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New3 hours ago

1550 Woodeden Drive

Lorne Park, Mississauga

$1,499,999

Detached|2-Storey
4 | 4 | 4
About this home

OPPORTUNITY to get into LORNE PARK for a discount!!!! SAVE ON utility bills with solar panels!! Reduced monthly expenses! Or rent out the legal 2-bedroom basement apartment, or use it as a 1-bedroom and keep half the basement for yourself!! This family home is in the heart of sought-after Lorne Park. Tucked away on a quiet, tree-lined street and backing onto a park, this beautifully maintained home offers privacy, space, and natural surroundings.Offering four generously sized bedrooms, four bathrooms, and a legal basement apartment with an additional kitchen, two bedrooms, and a bathroom, the home offers excellent income or extended-family potential-or a separate living space for a university-aged son or daughter. Airbnb could also be an option, with the potential to bring in close to $3K a month!Highlights include hardwood floors, an upgraded kitchen, spa-inspired bathrooms, and tasteful finishes throughout. Step outside to a private backyard retreat with a deck and mature landscaping.Located within walking distance of top-rated schools, the Port Credit waterfront/marina, and recreation. Just minutes from the QEW, Mississauga Golf & Country Club, Port Credit Village, and lakefront parks and trails.

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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
Style2-Storey
Approx. AgeNot available
Size2000-2500 sq. ft.
Property Tax$10,525
Lot Size60 ft x 125 ft
mls© NumberW13659002
Listed ByRoyal LePage Real Estate Associates

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%
$7,678
Property tax
$877
Heat allowance
$150
Housing costs
$8,705 / mo

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

Down payment20% · $300,000
25-yr amortization

Income needed

$268,000

gross annual household income

Payment at 4%
$6,312 / mo
Cash down
$300,000

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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