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New3 hours ago

1519 Elite Road

Lorne Park, Mississauga

$1,749,999

Detached|Bungalow
5 | 2 | 8
About this home

This rare 100-ft frontage lot offers an exciting canvas for builders, investors, or those dreaming of creating a custom residence perfectly tailored to their lifestyle. Surrounded by impressive custom-built homes and in a mature, established neighbourhood. The existing bungalow boasts approximately 2,100 sq. ft. of above-grade living space and offers plenty of potential to renovate, reimagine, or make your own. Step outside to a private backyard perfect for enjoying long summer days with family and friends.Families will appreciate the convenience of being within walking distance of Lorne Park Secondary School, while commuters will love the easy access to Clarkson GO and the QEW.Just minutes away, discover the vibrant shops, restaurants, cafes, and waterfront trails of Port Credit, adding an exceptional lifestyle component to this already sought-after location.Whether you envision transforming the existing home or building your dream residence from the ground up, this rare Lorne Park property offers endless possibilities.

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$10,879
Lot Size100.15 ft x 131.37 ft
mls© NumberW13835528
Listed ByROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST

Listing History

  • No recent sale history for this listing.
  • 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%
$8,845
Property tax
$907
Heat allowance
$150
Housing costs
$9,902 / mo

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

Down payment21% · $367,500
25-yr amortization

Income needed

$305,000

gross annual household income

Payment at 4%
$7,272 / mo
Cash down
$367,500

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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