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Lakeview, Mississauga
$1,649,900
A rare offering of an exceptional development opportunity in the heart of Mississauga. Situated on a premium 66 x298ft lot with dual frontage potential on Cawthra Road and Duchess Drive, this property presents a prime opportunity for developers to build two detached homes-one fronting each street. A 1000 sqft Detached Garage that has multy use and offers 4 car spaces. Ideal for builders seeking scale, investors planning future redevelopment, or end users looking to live now and build later, this property offers outstanding flexibility and long-term value. Conveniently located just minutes from the QEW and surrounded by top-ranked schools, parks, shopping, and restaurants, the location is both strategic and highly desirable. The existing two-storey home, built in 1998, features a functional layout with great potential. The main floor offers an L-shaped living and dining area with soaring cathedral ceilings open to above, a bright square kitchen with breakfast bar overlooking the expansive backyard, as well as a main floor bedroom and a 3-piece washroom. The second floor includes a spacious loft overlooking the living/dining area and backyard-ideal as a family room or potential fourth bedroom along with two generously sized bedrooms and a 4-piece washroom. Zoned LR (Large Residential Lot), the property holds the potential for severance and redevelopment into two separate residential dwellings. Future address allocation may allow the second home to front onto Duchess Drive. A truly unique opportunity to secure a high-potential parcel in one of Mississauga's most sought-after neighbourhoods.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 16-30 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $8,168 |
| Lot Size | 66.57 ft x 298.68 ft |
| mls© Number | W13494286 |
| Listed By | RE/MAX REALTY SPECIALISTS INC. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $8,445
- Property tax
- $681
- Heat allowance
- $150
- Housing costs
- $9,276 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$285,000
gross annual household income
- Payment at 4%
- $6,943 / mo
- Cash down
- $329,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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