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Listed 3 months ago

816 Willowbank Trail

Rathwood, Mississauga

$1,290,000

Detached|Backsplit 5
4 | 4 | 6
About this home

Spacious 5-level backsplit offering flexible living in one of Mississauga's most sought-after communities. With multiple living areas, 5 bedrooms, 4 bathrooms, and a separate side entrance, this home is ideal for multigenerational families or savvy investors looking to unlock its potential. Original finishes throughout including classic parquet floors that offer a blank canvas for your personal touch. The open-concept layout, eat-in kitchen with walkout to side deck, and backyard access from the living room create a functional flow for everyday living. The lower level features a bright, open-concept kitchen and living area, plus a bedroom and 3-piece bath, all accessible via a separate side entrance, offering privacy and in-law capability (buyer to verify zoning and permits). Located in family-friendly Rathwood, close to top schools, parks, and transit. A rare opportunity to customize a generously sized home in a prime location.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBacksplit 5
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$8,095
Lot Size50.03 ft x 120.08 ft
mls© NumberW13098914
Listed ByCENTURY 21 INNOVATIVE 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%
$6,603
Property tax
$675
Heat allowance
$150
Housing costs
$7,427 / mo

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

Down payment20% · $258,000
25-yr amortization

Income needed

$229,000

gross annual household income

Payment at 4%
$5,429 / mo
Cash down
$258,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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