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Lorne Park, Mississauga
$1,499,999
OPPORTUNITY to get into LORNE PARK for a discount!!!! SAVE ON utility bills with solar panels!! Reduced monthly expenses! Or rent out the legal 2-bedroom basement apartment, or use it as a 1-bedroom and keep half the basement for yourself!! This family home is in the heart of sought-after Lorne Park. Tucked away on a quiet, tree-lined street and backing onto a park, this beautifully maintained home offers privacy, space, and natural surroundings.Offering four generously sized bedrooms, four bathrooms, and a legal basement apartment with an additional kitchen, two bedrooms, and a bathroom, the home offers excellent income or extended-family potential-or a separate living space for a university-aged son or daughter. Airbnb could also be an option, with the potential to bring in close to $3K a month!Highlights include hardwood floors, an upgraded kitchen, spa-inspired bathrooms, and tasteful finishes throughout. Step outside to a private backyard retreat with a deck and mature landscaping.Located within walking distance of top-rated schools, the Port Credit waterfront/marina, and recreation. Just minutes from the QEW, Mississauga Golf & Country Club, Port Credit Village, and lakefront parks and trails.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2000-2500 sq. ft. |
| Property Tax | $10,525 |
| Lot Size | 60 ft x 125 ft |
| mls© Number | W13659002 |
| Listed By | Royal LePage Real Estate Associates |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $7,678
- Property tax
- $877
- Heat allowance
- $150
- Housing costs
- $8,705 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$268,000
gross annual household income
- Payment at 4%
- $6,312 / mo
- Cash down
- $300,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
Values and trends
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Comparable sales
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