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New8 hours ago

551 Cochise Crescent

Lorne Park, Mississauga

$2,000,000

Detached|Bungalow
3 | 3 | 6
About this home

Nestled within a picturesque riverfront community surrounded by sprawling estate homes, this timeless bungalow is set on a spacious 100x125-foot corner lot in one of Lorne Park's most sought-after neighbourhoods. Blending classic design with thoughtful modern updates, this home offers the charm and privacy of an established community with unique flexibility to customize and move in, renovate, expand, or redevelop. Light oak hardwood floors flow throughout the bright, inviting main level. At the heart of the home is the beautifully updated kitchen, featuring porcelain countertops, a large centre island, hidden pantry storage and warm open wood shelving that perfectly balances style and function. Open to the kitchen, the welcoming family room features a cozy gas fireplace, creating the perfect gathering space for everyday living and entertaining. Start your mornings watching the sunrise from the airy dining room, complete with a walk-out to the deck, a spiral staircase to the lower level, vaulted ceilings and striking arched windows overlooking the mature, private backyard. A versatile front room offers the flexibility to serve as a home office, den or additional bedroom, complete with a rough-in for a future bathroom.The primary suite features hardwood floors, a walk-in closet and a 4-piece ensuite, while two additional bedrooms provide comfortable accommodation for family or guests. The walk-out lower level offers outstanding potential, already featuring a 4th bedroom and bathroom, with ample space to create additional living areas, a custom recreation room or an in-law or secondary suite with its own separate entrance. Located in the heart of Lorne Park, you'll enjoy top-rated schools, parks, trails, lake front amenities and convenient access to Mississaugua Golf and Country Club, Clarkson GO, Port Credit GO & QEW. A rare opportunity to secure a premium property in one of Mississauga's most desirable neighbourhoods and make it your own.

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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
Size1500-2000 sq. ft.
Property Tax$14,241
Lot Size125.27 ft x 100.3 ft
mls© NumberW13644804
Listed ByRE/MAX REALTY ENTERPRISES 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
$1,187
Heat allowance
$150
Housing costs
$11,574 / mo

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

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

Income needed

$356,000

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

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