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Lorne Park, Mississauga
$3,000,000
Discover an extraordinary lifestyle on this spectacular nearly 1/2 acre ravine property, where resort-inspired living meets the beauty and tranquility of nature. Tucked away behind a magnificent 160-ft long private driveway, this exceptional contemporary residence welcomes you w/ beautifully secluded front gardens & a charming, gently flowing stream. Surrounded by towering mature trees & overlooking a breathtaking south-facing ravine, this enchanting property offers a Muskoka-like retreat, w/ a level of privacy, serenity & natural beauty, rarely found in the city. Offering over 2,700 SF of living space, the interior features new wide-plank light oak engineered hardwood flooring, fresh paint, designer lighting & floor-to-ceiling windows showcasing natural light & uninterrupted forest views. The bespoke kitchen, w/ S/S appliances & an oversized centre island, flows into the grand open-concept living & dining areas. The stunning family room features dramatic wood-beam detailing, herringbone flooring & a floor-to-ceiling fireplace, adding warmth & architectural character. The primary retreat offers custom built-ins, a W/I closet & spa-inspired ensuite w/ heated floors & picturesque sunrise views. Additional bedrooms feature custom detailing & generous closets. The finished W/O lower level offers radiant heated floors, a spacious media lounge wired for projection & a versatile 4th bedroom/fitness room. Resort-style grounds feature a custom saltwater SOLDA pool & spa w/ waterfall, a majestic wraparound suspended deck overlooking the private ravine, sprawling entertaining decks, an outdoor kitchen with B/I BBQ & granite counters, stone landscaping, curated gardens, exterior lighting, irrigation, smart home integration, two outdoor sheds, large storage beneath the home and potential to enclose the under-deck area as an indoor/outdoor sanctuary. Moments from the lake, scenic parks, reputable schools & major highways.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $15,355
- Property tax
- $1,252
- Heat allowance
- $150
- Housing costs
- $16,757 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$516,000
gross annual household income
- Payment at 4%
- $12,624 / mo
- Cash down
- $600,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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