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Listed 11 days ago

17 Ben Machree Drive

Port Credit, Mississauga

$1,999,999

Detached|Bungalow
3 | 2 | 3
About this home

Attention builders and investors- rare opportunity to secure a development site in the heart of Port Credit, located south of Lakeshore Road and just steps to Lake Ontario. This exceptional 75 ft frontage lot previously received conditional severance approval for two detached custom home parcels (application has since lapsed). The property includes a livable existing home,ideal for rental or holding income while redevelopment plans are advanced. Surrounded by luxury custom homes and numerous successfully severed properties in a rapidly evolving enclave, thisis a standout opportunity to unlock significant value in one of Mississauga's most prestigious lakeside communities. Sold As is where is.

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
StyleBungalow
Approx. AgeNot available
Size1100-1500 sq. ft.
Property Tax$10,566
Lot Size75 ft x 160 ft
mls© NumberW13604956
Listed BySUTTON GROUP - SUMMIT 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%
$10,237
Property tax
$881
Heat allowance
$150
Housing costs
$11,267 / mo

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

Down payment20% · $400,000
25-yr amortization

Income needed

$347,000

gross annual household income

Payment at 4%
$8,416 / mo
Cash down
$400,000

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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