$1,200,000

For sale

5419 Loonlake Avenue, Mississauga (East Credit) - Single Family for Sale

5419 Loonlake Avenue, Mississauga (East Credit), Ontario, L5V2E1

4 beds3 baths4 parking1,300 ft²44 × 118 ft (5,219 sq ft) lot sizeListed 22 days ago

Overview

This 4-bedroom, 3-bathroom home in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $1,200,000, it is attractively priced about 8% below the $1,299,900 median asking price in Mississauga. It has been on the market 22 days, fresher than the Mississauga average of 53 days.

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Description

RARELY OFFERED RAISED BUNGALOW IN PRIME EAST CREDIT! A standout opportunity just minutes from Heartland Town Centre, BraeBen Golf Course, highways, transit, parks & everyday amenities. This beautifully upgraded, move-in ready home offers a bright open-concept layout with large windows, beautiful flooring & spacious principal rooms designed for comfortable living and entertaining. The upgraded chef-inspired kitchen features generous counter space, backsplash, upgraded appliances, pantry & walkout to the recently upgraded deck overlooking a fully fenced 117-ft deep lot. Enjoy the convenience of main-floor laundry, direct garage access, upgraded garage doors & double-door entry. The fully finished lower level is exceptionally bright with oversized windows, a gas fireplace, second kitchen & additional bedroom-an ideal layout for extended or multi-generational families. Turnkey, spacious & seldom available, this distinctive raised bungalow is truly one of a kind in today's market. (id:66096)

Property Details

MLS®: W14083086
Property Type: Single Family
Bedrooms: 4
Beds (above / below): 3 above · 1 below
Bathrooms: 3
Parking: 4
Interior Size: 1,300 ft²
Lot Size: 44 × 118 ft (5,219 sq ft)
Frontage: 44 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, N/A
Heating: Forced air, Electric, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Dining room: 4.5 x 2.7 meters
Kitchen: 4.4 x 2.87 meters
Family room: 5.7 x 3.3 meters
Primary Bedroom: 5.6 x 3.2 meters
Bedroom 2: 3.3 x 3.02 meters
Bedroom 3: 3.7 x 3.3 meters

Lower level

Kitchen: 3.04 x 6.09 meters
Family room: 6 x 7.02 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, Dishwasher, Stove, Dryer, Freezer, Water Heater
Flooring: Hardwood, Ceramic
Foundation: Poured Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

22d

Mississauga (East Credit) listings, avg age

53d

Price / ft²

$923

List price

$1.20M

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 4-bed single family in Mississauga (East Credit) has been listed for 22 days, which is 31 days fresher than the city average of 53. Act while there is still low competition.

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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY · GEORGE REPPAS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5V)

This home lists at $1,200,000, about 9.5× the local median household income of $126,000.

Carrying it typically needs a household income of about $234,402 (20% down, 25-yr amortization, stress-tested) — roughly 86% above the area median.

Median household income: $126,000
Population: 49,149
Median age: 39.6
Owner / renter: 83% / 18%
Avg. household size: 3.6

Source: Statistics Canada, 2021 Census (FSA L5V)

$1,200,000· $923/ft²

For sale

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Full Cost Breakdown

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Down Payment7.92% · $95,000

Min 7.92%50%

Mortgage payment$6,126/mo

↳ CMHC premium ($44,200 capitalized)

Property tax (est.)$588/mo

Total monthly$6,715

Cash Needed to Close

Down payment (7.92%)$95,000

Land transfer tax$20,475

Est. closing costs$6,100

Total cash needed$121,575

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