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New3 hours ago

989 Pelham Avenue

Lakeview, Mississauga

$850,000

Detached|1 1/2 Storey
3 | 2 | 5
About this home

Welcome to 989 Pelham Ave, a detached 3-bedroom, 1.5-storey home situated in a desirable, established neighbourhood, surrounded by multi-million dollar mansions. Set on a generous 50 x 110 ft lot with a detached garage, this property offers an excellent opportunity for buyers, renovators, investors, or those looking to create their dream home in a sought-after community. There's plenty of potential to renovate, modernize, and add your own personal touches while taking advantage of the existing layout and generous lot size. The 1.5-storey design offers character and flexibility, with three bedrooms, 2 washrooms and ample opportunity to reimagine the living space. Enjoy convenient access to great local schools including the much sought after Regional Arts Program at Cawthra Secondary School and the renowned International Business & Technology program at Allan A Martin Senior Public.Pop over to Serson Park for some fun time with the kids or check out a good read from Lakeview Library. Enjoy a great round of golf around the corner at Lakeview Golf Course or go for a great meal at any of the wonderful restaurants along Lakeshore. Public transit is readily accessible, with bus stops nearby and Long Branch GO just 6 minutes away. Or head up to Pearson airport for that well-deserved vacation - just a quick 16 minute drive. A fantastic opportunity to own a detached home on a substantial lot in a well-established Mississauga neighbourhood. **Bring your vision and unlock the potential of this property!**

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,408
Lot Size50 ft x 110 ft
mls© NumberW13876270
Listed ByROYAL LEPAGE REAL ESTATE ASSOCIATES

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%
$4,351
Property tax
$534
Heat allowance
$150
Housing costs
$5,035 / mo

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

Down payment20% · $170,000
25-yr amortization

Income needed

$155,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$170,000

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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