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Listed 1 month ago

1423 Malibou Terrace

Clarkson, Mississauga

$2,079,999

Detached|2-Storey
4 | 4 | 6
About this home

Welcome to 1423 Malibou Terr, Mississauga. Best location and layout of the street. ---Loads of unique features to offer----: *** Huge Ravine Lot, backyard facing directly onto a park, featuring a gentle slope perfect winter tobogganing. ***Separate living room, family room, dining room, and breakfast area. *** 4 spacious bedrooms on the 2nd floor, 2 bedrooms have a full ensuite bathroom. *** Finished walkout basement with a self-contained 2-bedroom apartment. Separate entrance, kitchen, and laundry. Currently leased to AAA tenants who are willing to stay or vacate. *** 2 Side entrances to the house at both west side and east side. *** Massive main-floor balcony overlooking the greenery, newly upgraded with sleek aluminum-framed tempered glass and composite interlocking tiling. *** Steps to Rattray Marsh Conservation Area, 10-minutes' walk to Lake Ontario. --- MORE---- : Lorne Park Secondary School district. *** 10 minutes' drive to Clarkson Go Station. *** 2 bathroom fully renovated in 2025. *** Elegant plaster crown molding throughout. *** No carpet, hardwood/engineered wood flooring throughout. *** 2 wood burning fireplaces. --- Same proud owner since 2011. Rare in the market. Act fast! --- Disclaimer: Buyers to verify all measurements, taxes, and the retrofit status of the basement apartment.

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$10,277
Lot Size66 ft x 141 ft
mls© NumberW13523552
Listed ByAVION 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%
$10,646
Property tax
$856
Heat allowance
$150
Housing costs
$11,653 / mo

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

Down payment20% · $416,000
25-yr amortization

Income needed

$359,000

gross annual household income

Payment at 4%
$8,753 / mo
Cash down
$416,000

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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