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Listed 4 months ago

961 Lakeshore Road W

Lorne Park, Mississauga

$1,599,900

Detached|2-Storey
6 | 7 | 12
About this home

Welcome to a rare offering in prestigious Lorne Park! With an impressive 103 feet of frontage on Lakeshore Rd W, this oversized property presents an exceptional opportunity to build your dream luxury estate or for developers to explore rezoning for up to 4 semi-detached homes as per seller. Currently, the property features two detached homes, each on separate water, gas & hydro meters ideal for multi-family use or income generation. Together, they produce approx. $8,500/month rental income, making this a secure holding investment while you plan your next move. Oversized 2-car detached garage, and the expansive driveway accommodates 10+ vehicles. Unmatched location: steps to Lake Ontario, scenic waterfront trails, and top-ranked schools. Just minutes to Port Credit Village, QEW & GO Transit, and surrounded by multi-million-dollar custom residences, this property is the perfect canvas for either a landmark luxury home or a boutique development project. Don't miss this chance to create a true masterpiece in one of Mississauga's most prestigious communities.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$9,553
Lot Size102.59 ft x 172.67 ft
mls© NumberW12909550
Listed ByRE/MAX GOLD REALTY INC.

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%
$8,189
Property tax
$796
Heat allowance
$150
Housing costs
$9,135 / mo

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

Down payment20% · $319,980
25-yr amortization

Income needed

$281,000

gross annual household income

Payment at 4%
$6,733 / mo
Cash down
$319,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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