





1304 Alexandra Avenue
Lakeview, Mississauga
$989,000
Attention Contractors & Builders! Prime Building Lot in Desirable Lakeview Fantastic opportunity to build in fast-growing Lakeview, one of the area's most sought-after and rapidly developing neighborhoods. This property offers a 36.5' x 148.11' building lot with tremendous potential , surrounded by many newly built and custom homes. The existing house is unlivable and is being offered primarily for the value of the land-a great opportunity for contractors, builders, and investors looking to build a new custom home. Enjoy an exceptional location within walking distance to top-rated schools, parks, the lake, marina, and waterfront trails. Convenient access to the QEW, with Downtown Toronto and Sherway Gardens just a short drive away.
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Listing History
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $5,062
- Property tax
- $461
- Heat allowance
- $150
- Housing costs
- $5,673 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$175,000
gross annual household income
- Payment at 4%
- $4,162 / mo
- Cash down
- $197,800
Assumes no other monthly debts · 25-yr amortization
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