1050 Lorne Park Road
Lorne Park, Mississauga
$2,000,000
ATTENTION BUILDERS & DEVELOPERS - Rare offering - 0.5 Acre Lot w/ stucco bungalow in a sought after Lorne Park Location. 137 ft fronting on Lorne Park Rd & 70 Feet fronting on Quiet Veroli Crt, There are many possibilities for severance and/or development. Home is being sold in "as is, where is" condition. Lorne Park School District.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $8,519 |
| Lot Size | 137.33 ft x 96.33 ft |
| mls© Number | W13646054 |
| Listed By | ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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%
- $10,237
- Property tax
- $710
- Heat allowance
- $150
- Housing costs
- $11,097 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$341,000
gross annual household income
- Payment at 4%
- $8,416 / mo
- Cash down
- $400,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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