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Listed 3 months ago

1199 Melton Drive

Lakeview, Mississauga

$1,179,000

Detached|Backsplit 4
4 | 2 | 6
About this home

Back On The Market! Discover The Possibilities In Lakeview With This Spacious 4-Bedroom Back-split, Offering Approximately 2,363 Sq. Ft. Of Total Finished Living Space On A Generous 50 X 123.59 Ft. Lot. Surrounded By Impressive Custom Homes, This Versatile Property Offers Space For Growing Families, Extended Family Living And Your Future Vision.The Functional Multi-Level Layout Features Three Upper-Level Bedrooms, A Fourth Bedroom On The Ground Level And A Generous Family Room With A Backyard Walkout. Open Rear Exposure, With No Homes Immediately Behind, Provides Added Privacy And An Inviting Setting For Outdoor Entertaining.The Bright Solarium Features Soaring Ceilings, A Skylight And Backyard Access. Currently Used As A Home Gym, This Flexible Space Is Equally Suited To A Home Office, Studio Or Relaxing Retreat. The Finished Basement Includes A Second Kitchen And Spacious Recreation Area, Offering Additional Room For Family And Guests. A Double Garage And Parking For Up To Six Vehicles Add Everyday Convenience. Move In And Personalize Over Time, Renovate Or Explore Expansion And Redevelopment Possibilities, Subject To Applicable Approvals. Ideally Located Near The Mississauga-Etobicoke Border, Minutes From The QEW, Public Transit, Sherway Gardens, Shopping, Dining, Parks, Trails, And Lakeview And Toronto Golf Courses. Total Finished Living Space Is Approximately 2,363 Sq. Ft. Measurements EXCLUDES Storage And Utility Areas, Solarium, Fireplace, Garage And Porch. Please Refer To Floor Plans For Estimated Measurements.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBacksplit 4
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$7,464
Lot Size50 ft x 123.59 ft
mls© NumberW13586340
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

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  • 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%
$6,035
Property tax
$622
Heat allowance
$150
Housing costs
$6,807 / mo

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

Down payment20% · $235,800
25-yr amortization

Income needed

$209,000

gross annual household income

Payment at 4%
$4,961 / mo
Cash down
$235,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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