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New4 hours ago

1083 Melton Drive

Lakeview, Mississauga

$1,125,000

Detached|Bungalow
3 | 2 | 5
About this home

A window above the sink. A kitchen with walls. Ceilings worked by hand, arc by arc. The things people ask builders to recreate are still here, because in 56 years and 2 generations, it was valued. Hand-Swirled Ceilings: Finished overhead manually with a trowel and considerable patience. The texture holds light and shadow that flat drywall cannot, and would be much more expensive to recreate in a home today. A Kitchen With Walls: Oversized and eat-in, with abundant cabinetry, generous counter space, room for a full breakfast table, and 2 windows for natural light. Hosting here means pots & noise stay separate, so the dining room can focus on entertaining without distraction. A South-Facing Picture Window: oversized, framing the front yard like a canvas, with sunlight carrying through the middle of the day, and low winter light reaches across the living room. A Garden You Inherit With The Keys: A rose bush rooted at the side of the house since the year it was built, a mature garden that cannot be bought but only grown, and a vegetable bed that has fed this family for years. Shade, privacy and produce from your first season. The rest: 2,400 SF of total living space on both levels, 8' ceilings and original hardwood on main floor, 3 generously sized bedrooms, and a compartmentalized 3-piece semi-ensuite with separate water closet. The lower level is a home within a home: a sprawling family room anchored by a wood-burning fireplace, a 2nd kitchen, a 3-piece bath, a bedroom, and a side entrance with the potential to make it fully self-contained. Room for a growing family or multigenerational living, with potential* for an income unit, legal suite, or future 2nd storey on this 50'x125' lot. Melton Drive has held its reputation for more than half a century, with schools, lake trails, parks, Sherway Gardens and the QEW close by. Entrusted, not just listed. [*buyers conduct due diligence on zoning requirements for specific needs]

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$7,034
Lot Size50 ft x 125.82 ft
mls© NumberW13735836
Listed ByRE/MAX REALTY ENTERPRISES INC.

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%
$5,758
Property tax
$586
Heat allowance
$150
Housing costs
$6,494 / mo

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

Down payment20% · $225,000
25-yr amortization

Income needed

$200,000

gross annual household income

Payment at 4%
$4,734 / mo
Cash down
$225,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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