5128 Elderview Court
Central Erin Mills, Mississauga
$2,799,000
Rare Gem - One-of-a-Kind Luxury Oasis Stunning 4-bedroom home about almost 6,000 of Living Space located at the end of a quiet cul- de-sac on a rare, Just Under An Acre Of A Diamond Shape Lot. Pride of ownership is evident throughout with upgrades including a custom luxury front double door, elegant interlock, and sprinkler system. Enjoy a private, resort-style backyard with professional landscaping, a recently updated custom inground pool, outdoor fireplace, and gazebo-perfect for entertaining. Bonus: City-approved coach house potential, ideal for extended family or future income.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $14,327
- Property tax
- $1,683
- Heat allowance
- $150
- Housing costs
- $16,160 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$497,000
gross annual household income
- Payment at 4%
- $11,779 / mo
- Cash down
- $559,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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