298 Lakeshore Road E
Port Credit, Mississauga
$2,999,900
Exceptional Development Opportunity on Main Street! C4-43 Commercial Zoning with grandfathered 6-storey height potential and approximately 54,000 sq. ft. of buildable space. Flexible development possibilities including freehold stacked townhomes, commercial/retail uses with apartments above, office, and other permitted uses. Property is being sold primarily for its outstanding redevelopment potential. Building viewing available with an acceptable offer.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | 51-99 |
| Size | 1500-2000 sq. ft. |
| Property Tax | $44,719 |
| Lot Size | 54.63 ft x 175 ft |
| mls© Number | W13876564 |
| Listed By | ROYAL LEPAGE REAL ESTATE ASSOCIATES |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $15,355
- Property tax
- $3,727
- Heat allowance
- $150
- Housing costs
- $19,231 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$592,000
gross annual household income
- Payment at 4%
- $12,624 / mo
- Cash down
- $599,980
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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