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Lorne Park, Mississauga
$1,549,900
The Land Speaks for Itself. A property of this scale rarely surfaces in Lorne Park. At 103 feet of prime frontage on Lakeshore Rd W, this oversized lot offers a genuine choice: build the landmark luxury estate this address deserves or pursue a boutique development play. In the meantime, the property works hard. Two detached homes - each on independent water, gas, and hydro meters - generate approximately $8,500/m in rental income, giving you a productive hold while you plan and permit. The infrastructure is already in place: an oversized two-car detached garage and an expansive driveway accommodating 10+ vehicles - rare utility for a lot of this calibre. The location needs little elaboration. Steps to the Lake Ontario waterfront and its trails. Walking distance to top-ranked schools. Minutes to Port Credit Village, the QEW, and GO Transit. Surrounded by custom residences in the multi-million-dollar range - the neighbourhood sets the ceiling high. Whether your vision is a private estate or a curated development, the fundamentals here are hard to replicate
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 2500-3000 sq. ft. |
| Property Tax | $9,553 |
| Lot Size | 102.59 ft x 172.67 ft |
| mls© Number | W13721594 |
| Listed By | RE/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%
- $7,933
- Property tax
- $796
- Heat allowance
- $150
- Housing costs
- $8,879 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$273,000
gross annual household income
- Payment at 4%
- $6,522 / mo
- Cash down
- $309,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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