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Clarkson, Mississauga
$1,400,000
Exceptional Development Opportunity in Prestigious South Mississauga! Situated on an impressive 50 x 187 ft lot, this property offers a rare opportunity to build your dream home in one of Mississauga's most desirable and established neighbourhoods, surrounded by stunning multi-million-dollar residences. Save valuable time and development costs with approved building permits for an approximately 4,000 sq. ft. custom luxury residence! All architectural plans, drawings, and approved permits are included, allowing the new owner to move forward with their vision without the lengthy planning and approval process. The existing home features 2 bedrooms, 2 washrooms, a kitchen, and 5 principal rooms, offering flexibility for use while preparing for redevelopment. The expansive 187 ft deep lot provides exceptional space and endless possibilities for creating a truly remarkable custom estate. Ideally located in sought-after South Mississauga, surrounded by luxury homes and
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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%
- $7,166
- Property tax
- $570
- Heat allowance
- $150
- Housing costs
- $7,886 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$243,000
gross annual household income
- Payment at 4%
- $5,891 / mo
- Cash down
- $280,000
Assumes no other monthly debts · 25-yr amortization
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