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Port Credit, Mississauga
$1,999,999
Attention builders and investors- rare opportunity to secure a development site in the heart of Port Credit, located south of Lakeshore Road and just steps to Lake Ontario. This exceptional 75 ft frontage lot previously received conditional severance approval for two detached custom home parcels (application has since lapsed). The property includes a livable existing home,ideal for rental or holding income while redevelopment plans are advanced. Surrounded by luxury custom homes and numerous successfully severed properties in a rapidly evolving enclave, thisis a standout opportunity to unlock significant value in one of Mississauga's most prestigious lakeside communities. Sold As is where is.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $10,566 |
| Lot Size | 75 ft x 160 ft |
| mls© Number | W13604956 |
| Listed By | SUTTON GROUP - SUMMIT REALTY INC. |
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%
- $10,237
- Property tax
- $881
- Heat allowance
- $150
- Housing costs
- $11,267 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$347,000
gross annual household income
- Payment at 4%
- $8,416 / mo
- Cash down
- $400,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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