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New3 hours ago

6543 NINTH Line

Lisgar, Mississauga

$1,500,000

Detached|Bungalow
3 | 1 | 16
About this home

Calling All Investors, Builders, Mechanics, Welders, Tradespeople & Home-Based Business Owners! Here is your opportunity to own an exceptional 132 x 223 ft lot in Mississauga, featuring a charming detached bungalow, an impressive 40 x 34 ft detached garage/workshop, and a commercial-grade driveway with parking for at least 12 vehicles. The oversized detached garage accommodates up to 4 cars and features a dedicated office, mezzanine, and workshop area. Previously used for a mechanic's home business, this versatile space offers tremendous potential. An enclosed porch provides convenient access to the rear yard, while two sheds offer additional storage, including one piped for gas. The charming bungalow offers plenty of character, with a rustic interior featuring a gorgeous picture window, wood panelling, and exposed brick accents. The living room flows seamlessly into the dining room and kitchen area. Three bedrooms are located on the main floor, with a fourth bedroom downstairs. The finished basement also features a spacious and versatile recreation room that can easily be used as a family room, home gym, office, or potential fifth bedroom. Situated directly on Ninth Line in Mississauga, with close proximity to schools, parks, shopping, grocery stores, restaurants, public transportation, and major 400-series highways, this property offers a truly unique opportunity and exceptional versatility for investors, builders, tradespeople, and entrepreneurs alike.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,010
Lot Size132 ft x 223 ft
mls© NumberW13800988
Listed BySUTTON GROUP - SUMMIT REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$7,678
Property tax
$584
Heat allowance
$150
Housing costs
$8,412 / mo

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

Down payment20% · $300,000
25-yr amortization

Income needed

$259,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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