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Malton, Mississauga
$869,999
This spacious and well-maintained detached backsplit is ideally situated in the heart of Malton, offering a great combination of comfort, convenience, and income potential. The property features a bright and functional layout with two kitchens, two laundry areas, ample parking, and a separate entrance to the basement apartment, making it an excellent option for a large or extended family. The basement apartment provides an opportunity for additional rental income of approximately $1,300 to $1,600 per month, helping to offset mortgage expenses. The home is conveniently located within walking distance to schools, recreation facilities, shopping, and public transit. Recent improvements include newer windows and roof, and all existing appliances and the gazebo are included with the property. Overall, this property offers a combination of spacious living, excellent location, and potential rental income, making it a great opportunity for the buyer.
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| Type | Detached |
| Style | Backsplit 4 |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $5,004 |
| Lot Size | 55 ft x 86 ft |
| mls© Number | W13779958 |
| Listed By | HOMELIFE SILVERCITY REALTY 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%
- $4,453
- Property tax
- $417
- Heat allowance
- $150
- Housing costs
- $5,020 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$154,000
gross annual household income
- Payment at 4%
- $3,661 / mo
- Cash down
- $174,000
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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