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New5 hours ago

1548 Carolyn Road

East Credit, Mississauga

$1,599,999

Detached|Bungalow-Raised
2 | 2 | 12
About this home

Build Your Dream Home! a rare 300-Foot-Deep Ravine Lot in Prestigious Streetsville - One of the last remaining opportunities in Mississauga to own an exceptionally deep lot in the highly sought-after Streetsville area, just steps from the scenic Credit River.Build your custom 5,000 sq. ft.+++ dream home on this spectacular private ravine property, surrounded by multi-million-dollar residences and backing onto conservation and untouched natural beauty. Enjoy unparalleled privacy, mature trees and a truly paradise-like backyard.The existing spacious raised bungalow offers tremendous potential, featuring a separate entrance and walk-out to the deep backyard, making it ideal for renovation, expansion or redevelopment.Perfectly located close to Streetsville Village, Credit River, shopping, restaurants, schools, public transit and major highways, while offering the tranquility of a private ravine setting.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow-Raised
Approx. Age51-99
Size1500-2000 sq. ft.
Property Tax$8,043
Lot Size60.09 ft x 299.1 ft
mls© NumberW13725600
Listed ByRE/MAX GOLD REALTY INC.

Listing History

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$8,087
Property tax
$670
Heat allowance
$150
Housing costs
$8,907 / mo

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

Down payment21% · $336,000
25-yr amortization

Income needed

$274,000

gross annual household income

Payment at 4%
$6,649 / mo
Cash down
$336,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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