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Listed 15 days ago

1199 Melton Drive

Lakeview, Mississauga

$1,269,000

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

Welcome To Lakeview Living At Its Finest! This Charming 4-Bedroom Back-Split Is Ideally Situated In One Of Mississauga's Most Desirable Communities, Surrounded By Stunning Multi-Million-Dollar Custom Homes And Endless Possibilities. Whether You're Looking To Renovate, Expand, Or Build Your Dream Home From The Ground Up, This Property Offers Incredible Potential. The Functional Layout Features Three Spacious Bedrooms On The Upper Level, A Versatile Fourth Bedroom On The Lower Level, And A Large Family Room With A Walk-Out To A Private Backyard-Perfect For Entertaining, Relaxing, And Creating Your Own Outdoor Oasis. Adding To The Home's Versatility Is A Bright Solarium Featuring Soaring Ceilings, A Skylight, And A Walk-Out To The Backyard. Currently Used As A Home Gym, This Flexible Space Offers Endless Possibilities As A Sun-Filled Retreat, Home Office, Studio, Or Additional Living Space. The Fully Finished Basement Provides Even More Living Space, Featuring A Second Kitchen And A Spacious Recreation Area, Ideal For Extended Family, Guests, A Home Office, Or Additional Flexibility To Suit Your Lifestyle. Enjoy A Prime Location On The Mississauga-Etobicoke Border With Unbeatable Convenience. Minutes To The QEW, Public Transit, Sherway Gardens, Shopping, Dining, And Everyday Amenities. Enjoy Weekend Walks At Laughton Heights Park, Explore The Etobicoke Creek Trails, Or Tee Off At The Nearby Lakeview And Toronto Golf Courses. A Rare Opportunity For Builders, Investors, Or Families Looking To Create Something Truly Special In A Thriving And Connected Community. Don't Miss Your Chance To Make Your Mark In Lakeview! TOTAL SQFT 2365, Above Ground 1768 and Below 595. Excludes Area: Storage, Utility Room, Solarium, Fireplace, Garage and Porch. Refer To Floor Plan and (Estimated) Measurements.

Extras

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Contact Sell with Strategy.

Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
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

  • 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%
$6,495
Property tax
$622
Heat allowance
$150
Housing costs
$7,267 / mo

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

Down payment20% · $253,800
25-yr amortization

Income needed

$224,000

gross annual household income

Payment at 4%
$5,340 / mo
Cash down
$253,800

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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