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Lakeview, Mississauga
$1,499,850
An Exceptional Opportunity In The Heart Of Lakeview! Set On A Rare 72' x 150' Lot, This Property Offers Potential Severance And Redevelopment Opportunities, Subject To Municipal Approvals And Due Diligence. Surrounded By Multimillion-Dollar Custom Homes, This Detached Residence Offers Approximately 4,770 Sq Ft Of Total Living Space, Featuring 4+3 Bedrooms And 4 Bathrooms. An Outstanding Opportunity For Builders, Developers And Investors, While Equally Appealing To Families Seeking Generous Living Space, Multigenerational Accommodations And Long-Term Potential. The Existing Residence Features Generously Sized Principal Rooms, A Bright Kitchen And Dining Area With Walkout To An Expansive Backyard Deck, And A Spacious Family Room Anchored By A Wood-Burning Fireplace. Multiple Living Areas And A Functional Layout Provide An Excellent Foundation For Comfortable Family Living, With Opportunities To Renovate, Modernize Or Customize To Suit Your Needs. A Separate Side Entrance Leads To The Lower Level, Complete With Three Additional Bedrooms And A Full Bathroom, Offering Excellent Potential For An In-Law Suite, Multigenerational Living Or Supplementary Rental Income. Parking And Storage Are Exceptional, With An Attached Double-Car Garage And A Detached 27' x 27' Garage, Ideal For Additional Vehicles, A Workshop Or Recreational Equipment. Ideally Located Moments From Toronto Golf Club, Mississauga Golf & Country Club, Lake Ontario Waterfront Trails And The Shops, Restaurants And Cafés Of Port Credit Village. Enjoy Convenient Access To Highly Regarded Schools, Major Highways And Commuter Routes Into Downtown Toronto. A Rare Offering Combining Significant Lot Dimensions, Existing Living Space And Outstanding Versatility In One Of Mississauga's Established Lakeside Communities.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,677
- Property tax
- $910
- Heat allowance
- $150
- Housing costs
- $8,737 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$269,000
gross annual household income
- Payment at 4%
- $6,312 / mo
- Cash down
- $299,970
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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