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1540 Mississauga Road

Lorne Park, Mississauga

$5,999,800

Detached|2-Storey
5 | 6 | 18
About this home

Unique Lorne Park mansion checking off 3 Major Boxes: Location, Lot Size & Square Footage. A homeowner's dream, this completely remodeled residence with wrought iron gates and a 7ft high wrought iron fence showcases Fascinating Finishes & Millwork T/O and offers 5+1 Bedrooms, 6 Baths in an Open Concept Layout w/ Expansive Windows Bringing In An Abundance Of Natural Light. 8ft tall wooden doors, 16 chandeliers and 10ft to 16ft raised ceilings add to the grandeur throughout. The chef's kitchen is equipped w/ a Lg Centre Island, B/I S/S Appliances, Beautiful Stone Counters & Ample Upper and Lower Cabinetry. Prodigious living and dining spaces are elevated by Crown molding, Pot Lights, Gas Fireplace, Eye Catching Millwork and original book-matched Italian tiles with 9ft & 12ft height. The home also fits a Rare In-Law Suite w/ a Full Size Kitchen, Living Rm, Bdrm & A 3pc Ensuite. The owners suite boasts raised ceiling heights, a gorgeous 5pc Ensuite & A Lg W/I Closet. Down the hall lie 2 More Bdrms That Share A 4pc Bath + A Junior Suite w/ A 5pc Ensuite & W/I Closet. The entertainer's basement features a Lg Rec Area, Gym, Wet Bar, Dining Area & Ample Storage Rms + A Den That Can Be Used As A 6th Bdrm. The mesmerizing resort-like backyard completes this home with an In-ground Pool, Several Fountains, A Covered Deck, Beautiful Cabana, a 4 hole mini-golf course & More! Absolutely breathtaking. The property also features a beautiful stone driveway; Beautiful Mature Trees & high rocks enhance the beauty and curb appeal of the property.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size5000 + sq. ft.
Property Tax$32,702
Lot Size105 ft x 245 ft
mls© NumberW12955302
Listed BySAM MCDADI REAL ESTATE 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%
$30,710
Property tax
$2,725
Heat allowance
$150
Housing costs
$33,585 / mo

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

Down payment20% · $1,199,960
25-yr amortization

Income needed

$1,033,000

gross annual household income

Payment at 4%
$25,248 / mo
Cash down
$1,199,960

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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