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Listed 1 month ago

1072 Orchard Road

Lakeview, Mississauga

$1,198,000

Detached|1 1/2 Storey
3 | 3 | 4
About this home

Welcome to 1072 Orchard Drive, a rare redevelopment opportunity in the highly sought-after Lakeview neighbourhood of South Mississauga. Set on an expansive 50' x 200' lot, this premium property presents an outstanding opportunity for builders, investors, or end users looking to create a custom home in one of the city's fastest-transforming communities. Surrounded by luxury custom residences, this property offers the ideal canvas to design and build a spectacular new home. Zoned RL, the property permits detached and semi-detached dwellings, with the potential for an accessory dwelling unit, subject to City of Mississauga approvals. The zoning allows for approximately 4,000 sq. ft. of above-grade living space (ground floor and second floor). The existing home was renovated in 2018 and has been tenant occupied, offering excellent flexibility as a holding property. Whether you choose to live in the home, continue generating rental income, or lease it while designing and permitting your future custom build, this property provides exceptional short- and long-term value. Ideally located in the heart of Lakeview, residents will enjoy easy access to the vibrant waterfront, parks, trails, marinas, golf courses, and the exciting Lakeview Village redevelopment. Excellent schools, shopping, restaurants, and everyday amenities are nearby, while commuters benefit from quick access to the QEW, Highways 427 and 403, and both Long Branch and Port Credit GO Stations, making travel throughout the GTA effortless. Whether you're looking to build, invest, or hold for the future, 1072 Orchard Drive offers exceptional potential in one of South Mississauga's most desirable neighbourhoods.

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Got questions?

Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$6,995
Lot Size50 ft x 200 ft
mls© NumberW13517676
Listed ByRoyal LePage Real Estate Associates

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%
$6,132
Property tax
$583
Heat allowance
$150
Housing costs
$6,865 / mo

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

Down payment20% · $239,600
25-yr amortization

Income needed

$211,000

gross annual household income

Payment at 4%
$5,041 / mo
Cash down
$239,600

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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