Overview

This lot in Mississauga is for sale. It has been on the market 57 days, fresher than the Mississauga average of 60 days.

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Description

The vacant land is located south of the QEW on the west side of Hurontario Street in the desirable Mineloa Neighbourhood of Mississauga. The area benefits from excellent connectivity via major arterial routes including lakeshore road, Huronatario street, and the QEW, with the GO transit rail service running along the southern boundary of the community. Mineloa is well established neighbourhood offering a mix of residential and select commercial uses. The property is situated within the Hurontario LRT corridor, an area identified for increased density and intensification. The site presents a development opportunity for 18 townhome dwellings accessed by a private condominium road. The existing r1-1 zoning permits a range of low density residential uses including detached semi-detached and duplex dwellings. (id:66096)

Property Details

MLS®: W13763056
Property Type: Vacant Land
Business Type: Residential
Zoning: H-RM4-80 By-Law NO. 0226-2022
Lot Size: 41,382 sq ft (0.95 ac)
Frontage: 100 ft
Price per Acre: $7,683,158 per acre
Property Tax: $47,826.68/yr
Listed: 57 days ago

Market Timing

Days on market

57d

Mississauga (Mineola) listings, avg age

60d

List price

$7.30M

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 vacant land in Mississauga (Mineola) has been listed for 57 days, which is 3 days fresher than the city average of 60. Act while there is still low competition.

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Area context

Neighbourhood profile (L5G)

This home lists at $7,299,000, about 76.8× the local median household income of $95,000.

Carrying it typically needs a household income of about $1,425,750 (20% down, 25-yr amortization, stress-tested) — roughly 1401% above the area median.

Median household income: $95,000
Population: 20,714
Median age: 45.2
Owner / renter: 57% / 43%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L5G)

$7,299,000

For sale

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Financing

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1575 Hurontario Street, Mississauga (Mineola) - Vacant Land for Sale