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New3 hours ago

476 Michelle Row

Mississauga Valleys, Mississauga

$1,049,000

Detached|Backsplit 4
3 | 2 | 4
About this home

Lovingly maintained by the same family since 1978, this detached four-level back-split sits on a quiet street in Mississauga Valleys, on a 50 x 120 ft lot backing onto green space, and offers 2,436 sq ft of finished living space with 4 bedrooms and 2 full bathrooms. The main level features a bright living and dining room with hardwood floors and an eat-in kitchen with a separate breakfast nook and built-in desk. Off the dining area, a 17 ft sunroom opens to the patio and fenced rear garden, overlooking trees and open lawn rather than neighbours. Upstairs, three bedrooms, strip hardwood, and the main bathroom. The family room level offers a 20 ft family room anchored by a brick wood-burning fireplace, a fourth bedroom or office, a second full bathroom and a separate rear entrance. Below, a 24 ft recreation room with a wet bar, kitchenette, and laundry offers excellent in-law or second-suite potential. Attached double garage with parking for 4 in total. Some windows and doors updated. Minutes to Square One, Celebration Square, Cooksville GO, MiWay transit and Highway 403, with Mississauga Valley Park, the community centre and the library close by. A well-planned family home with room on every level, ready for its next chapter.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
StyleBacksplit 4
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,320
Lot Size50.07 ft x 120.16 ft
mls© NumberW14092736
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

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%
$5,369
Property tax
$610
Heat allowance
$150
Housing costs
$6,129 / mo

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

Down payment20% · $209,800
25-yr amortization

Income needed

$189,000

gross annual household income

Payment at 4%
$4,414 / mo
Cash down
$209,800

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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