by its original owners and offers exceptional flexibility for families, multi-generational living or investors seeking income potential. Ideally located on a quiet, established street close to schools, public transit and the Etobicoke border, this 4-bedroom, 2-bath home provides an excellent opportunity to live in, renovate and customize, or create a property with income-generating potential. The main level features a spacious eat-in kitchen and a generous living/dining room combination with walkout to a balcony-perfect for morning coffee or evening drinks. The upper level offers three spacious bedrooms and a large family bathroom. The ground level adds a large family room with walkout to the expansive backyard, a fourth bedroom (or office) and a renovated second bathroom, providing an ideal configuration for a private lower living area. The lower level offers an exceptionally versatile space with the potential to create a second kitchen, along with convenient access to the front driveway-an attractive opportunity for those looking to establish a separate living area or potential rental suite. An additional basement level provides abundant storage and further development possibilities. A rare opportunity to unlock the full potential of a well-maintained home in one of Mississauga's most sought-after neighbourhoods. Ideal for families looking for additional living space, multi-generational households or investors seeking the opportunity to create a potential income-producing property.

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agent
Jonathan Lee
(647) 983-0770
TypeSemi-Detached
StyleBacksplit 5
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$6,886
Lot Size30.1 ft x 125 ft
mls© NumberW13791768
Listed ByROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST

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%
$5,374
Property tax
$574
Heat allowance
$150
Housing costs
$6,098 / mo

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

Down payment20% · $210,000
25-yr amortization

Income needed

$188,000

gross annual household income

Payment at 4%
$4,419 / mo
Cash down
$210,000

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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