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New3 hours ago

3367 The Credit Wood

Erindale, Mississauga

$899,900

Semi-Detached |Bungalow
3 | 3 | 7
About this home

Exceptional Investment & Multi-Generational Opportunity in Prime Erindale! Welcome to this beautifully updated detached bungalow offering outstanding versatility and high-yield income potential directly adjacent to the University of Toronto Mississauga (UTM). The main level features a bright, functional layout with three spacious bedrooms, two fully renovated brand-new full bathrooms, fresh paint throughout, and updated electrical outlets and light switches. The fully self-contained basement apartment boasts a separate private entrance, three bedrooms, a full kitchen, a full bathroom, and dedicated in-suite laundry-ideal for living upstairs while generating $2,500 to $3,000/month in basement rent, or leveraging UTM proximity for room-by-room student leasing yielding up to $6,000/month gross income. Step outside to a generous private backyard and a massive detached garage featuring a brand-new garage door and fresh paint. Complete with driveway parking for up to six vehicles, this turn-key property is steps from MiWay bus routes, minutes to Erindale GO Station, and offers fast connectivity to Highways 403, 401, and the QEW. Unbeatable location close to Westdale Mall, Square One Shopping Centre, local grocery stores, top-rated schools, and scenic trails along the Credit River! Some photos in this listing have been virtually staged

Extras

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeSemi-Detached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$5,407
Lot Size33.5 ft x 120 ft
mls© NumberW13665214
Listed ByHOMELIFE/MIRACLE REALTY LTD

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%
$4,606
Property tax
$451
Heat allowance
$150
Housing costs
$5,207 / mo

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

Down payment20% · $179,980
25-yr amortization

Income needed

$160,000

gross annual household income

Payment at 4%
$3,787 / mo
Cash down
$179,980

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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