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Rathwood, Mississauga
$1,049,999
A unique opportunity for investors, renovators and those looking to make a home their own! Rarely offered in the highly desired Rathwood community, this spacious semi-detached backsplit has been lovingly maintained by its original owners and offers exceptional flexibility for families, multi-generational living or investors seeking income potential. Ideally located on a quiet, established street close to schools, public transit and the Etobicoke border, this 4-bedroom, 2-bath home provides an excellent opportunity to live in, renovate and customize, or create a property with income-generating potential. The main level features a spacious eat-in kitchen and a generous living/dining room combination with walkout to a balcony-perfect for morning coffee or evening drinks. The upper level offers three spacious bedrooms and a large family bathroom. The ground level adds a large family room with walkout to the expansive backyard, a fourth bedroom (or office) and a renovated second bathroom, providing an ideal configuration for a private lower living area. The lower level offers an exceptionally versatile space with the potential to create a second kitchen, along with convenient access to the front driveway-an attractive opportunity for those looking to establish a separate living area or potential rental suite. An additional basement level provides abundant storage and further development possibilities. A rare opportunity to unlock the full potential of a well-maintained home in one of Mississauga's most sought-after neighbourhoods. Ideal for families looking for additional living space, multi-generational households or investors seeking the opportunity to create a potential income-producing property.
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| Type | Semi-Detached |
| Style | Backsplit 5 |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,886 |
| Lot Size | 30.1 ft x 125 ft |
| mls© Number | W13791768 |
| Listed By | ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,374
- Property tax
- $574
- Heat allowance
- $150
- Housing costs
- $6,098 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$188,000
gross annual household income
- Payment at 4%
- $4,419 / mo
- Cash down
- $210,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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