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New2 hours ago

2898 Rainwater Drive

Meadowvale, Mississauga

$1,245,000

Detached|2-Storey
4 | 3 | 6
About this home

Welcome to 2898 Rainwater Dr - a move-in-ready Meadowvale gem with space, style and an incredible private backyard! This beautifully maintained 4-bedroom, 3-bathroom home offers approx. 2,200 sq ft plus a bright, finished basement, making it ideal for growing families.Step inside to a warm, inviting main floor with hardwood throughout, an upgraded eat-in kitchen featuring soft-close cabinetry and island, and a spacious open-concept family room with wood-burning fireplace and walkouts to the beautifully landscaped backyard. Separate living and dining areas provide plenty of room to entertain.Upstairs, the generous primary suite features a wall-to-wall double closet and stunning renovated 5-piece ensuite with double vanity, freestanding soaker tub and separate shower. Three additional bedrooms and an upgraded main bath complete the second floor.The finished basement adds fantastic bonus space for movie nights, kids, guests, hobbies or a home office, plus ample storage.Enjoy the large, private, beautifully landscaped backyard - your own peaceful outdoor retreat. Located in a wonderful, established neighbourhood known for its great community feel and friendly neighbours. Conveniently close to schools, parks, GO Transit, public transit, shopping, major highways and everyday amenities.A fantastic opportunity to own a lovingly cared-for home with an extensive list of updates, a functional family-friendly layout, and a private backyard. Move-in ready and ready to welcome its next family!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. Age31-50
Size2000-2500 sq. ft.
Property Tax$7,082
Lot Size36.15 ft x 115.01 ft
mls© NumberW13801022
Listed ByCENTURY 21 ASSOCIATES 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%
$6,372
Property tax
$590
Heat allowance
$150
Housing costs
$7,113 / mo

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

Down payment20% · $249,000
25-yr amortization

Income needed

$219,000

gross annual household income

Payment at 4%
$5,239 / mo
Cash down
$249,000

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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