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Price Change$1,125,000

1083 Melton Drive

Lakeview, Mississauga

$1,098,000

Detached|Bungalow
3 | 2 | 5
About this home

If you need room for two generations under one roof, or you want a solid Lakeview bungalow on a 50' x 125' lot to make your own, 1083 Melton Drive gives you plenty to work with. Hardwood floors run across the main floor. The living room has a large south-facing window that brings in light through the middle of the day. The eat-in kitchen is its own room, with 2 windows and space for a breakfast table. Since it's separate, the pots and noise stay out of the dining room when you're hosting. There are 3 bedrooms on the main floor, and the primary shares a renovated 3-piece semi-ensuite with a separate water closet. Downstairs works almost as its own home, with access via side entrance, complete with a 2nd kitchen, a 3-piece bath, a fourth bedroom, a family room with a wood-burning fireplace, potential for in-law suite or multi-generational living. Out back, the garden took decades to grow: a rose bush planted the year the house was built, mature plantings for shade and privacy, and a vegetable bed that has produced for years. A built-in garage and a private double driveway give you parking for 5. Minutes from Sherway Gardens, excellent schools, hospitals, the QEW, GO train and the waterfront trails are all a short drive away.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,034
Lot Size50 ft x 125.82 ft
mls© NumberW13735836
Listed ByRE/MAX REALTY ENTERPRISES 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%
$5,620
Property tax
$586
Heat allowance
$150
Housing costs
$6,356 / mo

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

Down payment20% · $219,600
25-yr amortization

Income needed

$196,000

gross annual household income

Payment at 4%
$4,621 / mo
Cash down
$219,600

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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