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Listed 3 months ago

3422 Credit Heights Drive

Erindale, Mississauga

$1,390,000

Detached|Backsplit 4
4 | 3 | 6
About this home

Rare Pie-Shaped Ravine Lot in Prestigious Credit Heights! An exceptional opportunity to own a Muskoka-like setting on an oversized, premium lot backing onto the ravine with direct access to Culham Trail. This renovated home offers over 2,300 sq. ft. of beautifully updated living space, featuring a functional layout with separate living and family rooms and a walk-out to a private, mostly flat backyard-perfect for entertaining or relaxing in nature. Charming deep bay windows throughout fill the home with natural light and add timeless character. The expansive 58' x 150' lot widens to an impressive 79' at the rear. Includes 5 spacious bedrooms and a basement unit with separate entrance-ideal for extended family or income potential. A rare offering-come experience it and fall in love! Walking distance to Credit River With Beautiful Nature Trails & Greenery. Minutes To All The Amenities Including Erindale Go, Square One, Erindale Park, Utm, Hospitals, And More!

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$7,247
Lot Size58.01 ft x 150 ft
mls© NumberW13101104
Listed BySNOBAR REALTY GROUP 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%
$7,115
Property tax
$604
Heat allowance
$150
Housing costs
$7,869 / mo

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

Down payment20% · $278,000
25-yr amortization

Income needed

$242,000

gross annual household income

Payment at 4%
$5,849 / mo
Cash down
$278,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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