Homula Realty Brokerage
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5,6 43R-16290 Matheson Boulevard E, Mississauga, ON L4W 0B2

Land
$8,848,000

Introducing a Unique and Rare Vacant 2.25 Acre Industrial Lot in Prime Airport Corporate Community Mississauga, Ontario Canada. Very close to major highways 401 427 410 and 403. Located at the intersection of Matheson Blvd E. and Spectrum Way, this fantastic, rare site has great exposure and is in walking distance to the newly built Spectrum Station. The station is a part of the MiWay transit system, which operates both MiLocal (local buses) and MiExpress (express buses) route. This development land is ideally located in the heart of prime real estate in close proximity to many prestige large corporate offices; Canon, Bell Canada, Maersk Shipping, Hewlitt Packard to name a few. *** Seller may assist in financing***

MLS number
W12903238
Type
Land
Status
Active
Bedrooms
—
Bathrooms
—
Postal code
L4W 0B2
Photos
3
Property tax
$56,092 / year
177days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

This address could not be placed on the mapHomula matches addresses against open government address data, and this one found no match — so the map, the nearby schools and the school boundaries are all unavailable for this listing. It is a gap in our data, not a property without schools nearby.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$1,769,600 · minimum here is $1,769,600
$39,177.03per month
Borrowed before insurance$7,078,400
Total borrowed$7,078,400
Interest over 25 years at 4.5%$4,674,709

If you rented it out

-$43,851.36per month out of pocket
Rent$0.00
Everything it costs to hold$43,851.36
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by ROMULUS REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.