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New2 hours ago

3274 Mississauga Road

Erin Mills, Mississauga

$2,749,000

Detached|Bungalow
3 | 2 | 6
About this home

Attention Builders and Developers! An exceptional opportunity awaits with this prime building site. Conditional severance had already been approved for two lots in the past, offering flexibility and immense development potential. Architectural drawings for a luxurious 6,800 sq. ft. home are available, simplifying the development process. Currently, the property is tenanted at $3,150/month plus utilities, with tenants willing to stay or vacate, providing immediate rental income or a vacant site ready for your vision. This is an unmatched chance to develop in a desirable and evolving area. Whether you plan to build two modern homes or a single luxury residence, this property offers the foundation for a highly profitable venture. Proximity to UTM (University of Toronto Mississauga) Ideal for future tenants or buyers.Walking distance to essential amenities, including shopping, dining, and transit

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agent
Angela Montano
(647) 283-2643
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1500-2000 sq. ft.
Property Tax$9,977
Lot Size100 ft x 190.57 ft
mls© NumberW13781732
Listed ByRE/MAX REAL ESTATE CENTRE INC.

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$14,071
Property tax
$831
Heat allowance
$150
Housing costs
$15,052 / mo

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

Down payment20% · $549,800
25-yr amortization

Income needed

$463,000

gross annual household income

Payment at 4%
$11,568 / mo
Cash down
$549,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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