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New5 days ago

1518 Cawthra Road

Mineola, Mississauga

$849,000

Detached|1 1/2 Storey
4 | 1 | 20
About this home

Incredible opportunity in the highly coveted Mineola neighbourhood! Set on an expansive 50 x 220ft lot this exceptional property is a rare gem and offers great potential for families, investors, live/work set up and home-based business owners looking for maximum exposure or ideal for handyman/contractors looking for a property with great development potential. The large driveway accommodates up to 20 vehicles and the home features 4 bedrooms, a generous living room, a family sized kitchen plus a sun-filled family room. Conveniently located close to major highways, shopping centres, public transportation, GO transit, parks, schools, community centre & so much more! A rare chance to secure a large lot in a prestigious neighbourhood with exceptional exposure and versatility-opportunities like this don't come often. Location, location, location!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeDetached
Style1 1/2 Storey
Approx. Age51-99
Size1100-1500 sq. ft.
Property Tax$7,713
Lot Size50 ft x 220 ft
mls© NumberW13621970
Listed ByRE/MAX WEST 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%
$4,346
Property tax
$643
Heat allowance
$150
Housing costs
$5,138 / mo

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

Down payment20% · $169,800
25-yr amortization

Income needed

$158,000

gross annual household income

Payment at 4%
$3,573 / mo
Cash down
$169,800

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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