$1,590,000
1631 EGLINTON AVENUE W
Beds
0
Baths
—
Sqft
—
Year
—
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Mississauga (Erin Mills). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
VERY RARE LAND OPPORTUNITY OVERLOOKING THE CREDIT RIVER. Take advantage of The City of Mississauga / Region of Peel and Provincial Government Development charge reductions and Deferral / Grant programs, Multi-residential tax charge reductions and the Ontario Government HST rebate program. Incredible opportunity to capitalize on multiple Municipal and Provincial programs. There is the opportunity to sever the lot, as well as the possible construction of a single, semi, triplex or fourplex residential/rental structure on the site, based on preliminary discussions with the City of Mississauga. Seller is willing to consider a 5 year Vendor Take Back mortgage and is open to proposals from Developers and Investors to build now or hold for later development. The site is surrounded by parks, trails, fishing, and easy access to shopping, transportation routes and schools. You can hear the Credit River running from your backyard !! The current 2-bedroom structure needs to be removed, thus the property is being sold "as is where is". Site is serviced and easily accessible for demolition and construction. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Erin Mills
- Common interest
- Freehold
- Lot dimensions
- 90 x 231.3 FT ; 36.1X58.02X177.04X90.13X198.79
- Bedrooms
- 0 above grade
- Parking
- 0 total
- On market
- Apr 27, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $9,315
- Zoning
- G RESIDENTIAL
- Photos
- 11
- MLS#
- W13049354
- Area
- MISSISSAUGA_(ERIN_MILLS)
Features and systems
Parking
Basement
Heating
Cooling
Exterior
Foundation
Lot
Utilities
Cash on cash
-6.37%
Cap rate
3.59%
GRM
16.7
Break-even rent
$9,728
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.