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New1 hour ago

954 Beechwood Avenue

Lakeview, Mississauga

$850,000

Detached|Bungalow
1 | 1 | 2
About this home

Prime Land Opportunity in a High-Demand Lakeside Location! Exceptional opportunity for developers, builders, and savvy investors to acquire land in a rapidly evolving area near theLakefront Promenade. Surrounded by significant ongoing and planned development, this property offers excellent exposure to the continued growth and transformation of the neighbourhood. An existing structure is situated on the property and may be suitable for renovation, subject entirely to the Buyer's independent due diligence, applicable zoning, permits, approvals, building requirements and municipal regulations. The property is being offered for sale as land only or renovation of existing structure. The Seller makes no representation or warranty regarding the existing structure, its current use, legal status, permitted use, suit ability for renovation, future use, redevelopment potential, condition, or demolition requirements. Buyers are advised to conduct their own independent due diligence with the applicable municipality and authorities regarding zoning, permitted uses, renovation requirements, development potential, and the status and use of the existing structure. Buyer to satisfy themselves regarding all matters relating to the existing structure and any proposed renovation or redevelopment. Seller is willing to consider a lease-back arrangement following closing, subject to mutually acceptable terms. A compelling opportunity for those seeking land in a desirable and strategically located area with substantial surrounding development. Property being sold in as is where is condition.

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. Age51-99
Size< 700 sq. ft.
Property Tax$5,831
Lot Size24.62 ft x 121.08 ft
mls© NumberW13723890
Listed ByNEW ERA REAL ESTATE

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%
$4,351
Property tax
$486
Heat allowance
$150
Housing costs
$4,987 / mo

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

Down payment20% · $170,000
25-yr amortization

Income needed

$153,000

gross annual household income

Payment at 4%
$3,577 / mo
Cash down
$170,000

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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