6593 Edenwood Drive
Meadowvale, Mississauga
$1,149,000
Being sold under POWER OF SALE due to mortgage default. Located close to Meadowvale Town Centre in a family friendly mature neighborhood with walking trails, schools and easy access to hwys 401, 403 and 407. Shows well. The fully finished basement has a legal separate entrance offering potential additional income.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 31-50 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $6,017 |
| Lot Size | 56.59 ft x 119.95 ft |
| mls© Number | W13824158 |
| Listed By | RIGHT AT HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,881
- Property tax
- $501
- Heat allowance
- $150
- Housing costs
- $6,533 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$201,000
gross annual household income
- Payment at 4%
- $4,835 / mo
- Cash down
- $229,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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