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Listed 5 months ago

1331 St. James Avenue

Lakeview, Mississauga

$1,295,000

Detached|1 1/2 Storey
4 | 3 | 14
About this home

Endless possibilities for end users, developers investors this home appeals to all! A charming, fully detached 1.5-story house featuring 4 spacious bedrooms and 3 bathrooms, perfect for family living. Ideally situated just steps from the waterfront, golf course, a lively seasonal farmers market, Dixie Mall, and the highly anticipated Lakeview Village development. Commuting is a breeze with Long Branch GO Station, TTC, and Mississauga Transit all just minutes away. Enjoy the privacy and flexibility of a separate entrance to a potential in-law suite, complete with its own kitchen, jacuzzi, and bathroom. The house is equipped with central air, a tankless hot water heater, and a central vacuum system. The exterior boasts durable stucco combined with aluminum siding. Outside, an enormous driveway fits up to 10 cars, while the massive 100 ft by 149 ft lot includes a 30 ft by 24 ft four-hobby car garage attached to a 24 ft by 24 ft two-car garage. The larger garage is insulated, heated, air-conditioned, and features a 20 ft by 12 ft door. Its fully outfitted with a car hoist, compressor, tire changer, wheel balancer, plus a scissor lift and forklift. NOTE: Some pictures are virtual staged

Extras

No extras listed.

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$11,652
Lot Size100 ft x 149 ft
mls© NumberW12854288
Listed ByEXP REALTY

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$6,628
Property tax
$971
Heat allowance
$150
Housing costs
$7,749 / mo

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

Down payment20% · $259,000
25-yr amortization

Income needed

$238,000

gross annual household income

Payment at 4%
$5,450 / mo
Cash down
$259,000

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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