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1089 Seneca Avenue

Port Credit, Mississauga

$2,750,000

Detached|Bungalow
3 | 3 | 10
About this home

Assembly Potential Neighbour listed for sale. Plans available(D-1 Zoning) Rare development opportunity in the heart of Port Credit . This property is situated on development-zoned land and offers strong future redevelopment potential, with the added advantage that the directly abutting neighbouring property is also available for sale-creating a compelling land assembly opportunity for a larger-scale project, subject to municipal approvals. The site currently features an approximately 3,000 sq ft bungalow (including basement) and a separate 2,000 sq ft workshop. Set on a deep, irregular lot (approx. 47.81 ft x 267.57 ft) with parking for up to 10 vehicles plus street parking, the property is located on a quiet cul-de-sac just steps from Lakeshore, Mentor College, and within walking distance to the GO Station. Positioned in a rapidly evolving neighbourhood with significant investment and intensification underway, this offering is ideal for developers, investors, or end users seeking a strategic land play. Vendor may consider VTB

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size3000-3500 sq. ft.
Property Tax$11,097
Lot Size47.81 ft x 267.57 ft
mls© NumberW12634668
Listed ByRoyal LePage Real Estate Associates

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$14,076
Property tax
$925
Heat allowance
$150
Housing costs
$15,150 / mo

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

Down payment20% · $550,000
25-yr amortization

Income needed

$466,000

gross annual household income

Payment at 4%
$11,572 / mo
Cash down
$550,000

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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