$2,399,999

For saleJust listed

1615 Portsmouth Place, Mississauga (East Credit) - Single Family for Sale

1615 Portsmouth Place, Mississauga (East Credit), Ontario, L5M7W2

7 beds6 baths9 parking3,250 ft²123 × 159 ft (19,585 sq ft) lot sizeListed Today

Overview

This 7-bedroom, 6-bathroom home in Mississauga is for sale offering roughly 3,250 sq ft of space. It has been on the market 0 days, fresher than the Mississauga average of 53 days.

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Description

LEGAL BASEMENT APARTMENT! Welcome to 1615 Portsmouth Pl, an exceptional 4-bedroom detached home on a premium oversized lot in desirable East Credit. Offering approx. 5,000 sq. ft. of living space, this spacious home features hardwood floors, crown moulding & adjustable LED pot lights. The main level offers separate living & dining rooms, family room, private office with French doors & a spacious kitchen with S/S appliances, centre island & ample cabinetry. Upstairs, the primary bedroom features a W/I closet & 5-pc ensuite, while the 2nd bedroom has its own 4-pc ensuite. Two additional bedrooms & a versatile den complete the upper level. LEGAL BASEMENT APARTMENT with separate entrance features 3 bedrooms, 2 full baths, den, kitchen & living area-ideal for extended family or potential rental income. Rare 3-CAR ATTACHED GARAGE + 6-car driveway parking. Prime location near Heartland Town Centre, Ridgway Plaza, Erin Mills Town Centre, Streetsville, schools, parks, transit & Hwys 401, 403 & 407. A rare opportunity offering exceptional space, versatility, income potential & abundant parking! (id:66096)

Property Details

MLS®: W14152860
Property Type: Single Family
Bedrooms: 7
Beds (above / below): 4 above · 3 below
Bathrooms: 6
Half Baths: 1
Parking: 9
Interior Size: 3,250 ft²
Lot Size: 123 × 159 ft (19,585 sq ft)
Frontage: 123 ft
Storeys: 2
Basement: Apartment in basement, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $12,369.43/yr

Rooms

Main level

Family room: 3.89 x 5.5 meters
Living room: 4.34 x 3.94 meters
Dining room: 4.37 x 3.94 meters
Kitchen: 4.61 x 3.96 meters
Office: 3.33 x 2.93 meters

Basement

Living room: 9.18 x 4.05 meters
Kitchen
Bedroom
Bedroom 2
Bedroom 3
Den

Second level

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Flooring: Tile, Hardwood, Vinyl
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Mississauga (East Credit) listings, avg age

53d

Price / ft²

$738

List price

$2.40M

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 7-bed single family in Mississauga (East Credit) has been listed for 0 days, which is 53 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX OPTIMUM REALTY · PARVEEN ARORA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5M)

This home lists at $2,399,999, about 20.3× the local median household income of $118,000.

Carrying it typically needs a household income of about $468,804 (20% down, 25-yr amortization, stress-tested) — roughly 297% above the area median.

Median household income: $118,000
Population: 106,468
Median age: 39.6
Owner / renter: 77% / 23%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L5M)

$2,399,999· $738/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $479,999.80

Min 20%50%

Mortgage payment$10,235/mo

Property tax (est.)$1,031/mo

Total monthly$11,266

Cash Needed to Close

Down payment (20%)$480,000

Land transfer tax$46,475

Est. closing costs$9,700

Total cash needed$536,175

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