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C$1,750,000

reducedC$

2082 Shawanaga Tr, Mississauga, Ontario, L5H 3G5

bedrooms 4 Bedroom
|
washrooms 5 Bathroom
|
garages 2 Garage

MLS - #W12023804

FOR Sale

Description

Exquisite Home in Prestigious Mississauga Road Neighbourhood! Nestled in the highly coveted Mississauga Road community, this stunning property is surrounded by multi-million dollar estates, offering unparalleled elegance and exclusivity. Set back deep on an extra-wide lot with 152 feet of depth, this home boasts exceptional curb appeal, a treed, wooded setting, and a beautifully landscaped backyard with a patio perfect for outdoor entertaining. Step inside to discover a bright and airy interior with expansive windows spanning 35 feet across the back, flooding the main floor with natural light. The spacious primary bedroom on the main level features a walk-in closet, an additional double closet, and a luxurious 4-piece ensuite with a soaker tub. The gourmet kitchen is a chefs dream, complete with a centre island with granite counters and a gas cooktop, built-in appliances, and a large breakfast area overlooking the family and dining rooms. The sunken family room with a fireplace provides a warm and inviting atmosphere, ideal for relaxing or entertaining. Large living area with wood burning fireplace, and crown mouldings and a formal dining area with pocket doors just off the kitchen. Upstairs, a second primary bedroom awaits, complete with vaulted ceilings, a skylight, and a private 2-piece ensuite. Two additional bedrooms offer charm and comfort, one featuring vaulted ceilings, skylight, fireplace & a large soaker tub.The finished basement adds incredible versatility with hardwood floors, a spacious recreation room, a workshop area, 3 large additional rooms, a 3 piece bath & ample storage space including a huge cold room. Whether you envision a home gym, office, or entertainment space, the possibilities are endless! This is your chance to own a distinguished home in one of the most sought-after neighbourhoods off of Mississauga Road! Conveniently located close to all major highways, hospitals, trails, parks and ravines, and just minutes to Toronto Pearson Airport!

Last check for updates

Property type

Detached

Style

2-Storey

Community

Sheridan

Lot size

9,636 Sqft

Garage spaces

2

Home Overview

Basement information

Finished, Full

Virtual tour

Mls® #

W12023804

Building size

2500-3000

Status

Active

Property sub type

Taxes

$7,062

Tax year

2024

Maintenance fee

N/A

Year built

2024

Interior

# total bathrooms

5

# Full baths

5

# of above grade bedrooms

4

# of rooms

14

Family room available

Yes

Laundry information

Exterior

Construction materials

Brick

Other structures

Garden Shed

# garage spaces

2

# parking spaces

8

Garage features

Attached

Has basement (y/n)

Yes

Has garage (y/n)

Yes

Drive

Amenities / Utilities

Cooling

Central Air

Heat source

Gas

Heat type

Forced Air

Sewers

Sewers

Location

Water source

Municipal

Area

Peel

Community

Sheridan

Community features

Fenced Yard, Hospital, Library, Park, Ravine, Wooded/Treed

Directions

Mississauga Road & Shawanaga Trail

walking  Walk Score for 2082 Shawanaga Tr

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Steps to calculate your payments using a mortgage calculator

1. Determine the purchase price of the home.

2. Calculate the down payment (usually 5-20% of the purchase price in Canada).

3. Subtract the down payment from the purchase price to get the mortgage amount.

4. Choose a mortgage term (typically 5 years in Canada) and amortization period (usually 25-30 years).

5. Determine the interest rate (check current rates from Canadian lenders).

6. Use a mortgage calculator or formula to determine the monthly payment based on the mortgage amount, interest rate, and amortization period.

7. Factor in additional costs like property taxes, home insurance, and possibly mortgage insurance if the down payment is less than 20%.

8. Consider the impact of making accelerated bi-weekly payments instead of monthly payments to pay off the mortgage faster.

9. Review the total interest paid over the life of the mortgage.

10. Ensure the monthly payments fit within your budget, typically not exceeding 32% of your gross monthly income for housing costs.

Terms Explained

Home Value: The current market value or purchase price of the property.

Down Payment: The initial upfront portion of the total home purchase price paid by the buyer.

Mortgage Amount: The amount borrowed from a lender to purchase the home (Home Value minus Down Payment).

Interest Rate: The percentage charged by the lender for borrowing the money, usually expressed as an annual rate.

Mortgage Term: The length of time your mortgage agreement and interest rate are in effect (typically 1-5 years in Canada).

Amortization Period: The total length of time it will take to pay off the entire mortgage (usually 25-30 years in Canada).

Monthly Payment: The amount paid each month towards the mortgage, including principal and interest.

Principal: The original amount borrowed, which decreases as payments are made.

CMHC Insurance: Mortgage default insurance required for down payments less than 20% of the home's value.

Property Taxes: Annual taxes levied by local governments based on the property's assessed value.

Home Insurance: Coverage to protect the property against damage or loss.

Land Transfer Tax: A tax paid to the provincial government when purchasing a property.

Closing Costs: Additional expenses incurred when finalizing a home purchase (legal fees, inspections, etc.).

Prepayment Privileges: Options to pay extra towards the mortgage without penalties.

Fixed Rate Mortgage: A mortgage where the interest rate remains constant for the term.

Variable Rate Mortgage: A mortgage where the interest rate can fluctuate based on the prime rate.

Refinancing: The process of replacing an existing mortgage with a new one, often to take advantage of better terms or rates.

These terms are commonly used in mortgage calculations and discussions about home financing in Canada.
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