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New2 hours ago

5186 Elmridge Drive

Central Erin Mills, Mississauga

$2,000,000

Detached|2-Storey
4 | 3 | 6
About this home

Situated on one of the most prestigious streets along Mississauga Road, this solid brick two-storey residence offers timeless charm and exceptional potential in a highly sought-after neighbourhood where homes rarely become available. Boasting nearly 3,500 sq. ft. of living space, this spacious home features four generously sized bedrooms, 2.5 bathrooms, a custom kitchen, and an inviting family room with a fireplace. Granite and marble flooring enhance the foyer and main floor, while a dedicated main-floor office provides the perfect space for working from home. The private driveway accommodates up to six vehicles. Surrounded by prestigious schools and lush greenery, the property enjoys convenient access to Erin Mills Town Centre, major transit routes, hospitals, and an array of premier shopping and amenities.

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agent
Macallum Tepsich
(647) 326-2579
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3000-3500 sq. ft.
Property Tax$12,324
Lot Size59.64 ft x 137.66 ft
mls© NumberW14149750
Listed ByFORESTWOOD REAL ESTATE 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%
$10,237
Property tax
$1,027
Heat allowance
$150
Housing costs
$11,414 / mo

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

Down payment20% · $400,000
25-yr amortization

Income needed

$351,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$400,000

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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