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Lorne Park, Mississauga
$1,688,000
2 SIDE BY SIDE MAGNIFICENT RAVINE LOTS tucked away in prestigious Lorne Park, South Mississauga. ALMOST 1 ACRE. LOCATED RIGHT AT THE END OF A QUIET DEAD-END STREET. WOW! This extraordinary estate property offers a HUGE LAND component, exceptional privacy and natural beauty. At the heart of it proudly sits a RANCH BUNGALOW WITH PRESENCE, built, owned and loved by the same family, backing & siding on to a breathtaking ravine setting. Two separate walkouts provide easy access to the outdoors, including one from the bright, full lower level, which features an oversized rec room with a cool bar - what a great spot for parties and family gatherings! Large windows flood the home with natural light, framing the gorgeous views. This home offers comfortable living for you to enjoy or the potential for rental income while you plan the next chapter. Let your imagination run wild! THE COMBINED LOTS HAVE A POTENTIAL ZONING ALLOWANCE FOR A 9,600+ SF CUSTOM HOME. You have the flexibility to move in, rent out, renovate, expand or build new. Whether you are downsizing looking for easier bungalow living, a builder envisioning a luxury custom residence, an investor seeking a premier landholding opportunity, or an end user ready to create a dream estate, 1309 Martley Dr. represents a truly rare opportunity in the heart of Lorne Park. Enjoy the best of Lorne Park living, with Lake Ontario's waterfront trails and beaches, Jack Darling Park, Port Credit's vibrant restaurants and cafés, excellent schools (including one just down the street) and convenient access to the QEW and GO Transit. An architect's preliminary report complete with conceptual renderings offers just one exciting example of the property's potential, including a stunning second-storey addition. Conceptual photos are AI-generated. All proposed development is subject to applicable local regulatory approvals.
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| Type | Detached |
| Style | Bungalow |
| Approx. Age | 51-99 |
| Size | 1100-1500 sq. ft. |
| Property Tax | $21,866 |
| Lot Size | 176.04 ft x 228 ft |
| mls© Number | W13824176 |
| Listed By | KELLER WILLIAMS PORTFOLIO 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%
- $8,640
- Property tax
- $1,822
- Heat allowance
- $150
- Housing costs
- $10,612 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$327,000
gross annual household income
- Payment at 4%
- $7,103 / mo
- Cash down
- $337,600
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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