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1162 NORTHMOUNT AVENUE, Mississauga (Lakeview) — listed at $849,900. Earn buyer cashback at closing. No catches, just more money in your pocket.
Calling all investors and first-time buyers! This fully tenanted three-unit property in Mississauga's sought-after Lakeview neighbourhood is a rare chance to own your home and have it pay you back. Live in one unit while the other two tenants help cover the mortgage, allowing you to enter the market for far less than the cost of renting. Prefer to invest? Current rents sit well below market, meaning there is big upside on cash flow and room for forced appreciation, including potential for an additional loft suite. House-hack it, hold it, or add value. It works for all three. It is minutes to Lakeshore Rd E, the Port Credit waterfront, the QEW and the transformative Lakeview Village waterfront community. Opportunities like this don't last. (id:60164)
Is 1162 NORTHMOUNT AVENUE a good fit for a growing family?+
With 6 bedrooms and 4 bathrooms, there's room for kids plus a guest room or home office.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
What are the ongoing costs beyond the mortgage?+
Budget for annual property taxes of $6,473.01, heating is radiant heat, natural gas. Always verify the latest figures with your agent before making an offer — these change yearly.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Mississauga (Lakeview) before counting on it.
Is there air conditioning?+
Yes — window air conditioner cooling is in place.
How is the home heated? Is it efficient?+
Heating is radiant heat, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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