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Erindale, Mississauga
$899,900
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
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| Type | Semi-Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $5,407 |
| Lot Size | 33.5 ft x 120 ft |
| mls© Number | W13665214 |
| Listed By | HOMELIFE/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.
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 checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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