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New5 hours ago

1615 Portsmouth Place

East Credit, Mississauga

$2,399,999

Detached|2-Storey
4 | 6 | 9
About this home

LEGAL BASEMENT APARTMENT! Welcome to 1615 Portsmouth Pl, an exceptional 4-bedroom detached home on a premium oversized lot in desirable East Credit. Offering approx. 5,000 sq. ft. of living space, this spacious home features hardwood floors, crown moulding & adjustable LED pot lights. The main level offers separate living & dining rooms, family room, private office with French doors & a spacious kitchen with S/S appliances, centre island & ample cabinetry. Upstairs, the primary bedroom features a W/I closet & 5-pc ensuite, while the 2nd bedroom has its own 4-pc ensuite. Two additional bedrooms & a versatile den complete the upper level. LEGAL BASEMENT APARTMENT with separate entrance features 3 bedrooms, 2 full baths, den, kitchen & living area-ideal for extended family or potential rental income. Rare 3-CAR ATTACHED GARAGE + 6-car driveway parking. Prime location near Heartland Town Centre, Ridgway Plaza, Erin Mills Town Centre, Streetsville, schools, parks, transit & Hwys 401, 403 & 407. A rare opportunity offering exceptional space, versatility, income potential & abundant parking!

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age16-30
Size3000-3500 sq. ft.
Property Tax$12,369
Lot Size123.14 ft x 159.12 ft
mls© NumberW14152860
Listed ByRE/MAX OPTIMUM REALTY

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%
$12,284
Property tax
$1,031
Heat allowance
$150
Housing costs
$13,465 / mo

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

Down payment20% · $480,000
25-yr amortization

Income needed

$414,000

gross annual household income

Payment at 4%
$10,100 / mo
Cash down
$480,000

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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