Frontside or backside of a home, the street view for 2625 Hammond Rd #LOT 2, Mississauga Ontario L5K 1T3
13 days on Market

2625 Hammond Rd #LOT 2, Mississauga, Ontario L5K 1T3

$1,200,000
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$5,153/mo

Tax Amount (2024)-

Days On Market13 days


Description

Discover a rare development opportunity in the heart of Sherwood Forest, where this prestigious high-end residential enclave awaits you. This exclusive infill opportunity offers the flexibility to build different residential options including a detached 2-storey home, a duplex, triplex, or fourplex with approximately 900 square feet per unit, providing the perfect investment for developers seeking superb monthly cash flow. This prime location places you close to every convenience with nearby shopping malls like Erin Mills Town Centre and Square One, reputable schools including the University of Toronto Mississauga campus, lush parks, and the Mississauga Golf and Country Club just moments away. Embrace the best of suburban tranquility and urban convenience in this desirable setting, where modern living meets a timeless neighbourhood ambiance. Don't miss this exceptional opportunity to create a remarkable residential development in one of Mississauga's most coveted locations.**Access to the property will be via a shared driveway off of Hammond Road. *Total square footage for property is approx 3,500 SF without variances. **Subdivision plan has been approved, pending clearance of the OLT conditions**


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number40669506
Community NameSheridan Park
Data SourceITSO

Features

Sewer (Municipal)

Property History

Now
ListedFor Salefor$1,200,000Active
13 days on market
Listing by itso®
history photo preview1
Now
ListedFor Salefor$1,200,000Active
14 days on market
Listing by trreb®
history photo preview1
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Property listed by Sam McDadi Real Estate Inc., Brokerage

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Comparable Sales

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2654 Kinnerton Cres, Mississauga
••••••••• sq ft
Listed by SUTTON GROUP ELITE REALTY INC.
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Sold for $•••,•••
3532 Pitch Pine Cres, Mississauga
••••••••• sq ft
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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Sold for $•••,•••
3242 Magwood Rd, Mississauga
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Market DataFor the past 30 days in Sheridan Park

Median Selling Price

$1,615,000

28.94% more than GTA:

$1,252,500

Median Bidding

Underbidding - Trending to buyer market

-$67,000

GTA median: -$29,000

Median Number of Sales

27 sales

2867 sales less than GTA:

2894 sales

Median Number of Days on Market

23 days

3 days more than GTA:

20 days

Want more insights?Visit the Market Pulse


Schools and amenities

Estimated Budget