$599,000

$649,000For salePrice drop↓ $50,000 (8%)

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#903 1485 Lakeshore Road East, Mississauga (Lakeview) - Single Family for Sale

#903 1485 Lakeshore Road East, Mississauga (Lakeview), Ontario, L5E3G2

3 beds2 baths parking

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Listed by ROYAL LEPAGE CITIZEN REALTY

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2 bd2 ba2 pk1,100 ft²+$1002/mo

Listed by ROYAL LEPAGE CITIZEN REALTY

Investment analysis

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$599,000

Mississauga

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Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,100 sq ft of space. Listed at $599,000, it is attractively priced about 19% below the $742,700 median asking price in Mississauga. It has been on the market 42 days, fresher than the Mississauga average of 59 days.

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

Description

Bright southeast facing suite at Lakeview On the Park with lake views in a well-cared for building. This unique two-bedroom plus den offers an open kitchen with premium stainless appliances, a flexible den, and a spacious primary with walk-in closet, additional PAX wardrobe and sleek ensuite. Includes 3 parking spots and a locker. Enjoy on-site management, gym, tennis court, hobby room, visitor parking, beautifully landscaped gardens and all-inclusive maintenance fees, minutes to the lake and everyday essentials. (id:66096)

Property Details

MLS®: W13821884
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 3
Interior Size: 1,100 ft²
Basement: None
Heating: Heat Pump, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,083/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,339.85/yr
Listed: 42 days ago

Market Timing

Days on market

42d

Mississauga (Lakeview) listings, avg age

59d

Price / ft²

$545

List price

$599K

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 $599,000, about 6.1× the local median household income of $98,000.

Carrying it typically needs a household income of about $117,006 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$599,000· $545/ft²

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Full Cost Breakdown

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Down Payment5.83% · $34,900

Min 5.83%50%

Mortgage payment$3,127/mo

↳ CMHC premium ($22,564 capitalized)

Property tax (est.)$278/mo

Condo fee$1,083/mo

Total monthly$4,488

Cash Needed to Close

Down payment (5.83%)$34,900

Land transfer tax$8,455

Est. closing costs$4,297

Total cash needed$47,652

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

#903 1485 Lakeshore Road East, Mississauga (Lakeview) - Single Family for Sale

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Neighbourhood profile (L5E)

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