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$1,178,000
Mississauga
1072 Orchard Road, Mississauga (Lakeview), Ontario, L5E2N9
This 5-bedroom, 3-bathroom home in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $1,178,000, it is attractively priced about 19% below the $1,450,000 median asking price in Mississauga. It has been on the market 52 days, fresher than the Mississauga average of 61 days.
This beautifully updated family home presents a rare opportunity, ideally set on an expansive 50' x 200' lot in the highly sought-after Lakeview neighbourhood of South Mississauga. Renovated in 2018 the home offers comfortable, flexible living for growing families, first-time buyers or those looking for a home with room to evolve. A separate basement apartment provides the added benefit of rental income or private living space for extended family. Estimated basement rental income of $1700.00 per month. Enjoy the best of Lakeview living with the waterfront, parks, trails, marinas and golf courses nearby, along with excellent schools, shopping, restaurants and everyday amenities. The exciting Lakeview Village redevelopment is just minutes away, while convenient access to the QEW, Highways 427 and 403, and both Long Branch and Port Credit GO Stations makes commuting throughout the GTA easy. Adding to the home's appeal is the exceptional size of the property and the flexibility it provides over time. Surrounded by an increasing number of luxury custom homes and zoned RL, the lot may accommodate approximately 4,000 sq. ft. of above-grade living space, subject to City of Mississauga approvals, offering the option to build a substantial custom residence in the future. A move-in-ready home with income or extended-family potential today, and an exceptional lot offering with even more possibilities for tomorrow. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 52 days on market, against an average age of 61 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This 5-bed single family in Mississauga (Lakeview) has been listed for 52 days, which is 9 days fresher than the city average of 61. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,178,000, about 12.0× the local median household income of $98,000.
Carrying it typically needs a household income of about $230,105 (20% down, 25-yr amortization, stress-tested) — roughly 135% above the area median.
Source: Statistics Canada, 2021 Census (FSA L5E)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.