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Listed 2 months ago

3056 Parkerhill Road

Cooksville, Mississauga

$1,549,000

Detached|Bungalow
3 | 2 | 9
About this home

Prime Redevelopment Opportunity to Secure a 50 x 299 foot Residential Lot in Highly Sought After Location in Cooksville. Home Requires Full Renovation and is Currently not Accessible: 3 Bedroom Bungalow 2 Kitchens, 2 Baths, Separate Entrance into Basement. Whether You're Looking to Build your Custom Dream Home or LAND BANK for Future Redevelopment, this Property Offers Exceptional Potential in a Prime Setting. Opportunities Like this Don't Come Around Often!!! Property is being sold "as is". Prime Cooksville Location Close to Transit, Schools, Parks, Shopping, Restaurants, Hospital, Cooksville GO, Hurontario, Dundas, QEW, Hwy 403 and Square One.

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agent
Milad Momtaz Azad
(647) 510-8858
TypeDetached
StyleBungalow
Approx. AgeNot available
Size700-1100 sq. ft.
Property Tax$6,824
Lot Size50 ft x 299 ft
mls© NumberW13211258
Listed ByROYAL LEPAGE TERREQUITY REALTY

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%
$7,928
Property tax
$569
Heat allowance
$150
Housing costs
$8,647 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $309,800
25-yr amortization

Income needed

$266,000

gross annual household income

Payment at 4%
$6,518 / mo
Cash down
$309,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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