$2.50M · 5+2 bed Detached · Erin Mills, Mississauga

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About this home

Upscale modern living backing onto breathtaking Mullet Creek & Credit River natural sanctuary. Brilliant open design featuring contemporary 2 story entry, open stairs, glass doors & walls, skylights, sleek open kitchen, posh primary ensuite & mega closet. Perfect for large family + work from home with 5+2 bdrms, 5 baths + office. Elegantly finished with inspiring natural wood & oversized porcelain tile floors. Spacious & open finished lower level with full bath, gas fireplaces, chill & gym zon…

Property details

MLS#

W13012482

Status

Buy Now

Beds

5+2

Baths

5 full, 0 half

Size

3000-3500

Style

2-Storey

Type

Detached

Year built

—

Roof: Shingles
Foundation: Concrete

Garage: 2-car Attached
Garage spaces: 2
Parking: 6 total
Lot: 60.99 × 132.68
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick, Concrete
Fronting on: South
Cross street: Mississauga Rd and Burhamthorpe Rd
Basement: Finished
Stories: —
Utilities: —
Laundry: —
Interior: Carpet Free, In-Law Capability
Parking features: Private Double

Rooms

Level	Room	Dimensions
Main	Living Room	3.6m × 10.19m
Main	Dining Room	2.68m × 3.61m
Main	Family Room	3.52m × 6.1m
Main	Kitchen	3.62m × 5.15m
Main	Laundry	3.53m × 3.74m
Upper	Primary Bedroom	3.53m × 7.5m
Upper	Bedroom 2	3.51m × 4.83m
Upper	Bedroom 3	3.45m × 3.43m
Upper	Bedroom 4	3.16m × 3.66m
Upper	Study	3.96m × 3.67m
Lower	Recreation	7m × 7.39m
Lower	Bedroom	3.49m × 4.23m
Lower	Bedroom	3.49m × 4.52m
—	—	—

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $2,499,000✓ $16,749 tax✓ Gas✓ 3000-3500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$18,079/mo

incl. closing costs (yr 1)

Annual total

$216,944

year 1

Mortgage only

$9,480/mo

principal + interest

Beyond mortgage

$4,061/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$499,800

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,396/mo

Utilities

Hydro / electricity$228/mo

≈ $0.07/ft² × ~3,250 ft² · ON avg ~$228/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$24,990/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$48,950

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)52% $113,765/yr

Property taxes30% $65,699/yr

Utilities3% $5,790/yr

Insurance & security1% $1,600/yr

Maintenance12% $24,990/yr

Closing costs2% $5,100/yr

Mortgage is 52% of your true cost of ownership. The other 48% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$113,765	$9,480/mo
Government & taxes
Property tax	$16,749	$1,396/mo
Land transfer tax(closing)	$48,950	$4,079/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$2,730	$228/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$24,990	$2,083/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$216,944	$18,079/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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1670 Caverly Court

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs