$2.26M · 4 bed Detached · Lorne Park, Mississauga

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About this home

Welcome to 1549 Elite Road in prestigious Lorne Park, Mississauga, forested 100-foot lot offering both privacy and elegance. This completely renovated home features a modern open-concept design with soaring vaulted ceilings and seamless walkouts to a stunning 1,284 sq.ft. two-level wraparound deck, stunning inground pool surrounded by sleek and frameless glass fence offers both child safety and unobstructed views, ideal for entertaining or relaxing in style. The interior boasts exquisite finishe…

Property details

MLS#

W12981758

Status

Buy Now

Beds

Baths

4 full, 0 half

Size

2000-2500

Style

Sidesplit

Type

Detached

Year built

—

Roof: Asphalt Shingle
Foundation: Concrete
Property features: Library, Park, Place Of Worship, Public Transit, School, Wooded/Treed

Garage: 2-car Attached
Garage spaces: 2
Parking: 8 total
Lot: 100 × 129
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Pool: Yes
Waterfront: No
Exterior: Brick
Fronting on: East
Cross street: Truscott Rd / Lorne Park Road
Basement: Finished
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: Private Double

Rooms

Level	Room	Dimensions
Main	Living Room	4.57m × 7.49m
Main	Dining Room	2.97m × 3.28m
Main	Kitchen	2.97m × 4.88m
Main	Family Room	4.34m × 5.74m
Upper	Primary Bedroom	3.45m × 4.11m
Upper	Bedroom 2	3.1m × 4.34m
Upper	Bedroom 3	1.75m × 3.2m
Lower	Bedroom 4	2.97m × 2.97m
Lower	Laundry	2.97m × 2.97m
Basement	Recreation	3.66m × 8m
Basement	Bedroom	3.48m × 5m
Basement	Great Room	4.09m × 5.49m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $2,260,000✓ $12,324 tax✓ Gas✓ 2000-2500 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$16,036/mo

incl. closing costs (yr 1)

Annual total

$192,434

year 1

Mortgage only

$8,574/mo

principal + interest

Beyond mortgage

$3,423/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$452,000

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

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,027/mo

Utilities

Hydro / electricity$158/mo

≈ $0.07/ft² × ~2,250 ft² · ON avg ~$158/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%$22,600/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$42,975

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)53% $102,885/yr

Property taxes29% $55,299/yr

Utilities3% $4,950/yr

Insurance & security1% $1,600/yr

Maintenance12% $22,600/yr

Closing costs3% $5,100/yr

Mortgage is 53% of your true cost of ownership. The other 47% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$102,885	$8,574/mo
Government & taxes
Property tax	$12,324	$1,027/mo
Land transfer tax(closing)	$42,975	$3,581/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,890	$158/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$22,600	$1,883/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	$192,434	$16,036/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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1549 Elite Road

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Property details

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Annual costs