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Price Change$499,999

115 - 1055 A Forestwood Drive

Erindale, Mississauga

$484,000

Condo Townhouse |
3 | 2 | 2 | 0
About this home

Attention First-Time Buyers & Smart Investors! 2 PARKING SPOTS AVAILABLE! HEAT AND WATER INCLUDED! STATUS CERTIFICATE AVAILABLE. Why rent when you can own this beautifully maintained and spacious 3+1 bedroom stacked townhouse in the heart of Mississauga's sought-after Erindale community! This rare 3 STOREY WITH FINISHED BASEMENT corner unit offers incredible value with over 1200 sq ft of functional living space, an open-concept layout, and a finished lower level perfect for a 4th bedroom, home office, or rec room. Bright and inviting throughout, this home features updated light fixtures, large windows, ensuite laundry, a spacious primary bedroom, and a walk-out to a private patio area ideal for relaxing or entertaining. The functional kitchen offers ceramic flooring, backsplash, and ample storage, while the generous layout makes this property ideal for families, young professionals, or tenants alike. Conveniently located close to schools, shopping, transit, parks, UTM, major highways (403/QEW/401), and everyday amenities. Maintenance fees include HEAT, WATER, parking, building insurance, and common elements for added value and peace of mind. An incredible opportunity to enter the market or add a strong rental property to your portfolio at an attractive price point. Don't miss this one!

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Townhouse
StyleMulti-Level
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$1,014
LockerNone
BalconyNone
ExposureSouth
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$2,306
mls© NumberW13177828
Listed ByTHE CANADIAN HOME REALTY INC.
Building Insurance Included
Common Elements Included
Heat Included
Parking Included
Water Included

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%
$2,477
Property tax
$192
Heat allowance
$150
Condo fees, half counted
$507
Housing costs
$3,327 / mo

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

Down payment20% · $96,800
25-yr amortization

Income needed

$102,000

gross annual household income

Payment at 4%
$2,037 / mo
Cash down
$96,800

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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