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Listed 2 months ago

7530 Redstone Road

Malton, Mississauga

$974,900

Detached|Bungalow
4 | 2 | 5
About this home

Exceptional investor/builder opportunity - Detached 4-bedroom home with two kitchens on a premium, oversized lot withpermits in place. Build a custom residence exceeding 4,200 sq. ft. above grade, plus rare basement potential, on a lot in the areathat offers this possibility. Nestled in a prestigious enclave of multi-million dollar homes, the property backs onto Airport Roadwith no rear neighbours, providing privacy and open views. Included with the sale are approved site plans, Committee ofAdjustment building permits and a current survey so that you can begin construction immediately. Currently leased for$3,800/month and sold as-is. Lots of this calibre seize this chance to create a million-dollar dream home in a highly sought-aftercommunity.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$4,797
Lot Size47.5 ft x 194.33 ft
mls© NumberW13447012
Listed ByRE/MAX GOLD 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%
$4,990
Property tax
$400
Heat allowance
$150
Housing costs
$5,540 / mo

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

Down payment20% · $194,980
25-yr amortization

Income needed

$170,000

gross annual household income

Payment at 4%
$4,103 / mo
Cash down
$194,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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