$525,000

For sale

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#708 1515 Lakeshore Road, Mississauga (Lakeview) - Single Family for Sale

#708 1515 Lakeshore Road, Mississauga (Lakeview), Ontario, L5E3E3

3 beds3 baths1 parking ft²

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Investment analysis

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$525,000

Mississauga

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Overview

This 3-bedroom, 3-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $525,000, it is attractively priced about 29% below the $742,700 median asking price in Mississauga. It has been on the market 14 days, fresher than the Mississauga average of 59 days.

Condos for Sale in Mississauga →All real estate in Mississauga →

Description

An opportunity to create your own model suite. *Renovations required* 1310 square foot unit - 3 bedrooms + 2 baths, 1 parking. View of Toronto Golf Club, directly across from Marie Curtis Park, which includes waterfront trails, beach, and splash pad. Long Branch GO, TTC & MiWay Transit options are steps away. Quick access to the QEW & Highway 427 (id:66096)

Property Details

MLS®: W14101646
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Coil Fan, Other
Cooling: Central air conditioning
Garage: Garage, Underground
Waterfront: Yes
Condo Fee: $1,210/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,753/yr
Listed: 14 days ago

Rooms

Flat

Kitchen: 2.35 x 2.1 meters
Living room: 5.65 x 4.65 meters
Dining room: 3.15 x 2.3 meters
Primary Bedroom: 4.8 x 3.4 meters
Bedroom 2: 3 x 2.47 meters
Bedroom 3: 3.58 x 3 meters
Laundry room: 2.75 x 1.45 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

14d

Mississauga (Lakeview) listings, avg age

59d

Price / ft²

$404

List price

$525K

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.

Area context

Neighbourhood profile (L5E)

This home lists at $525,000, about 5.4× the local median household income of $98,000.

Carrying it typically needs a household income of about $102,551 (20% down, 25-yr amortization, stress-tested) — roughly 5% above the area median.

Median household income: $98,000
Population: 12,972
Median age: 45.2
Owner / renter: 77% / 23%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L5E)

$525,000· $404/ft²

For sale

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Full Cost Breakdown

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Down Payment5.24% · $27,500

Min 5.24%50%

Mortgage payment$2,758/mo

↳ CMHC premium ($19,900 capitalized)

Property tax (est.)$313/mo

Condo fee$1,210/mo

Total monthly$4,281

Cash Needed to Close

Down payment (5.24%)$27,500

Land transfer tax$6,975

Est. closing costs$4,075

Total cash needed$38,550

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#708 1515 Lakeshore Road, Mississauga (Lakeview) - Single Family for Sale

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Description

Property Details

Rooms

Features

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Neighbourhood profile (L5E)

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