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Cooksville, Mississauga
$1,349,900
All brick bungalow in one of Mississauga's most desired enclaves! 3214 Parkerhill Road is a well maintained property offering 3,699 square feet of total living area with 3 bedrooms, 2 bathrooms, and a highly functional floorplan. The crown jewel of this property is its massive, oversized lot measuring an impressive 74.5 ft x 293 ft, with potential rear access from Rolling Stone Court. Ample exterior storage space, great for business owners or large families. Perfect for multi-generational living or rental capability, the home boasts a separate second entrance, ideal for a nanny or in-law suite. Enjoy the perfect blend of neighborhood tranquility and urban convenience, located just minutes from schools, parks, shopping, the Cooksville GO station, the future LRT, and the 403/QEW.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,909
- Property tax
- $677
- Heat allowance
- $150
- Housing costs
- $7,737 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$238,000
gross annual household income
- Payment at 4%
- $5,681 / mo
- Cash down
- $269,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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