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New3 hours ago

1538 Lorne Wood Road

Lorne Park, Mississauga

$1,489,900

Detached|Bungalow
3 | 1 | 4
About this home

Welcome to Lorne Park, Mississauga's finest and most prestigious neighbourhood. This exceptional property offers a prime opportunity to build your own dream home on a stunning tree-draped lot that stretches almost 200 feet deep. Surrounded by towering mature trees, this massive property provides the perfect canvas for your custom architectural masterpiece, complete with private , park-like backyard. Location is everything, and this property delivers. Situated just steps from highly coveted Lorne Park schools, it is the ideal setting for growing families looking to secure a top-notch education for their children. Enjoy the perfect balance of peaceful, Muskoka-like privacy and urban convenience. You are only minutes away from the vibrant shops, cafes, and restaurants of Port Credit and Clarkson villages, scenic waterfront trails and beautiful lakefront parks. For commuters, travel is effortless with quick access to the QEW and multiple GO Transit stations, offering a fast and direct route into downtown Toronto. Whether you choose to renovate the existing 3-bedroom bungalow or construct a brand-new luxury residence, properties of this size and caliber in this specific pocket of Lorne Park are exceptionally rare. Do not miss this opportunity to invest in your family's future and create a legacy home in once of the GTA's most sought-after communities.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$11,086
Lot Size75.68 ft x 198.23 ft
mls© NumberW14124236
Listed ByROYAL LEPAGE REALTY PLUS

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%
$7,626
Property tax
$924
Heat allowance
$150
Housing costs
$8,700 / mo

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

Down payment20% · $297,980
25-yr amortization

Income needed

$268,000

gross annual household income

Payment at 4%
$6,270 / mo
Cash down
$297,980

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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