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Sheridan, Mississauga
$1,499,000
Welcome to prestigious Sherwood Forrest! Nestled on a premium lot backing onto beautiful parkland, this impressive 4-bedroom family home offers 3,542 sq. ft. above grade (per MPAC) of exceptional living space! A grand entrance with sweeping curved staircase sets the tone for this freshly painted home, featuring soaring ceilings, spacious principal rooms and a wonderful layout for family living and entertaining. The dramatic living room boasts a soaring ceiling and lovely garden views, while the formal dining room with French doors is perfect for special gatherings. An expansive, family-sized kitchen features a generous breakfast area surrounded by elegant bow windows overlooking lush gardens, with a walkout to the patio, complete with a motorized retractable awning for comfortable outdoor enjoyment. The adjoining family room with fireplace and classic wainscoting creates a warm, welcoming space. A main-floor office, renovated 3-piece bathroom and convenient laundry room with garage access complete the main level. Upstairs, the spacious primary retreat offers double-door entry, his-and-hers walk-in closets and a 5-piece ensuite. Three additional generously sized bedrooms include an oversized second bedroom with walk-in closet and semi-ensuite access. The largely unfinished basement offers tremendous potential to customize to your needs. Beautiful curb appeal, professionally landscaped gardens, double garage, roof replaced in 2020 and emergency backup generator add to the appeal. Ideally located near excellent schools, parks, trails, shopping, Clarkson GO, major highways, recreation facilities and UTM. A wonderful opportunity to personalize a spacious family home in one of Mississauga's most sought-after neighborhoods. Exceptional space in an outstanding setting!
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,673
- Property tax
- $931
- Heat allowance
- $150
- Housing costs
- $8,753 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$269,000
gross annual household income
- Payment at 4%
- $6,308 / mo
- Cash down
- $299,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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