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Listed 14 days ago

1528 Knareswood Drive

Lorne Park, Mississauga

$1,899,900

Detached|Bungalow
4 | 4 | 8
About this home

All Brick Bungalow Boasting 2810sqft above grade + 1710sqft basement = 4520sqft Total. This Spacious Home Features Hardwood Floors Throughout The Main Floor, 3 Fireplaces Total, 3 Baths on the Ground Level Plus Another Full Bath In The Basement, Coffered Ceilings in the Oversized Family Room with a B/I Drybar and R/I to Complete A Wetbar. A U-Shaped Kitchen With An Eat-In Breakfast Room & B/I Pantry Shelves. Most Windows Have Been Updated in 2013. Roof 2015 & Mansard 2014. This Property is Nestled into A Private, and Mature Neighborhood Bordering The Credit River. A Muskoka In The City Backyard Features a 20x40ft Inground Concrete Pool With Peace & Tranquility At The Top of The List. This Sun Drenched Backyard Faces Desirable South-West. Property Measures an Impressive 91 x 191ft. A Separate Side Entrance Into The Basement Walks Into A Large Rec Room, and 2 Additional Bedrooms Each With W/I Closets. An Extra-High Garage Ceiling Opens Up Premium Over Head Real Estate, Great For A Car Lift Or Additional Storage. Potential To Customize. Excellent School District, Parks & Port Credit Village Nearby. Welcome to Lorne Park.

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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
StyleBungalow
Approx. Age51-99
Size2500-3000 sq. ft.
Property Tax$13,500
Lot Size91.09 ft x 191.43 ft
mls© NumberW13592704
Listed ByREMAX YOUR COMMUNITY REALTY

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%
$9,725
Property tax
$1,125
Heat allowance
$150
Housing costs
$11,000 / mo

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

Down payment20% · $379,980
25-yr amortization

Income needed

$338,000

gross annual household income

Payment at 4%
$7,995 / mo
Cash down
$379,980

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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