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New3 hours ago

280 King Andrew Drive

Rathwood, Mississauga

$1,249,000

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

Excellent Opportuinty to Purchase a spacious 4 Bedroom approiximately 2200 sq ft 2-Storey Home on a quiet Cul de Sac (Court). ****Magnificent Huge Private 1/4 Acre lot****Backs on to a lush Natural wooded Greenbelt in the heart of Mississauga**** Steps to Public Transit. Close vicinity to main HWY 403 and walking distance to Square One Shopping Mall, City Hall, Library, Living Arts Centre & Celebration Square. Close to Schools, Parks and Hospital. Basement is partially finished. ** Please note that the garage has been converted to an office and handy work area but can easily be converted back to a double garage. ** Alarm System monitored by Telus Cameras, Motion Detectors, Most Doors Monitored. Immediate Possession Desired but flexible closing is possible.

Extras

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Got questions?

Contact Angela directly.

agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$9,065
Lot Size32.56 ft x 164.79 ft
mls© NumberW13692486
Listed ByROMULUS REALTY 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%
$6,393
Property tax
$755
Heat allowance
$150
Housing costs
$7,298 / mo

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

Down payment20% · $249,800
25-yr amortization

Income needed

$225,000

gross annual household income

Payment at 4%
$5,256 / mo
Cash down
$249,800

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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