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New21 hours ago

1296 LAKESHORE Road W

1017 - SW Southwest, Oakville

$4,880,000

Detached|Bungalow
4 | 3 | 6
About this home

Welcome To 1296 Lakeshore Road West, A Lakefront Property Set On An Approximately 0.564-Acre Lot With 156.42 Ft Of Road Frontage And 157.74 Ft Along The Water. Enjoy Sweeping Views Of Lake Ontario From Every Room, With Generous Windows Bringing Natural Light Into The Home. The Open Kitchen Features Stone Counters, Stainless Steel Appliances, And A Breakfast Bar Connecting To The Dining And Living Areas. A Stone Fireplace, Built-In Shelving, And Doors To The Outdoors Add Warmth And Character. The Spacious Lower-Level Recreation Area Offers More Room To Relax Or Entertain. An Attached Double Garage And Wide Driveway Complete This Lakeshore Offering With Riparian Rights And A New Seawall. With Its Peaceful Setting And Sweeping Lake Views, It Is Easy To See Why The Owner Says Friends Affectionately Call This Home "The Sanctuary."

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
StyleBungalow
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$19,848
Lot Size156 ft x 140 ft
mls© NumberW13837238
Listed ByROYAL LEPAGE REAL ESTATE SERVICES NANCY SAEDI

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%
$24,978
Property tax
$1,654
Heat allowance
$150
Housing costs
$26,782 / mo

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

Down payment20% · $976,000
25-yr amortization

Income needed

$824,000

gross annual household income

Payment at 4%
$20,536 / mo
Cash down
$976,000

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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