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Erindale, Mississauga
$2,099,000
Great Income Property or Perfect for an Extended Family!Situated on a premium 80' x 170' lot in the highly desirable Gordon Woods area, this unique 9+1 bedroom detached home offers exceptional flexibility for investors, developers, or multi-generational living. Featuring 3 separate entrances (one on each level), the original raised bungalow boasts 9' vaulted ceilings, while the upper-level addition (built in 1987) adds 5 bedrooms, 3 bathrooms, a spacious family room with 15' vaulted ceilings, a large kitchen, and a 30-foot deck overlooking the expansive backyard.Attention Investors & Developers: Rare opportunity with potential for lot severance into two residential lots (buyer to conduct their own due diligence and verify with the municipality), offering excellent future redevelopment potential.Conveniently located with easy access to major highways, hospitals, schools, parks, and amenities.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 3500-5000 sq. ft. |
| Property Tax | $11,755 |
| Lot Size | 80 ft x 170 ft |
| mls© Number | W13443270 |
| Listed By | RE/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%
- $10,744
- Property tax
- $980
- Heat allowance
- $150
- Housing costs
- $11,873 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$365,000
gross annual household income
- Payment at 4%
- $8,833 / mo
- Cash down
- $419,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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