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Listed 2 months ago

709 Queensway N/A W

Erindale, Mississauga

$2,099,000

Detached|2-Storey
9 | 5 | 15
About this home

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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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style2-Storey
Approx. Age51-99
Size3500-5000 sq. ft.
Property Tax$11,755
Lot Size80 ft x 170 ft
mls© NumberW13443270
Listed ByRE/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.

Down payment20% · $419,800
25-yr amortization

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 check

Investment Analysis

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