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$2.20M · 2 bed Detached · Lorne Park, Mississauga | MyPropertyScout

$2,200,000

1050 Lorne Park Road

21Vacant

Map

⚡ Insider Deal

↓ $300,000POSPrice ReducedMotivated Seller/Vacant PropertyEstate SaleFixer Upper

$2,200,000

DOM143days

1050 Lorne Park Road

Mississauga · Ontario L5H 3A2

MLS® W12747000 · Lorne Park · L5H 3A2

21Vacant1100-1500 ft²Detached1-car Detached143d$1,692/ft²Lot 137.3 x 96.3 ft$8,519 tax/yrBuilt 195175 yrs old

143 days on market

About this home

ATTENTION BUILDERS & DEVELOPERS - Rare offering - 0.5 Acre Lot w/ stucco bungalow in a sought after Lorne Park Location. 137 ft fronting on Lorne Park Rd & 70 Feet fronting on Quiet Veroli Crt, There are many possibilities for severance and/or development. Home is being sold in "as is, where is" condition. Lorne Park School District.

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Property details

MLS#: W12747000
Status: Buy Now
Beds: 2
Baths: 1 full, 0 half
Size: 1100-1500
Style: Bungalow
Type: Detached
Year built: —

Roof: Asphalt Shingle
Foundation: Concrete Block

Garage: 1-car Detached
Garage spaces: 1
Parking: 4 total
Lot: 137.33 × 96.33
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Aluminum Siding, Stucco (Plaster)
Fronting on: South
Cross street: Lakeshore Rd W/Lorne Park Rd
Basement: Partially Finished
Stories: —
Utilities: —
Laundry: —
Interior: Other, Primary Bedroom - Main Floor
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Main	Mud Room	2.34m × 2.34m
Main	Living Room	4.04m × 5.05m
Main	Dining Room	3.05m × 3.66m
Main	Kitchen	3.35m × 3.76m
Main	Primary Bedroom	3.05m × 4.67m
Main	Bedroom	2.39m × 3.91m
Main	Family Room	4.04m × 4.75m
Lower	Laundry	3.96m × 4.88m
Lower	Other	3.25m × 7.54m
Lower	Other	3.25m × 3.81m
Lower	Other	0.33m × 7.19m
Lower	Other	3.15m × 3.96m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Source: TRREB/PROPTX · MLS® W12747000

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$2.20M

1050 Lorne Park Road · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $2,200,000✓ $8,519 tax✓ Gas✓ 1100-1500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$15,250/mo

incl. closing costs (yr 1)

Annual total

$182,999

year 1

Mortgage only

$8,346/mo

principal + interest

Beyond mortgage

$2,989/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$440,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$710/mo

Utilities

Hydro / electricity$91/mo

≈ $0.07/ft² × ~1,300 ft² · ON avg ~$91/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$22,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$41,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)55% $100,153/yr

Property taxes27% $49,994/yr

Utilities2% $4,152/yr

Insurance & security1% $1,600/yr

Maintenance12% $22,000/yr

Closing costs3% $5,100/yr

Mortgage is 55% of your true cost of ownership. The other 45% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$100,153	$8,346/mo
Government & taxes
Property tax	$8,519	$710/mo
Land transfer tax(closing)	$41,475	$3,456/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,092	$91/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$22,000	$1,833/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$182,999	$15,250/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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1050 Lorne Park Road

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs