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Price Change$1,269,000

1199 Melton Drive

Lakeview, Mississauga

$1,179,000

Detached|Backsplit 4
4 | 2 | 6
About this home

NEW IMPROVED PRICE!!! Welcome To Lakeview Living! This Spacious Four-Bedroom BackSplit Offers Approximately 2,363 Sq. Ft. Of Total Finished Living Space. Situated In One Of Mississauga's Most Desirable Communities And Surrounded By Impressive Custom Homes, This Property Offers Exceptional Possibilities For Families, Renovators, Investors And Builders.The Functional Multi-Level Layout Features Three Spacious Bedrooms Upstairs, A Versatile Fourth Bedroom On The Lower Level And A Large Family Room With A Walkout To The Backyard. The Open Rear Exposure, With No Homes Immediately Behind, Provides Added Privacy And Plenty Of Room For Entertaining Or Creating Your Own Outdoor Retreat.The Bright Solarium Features Soaring Ceilings, A Skylight And A Walkout To The Backyard. Currently Used As A Home Gym, This Flexible Space Could Also Serve As A Home Office, Studio, Sitting Room Or Sun-Filled Retreat. The Finished Basement Offers A Second Kitchen And Spacious Recreation Area-Ideal For Extended Family, Guests Or Additional Living Space.Set On A Generous 50 X 123.59 Ft. Lot, The Property Also Features A Double Garage And Parking For Up To Six Vehicles. Move In And Personalize Over Time, Renovate, Expand Or Explore Its Future Redevelopment Potential.Conveniently Located Near The Mississauga-Etobicoke Border, Minutes From The QEW, Public Transit, Sherway Gardens, Shopping, Dining, Parks, Trails And Lakeview And Toronto Golf Courses. Total Finished Living Space Is Approximately 2,363 Sq. Ft. Measurements Exclude The Storage And Utility Areas, Solarium, Fireplace, Garage And Porch. Please Refer To The Floor Plans And Estimated Measurements.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBacksplit 4
Approx. Age31-50
Size1500-2000 sq. ft.
Property Tax$7,464
Lot Size50 ft x 123.59 ft
mls© NumberW13586340
Listed ByRE/MAX REALTRON REALTY INC.

Listing History

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  • 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%
$6,035
Property tax
$622
Heat allowance
$150
Housing costs
$6,807 / mo

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

Down payment20% · $235,800
25-yr amortization

Income needed

$209,000

gross annual household income

Payment at 4%
$4,961 / mo
Cash down
$235,800

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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