$1,575,000

$1,749,999For salePrice drop↓ $174,999 (10%)

1519 Elite Road, Mississauga (Lorne Park) - Single Family for Sale

1519 Elite Road, Mississauga (Lorne Park), Ontario, L5J3B3

5 beds2 baths8 parking2,250 ft²100 × 131 ft (13,166 sq ft) lot sizeListed 37 days ago

Overview

This 5-bedroom, 2-bathroom home in Mississauga is for sale offering roughly 2,250 sq ft of space. Listed at $1,575,000, it is attractively priced about 34% below the $2,397,500 median asking price in Mississauga. It has been on the market 37 days, fresher than the Mississauga average of 59 days.

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Description

This rare 100-ft frontage lot offers an exciting canvas for builders, investors, or those dreaming of creating a custom residence perfectly tailored to their lifestyle. Surrounded by impressive custom-built homes and in a mature, established neighbourhood. The existing bungalow boasts approximately 2,100 sq. ft. of above-grade living space and offers plenty of potential to renovate, reimagine, or make your own. Step outside to a private backyard perfect for enjoying long summer days with family and friends.Families will appreciate the convenience of being within walking distance of Lorne Park Secondary School, while commuters will love the easy access to Clarkson GO and the QEW.Just minutes away, discover the vibrant shops, restaurants, cafes, and waterfront trails of Port Credit, adding an exceptional lifestyle component to this already sought-after location.Whether you envision transforming the existing home or building your dream residence from the ground up, this rare Lorne Park property offers endless possibilities. (id:66096)

Property Details

MLS®: W13835528
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 5 above · 0 below
Bathrooms: 2
Parking: 8
Interior Size: 2,250 ft²
Lot Size: 100 × 131 ft (13,166 sq ft)
Frontage: 100 ft
Storeys: 1
Style: Bungalow
Basement: Finished, Partial
Heating: Radiant heat, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Fireplace: Yes
Pool: Yes
Ownership

Rooms

Main level

Living room: 6.86 x 4.06 meters
Dining room: 4.04 x 3.45 meters
Kitchen: 5.26 x 3.45 meters
Primary Bedroom: 4.17 x 3.73 meters
Bedroom 2: 3.07 x 4.65 meters
Bedroom 3: 2.97 x 3.45 meters
Bedroom 4: 4.98 x 3.4 meters
Bedroom 5: 4.34 x 3.43 meters

Basement

Recreational, Games room: 6.68 x 4.04 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Freezer, Window Coverings, Garage door opener remote(s)
Foundation: Block
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

37d

Mississauga (Lorne Park) listings, avg age

59d

Price / ft²

$700

List price

$1.57M

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed single family in Mississauga (Lorne Park) has been listed for 37 days, which is 22 days fresher than the city average of 59. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE · MICHAEL PHINNEY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5J)

This home lists at $1,575,000, about 14.7× the local median household income of $107,000.

Carrying it typically needs a household income of about $307,653 (20% down, 25-yr amortization, stress-tested) — roughly 188% above the area median.

Median household income: $107,000
Population: 28,208
Median age: 43.2
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L5J)

$1,575,000· $700/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $315,000

Min 20%50%

Mortgage payment$6,717/mo

Property tax (est.)$907/mo

Total monthly$7,624

Cash Needed to Close

Down payment (20%)$315,000

Land transfer tax$27,975

Est. closing costs$7,225

Total cash needed$350,200

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