$1,180,000

For sale

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3324 Strabane Drive, Mississauga (Erindale) - Single Family for Sale

3324 Strabane Drive, Mississauga (Erindale), Ontario, L5C1W7

6 beds4 baths4 parking ft²

3567 Queenston Drive, Mississauga (Erindale), Ontario, L5C2G8

4 bd2 ba4 pk900 ft²Lot size 31 × 135 ft (4,158 sq ft)

1323 Shamir Crescent, Mississauga (Erindale), Ontario, L5C1L2

5 bd3 ba6 pk1,750 ft²Lot size 51 × 120 ft (6,120 sq ft)

Listed by DREAM HOME REALTY INC.

2339 Glengarry Road, Mississauga (Erindale), Ontario, L5C1Y1

For sale

7 days ago

$2.90M

2339 Glengarry Road, Mississauga (Erindale), Ontario, L5C1Y1

6 bd6 ba12 pk4,250 ft²Lot size 74 × 180 ft (13,266 sq ft)

Listed by SAM MCDADI REAL ESTATE INC.

2501 Chisholm Avenue, Mississauga (Erindale), Ontario, L5C3C1

For sale

7 days ago

$1.45M

2501 Chisholm Avenue, Mississauga (Erindale), Ontario, L5C3C1

4 bd4 ba4 pk2,250 ft²Lot size 50 × 120 ft (6,000 sq ft)

Listed by Century 21 Miller Real Estate Ltd.

Investment analysis

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$1,180,000

Mississauga

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Overview

This 6-bedroom, 4-bathroom home in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $1,180,000, it is attractively priced about 20% below the $1,475,000 median asking price in Mississauga. It has been on the market 43 days, fresher than the Mississauga average of 50 days.

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Description

Great Income Property with 4 Potential Units!Excellent investment opportunity featuring four potential units, each with a separate entrance. The property is currently rented for $7,250/month and offers excellent flexibility for investors or multi-generational living.Features include 4 bathrooms, up to 4 parking spaces, a garage, and a spacious backyard backing onto a park, providing a private and peaceful setting.A property with strong income potential and multiple possibilities for future use. (id:66096)

Property Details

MLS®: W13826728
Property Type: Single Family
Zoning: Residential
Bedrooms: 6
Beds (above / below): 4 above · 2 below
Bathrooms: 4
Half Baths: 1
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 28 × 134 ft (3,712 sq ft)
Frontage: 28 ft
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Ownership: Freehold
Property Tax: $5,988/yr
Listed: 43 days ago

Rooms

Main level

Living room: 4.05 x 3.9 meters
Dining room: 3.05 x 3.9 meters
Kitchen: 5.03 x 3.5 meters

Upper Level

Primary Bedroom: 3.09 x 3.29 meters
Bedroom: 3.06 x 2.95 meters
Bedroom: 3.06 x 3 meters

Lower level

Family room: 8.09 x 3.6 meters
Bedroom: 5.8 x 2.5 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

43d

Mississauga (Erindale) listings, avg age

50d

Price / ft²

$908

List price

$1.18M

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (L5C)

This home lists at $1,180,000, about 11.6× the local median household income of $102,000.

Carrying it typically needs a household income of about $230,495 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.

Median household income: $102,000
Population: 29,284
Median age: 42.8
Owner / renter: 74% / 26%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA L5C)

$1,180,000· $908/ft²

For sale

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Full Cost Breakdown

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Down Payment7.88% · $93,000.00

Min 7.88%50%

Mortgage payment$6,027/mo

↳ CMHC premium ($43,480 capitalized)

Property tax (est.)$499/mo

Total monthly$6,526

Cash Needed to Close

Down payment (7.88%)$93,000

Land transfer tax$20,075

Est. closing costs$6,040

Total cash needed$119,115

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3324 Strabane Drive, Mississauga (Erindale) - Single Family for Sale

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Description

Property Details

Rooms

Features

Services

Market Timing

Location

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Neighbourhood profile (L5C)

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