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Listed 3 months ago

1083 Seneca Avenue

Port Credit, Mississauga

$2,995,000

Detached|2-Storey
3 | 2 | 6
About this home

Exceptional development opportunity in the heart of Mississauga's Lakeview and Port Credit communities. This 11,000 sq ft infill site has the potential to add an additional 11,000 sq ft (neighbouring property) for a total of 22,748 of potential development area. Zoned D-1 High Density, this infill site is well positioned on the fringe of both Port Credit and Lakeview communities, offering any new development close proximity to nearby shopping, top-rated schools, accessible transit and numerous neighbourhood parks. Concept ideas are available in our Offering Memorandum.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$8,728
Lot Size46.69 ft x 230.04 ft
mls© NumberW13230352
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing History

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

Schools

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What the bank counts

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

Mortgage, tested at 6%
$15,330
Property tax
$727
Heat allowance
$150
Housing costs
$16,207 / mo

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

Down payment20% · $599,000
25-yr amortization

Income needed

$499,000

gross annual household income

Payment at 4%
$12,603 / mo
Cash down
$599,000

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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