3185 Innisdale Road
Meadowvale, Mississauga
$1,489,000
Exceptional home with many recent upgrades: brand new Kitchen, new windows, new backyard sliding glass door and main entrance doors, new furnace and air conditioning, tankless water heater, new outdoor gemstone lights hub2 for permanent seasonal lighting, washrooms recently renovated, extensive landscaping with new backyard renovation including new fence, deck and fire pit, new driveway, new garage doors* huge primary bedroom with luxurious ensuite bath* Home is 2,550 sq feet with 4 large bedrooms* EV Tesla charger installed*
No extras listed.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,621
- Property tax
- $676
- Heat allowance
- $150
- Housing costs
- $8,448 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$260,000
gross annual household income
- Payment at 4%
- $6,266 / mo
- Cash down
- $297,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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