1623 Magenta Court, Mississauga

$3,990,000
1623 Magenta Court

$3,990,000

New
18d
DetachedBungalow-Raised

1623 Magenta Court, Mississauga

Total Monthly Obligation $17,352

Beds
5
Baths
8
Park
6
Sqft
3000-3500
DOM
18d
Yield
1.7%
Cash on Cash
-15.3%
Cap Rate
1.3%
5Y IRR
3.7%
10Y IRR
5.5%
Property Type-Detached
MLS® Number-W13883908
Beds-5
Bathrooms-8
Size-3000-3500 sqft
Lot Size-115 × 105 ft
Listed on site-Oct 5, 2026
Style-Bungalow-Raised
Building Type-Detached
Age-New
Taxes-$10,585.27 (2026)
Parking-8 - Detached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-MODERN SOLUTION REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Stone
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-Immediate / TBA
Neighbourhood-Mineola
Title-Residential Freehold

No agent assigned

Prime opportunity for contractors, builders, and investors to take over an advanced-stage luxury project in prestigious Mineola West. Approximately 90% of construction is complete, significantly reducing the time, cost exposure, and complexity associated with starting a custom build from the ground up. Designed as an approximately 6,500 sq. ft. Raised Bungalow, the residence features high-quality materials throughout, with the remaining finishes ready to be customized. All architectural drawings and a detailed breakdown of completed and outstanding work are available upon request, allowing qualified buyers to assess the remaining scope. The existing architecture and the contractor are willing to cooperate with the new owner, offering valuable continuity and firsthand knowledge of the project. A rare chance to acquire a substantially completed custom-home project, shorten the path to completion, and unlock its full potential in one of Mississauga's most sought-after neighbourhoods.

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Closing Costs

Mortgage Amount
$3,192,000
Land Transfer Taxes$86,225
Legal Fees (Est.)
$
Total cash required for closing$885,725

Total Monthly Obligation

$17,352/mo
Mortgage $16,095
Monthly Loss $13,116
Principal$4,235
Interest$11,859
Property Tax$882
Home Insurance$125
Variable Costs$250

No rent estimate available. Enter a monthly rent in Assumptions & Inputs below to calculate.

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*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 1623 Magenta Court

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