trreb/IMG-W9368406_1.jpg
109 days on Market

3274 Mississauga Rd, Mississauga, Ontario L5L 1J4

Detached
3
2
- sqft
$2,890,000
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Detached
3
2
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$12,411/mo

Tax Amount (2023)$8,007/yr

Days On Market109 days


Description

Attention Builders and Developers! An exceptional opportunity awaits with this prime building site. Conditional severance had already been approved for two lots in the past, offering flexibility and immense development potential. Architectural drawings for a luxurious 6,800 sq. ft. home are available, simplifying the development process. Currently, the property is tenanted at $3,000/month plus utilities, with tenants willing to stay or vacate, providing immediate rental income or a vacant site ready for your vision. This is an unmatched chance to develop in a desirable and evolving area. Whether you plan to build two modern homes or a single luxury residence, this property offers the foundation for a highly profitable venture. Proximity to UTM (University of Toronto Mississauga) Ideal for future tenants or buyers.Walking distance to essential amenities, including shopping, dining, and transit


Property Details

StyleBungalow
View-
Age of property-
SqFt-
Lot Size19,057 SqFt(190.57 x 100)
Parking Spaces6
MLS ®NumberW9368406
Community NameLower Erin Mills
Data SourceTRREB
Listing byRE/MAX REAL ESTATE CENTRE INC.

Features

Heating: Radiant
Cooling: Central Air
Fireplace
Basement: Fin W/O

Lower Floor

Office

5.45 x 2.50

Broadloom

Family

7.27 x 5.60

Broadloom / Open Concept / W/O To Yard

Dining

5.60 x 3.63

Broadloom / W/O To Yard


Features

Lot size: 19,057 SqFt

Parking

Garage spaces 2

Garage type Detached

Other parking spaces 4

Total parking spaces 6


Property History

Sep 25, 2024
ListedActive
$2,890,000
109 days on market
history photo preview40
Listing by trreb®
Property listed by RE/MAX REAL ESTATE CENTRE INC., Brokerage

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Market Data - Lower Erin Mills

Geo Zone Map ThumbnailLower Erin Mills

Seller's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

52 days

Compared to

2024

35 days

2023

7 days

2022

7 days

New Listings

Past 30 days

21 listings

Compared to

2024

16 listings

2023

7 listings

2022

4 listings

Units sold

Past 30 days

7 units

Compared to

2024

6 units

2023

6 units

2022

11 units

Median Sold Price

Past 30 days

$1,200,000

Compared to

2024

$1,357,500

2023

$1,282,500

2022

$1,625,000


Population and Demographics

Overview

Total population 41369
Average household income $143,772

Age (%)

50 to 64
22%
65 and plus
21%
0 to 19
20%
20 to 34
19%
35 to 49
17%

Household composition (%)

Single family
76%
Single person
20%
Multi person
3%
Multi family
1%

Mother tongue (%)

English
66%
Polish
5%
Mandarin
4%
Arabic
4%
Urdu
4%
Others
3%
Tagalog (Pilipino, Filipino)
3%
Spanish
2%
Yue (Cantonese)
2%
Punjabi (Panjabi)
1%

House tenancy (%)

Owners
78%
Renters
22%

Schools and amenities

Estimated Budget