1631 Eglinton Avenue W
1631 Eglinton Avenue W
$1,490,000
23 days on market
About This Listing
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.
| Monthly Mortgage (P&I) | $6,492 |
| Property Tax (MLS) | $776 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $7,268 |
Down payment: $298,000 (20.0%) · Mortgage: $1,192,000
Property tax uses MLS annual tax of $9,315/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by ROYAL LEPAGE ELITE REALTY
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Data last updated: August 23, 2026 at 04:25 a.m.