2690 Innisfil Road, Mississauga, ON
Property Highlights
Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Central Erin Mills. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,449,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 7 Bedrooms and 6 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 42.75 x 126.48 ft lot
- Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient attached configuration
- Notable attributes: In-Law Suite
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Stunningly Renovated Home with Income-Generating Basement Suites. Discover this beautifully renovated residence that perfectly combines modern luxury with smart income potential.The main house has been thoughtfully and extensively renovated with high-quality finishes, contemporary design, and exceptional craftsmanship throughout. Every detail has been carefully updated, creating a bright, stylish, and move-in ready home you'll be proud to call your own.Income Opportunity:Two separate basement units are already in place and generating over $3,000 per month in combined rental income. These self-contained suites provide immediate cash flow to help offset your mortgage and expenses.Additional Features:Laundry facilities conveniently located on both the basement and upper levels. Spacious, modern living spaces throughout the renovated main home. Excellent layout ideal for families or owner-occupiers. Live in a fully renovated, move-in ready home while your tenants help pay the mortgage. This is a rare opportunity to own a turnkey property in Mississauga that offers both lifestyle and investment value.
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Pricing & Value Insights
Data-driven valuation for 2690 Innisfil Road, Mississauga, ON L5M 4J2
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About Purchasing a Home in Mississauga, ON
For a property listed at $1,449,000 in Mississauga, the legal minimum down payment is $289,800 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $25,455 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $25,455.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.