Frontside or backside of a home, the street view for 2625 Hammond Rd #LOT 4, Mississauga Ontario L5K 1T3
58 days on Market

2625 Hammond Rd #LOT 4, Mississauga, Ontario L5K 1T3

Detached
-
-
- sqft
$999,999
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Detached
-
-
- sqft

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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$4,295/mo

Tax Amount (2024)-

Days On Market58 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.**Can build up to approx. 3,500 SF without variance. **Subdivision plan has been approved, pending clearance of the OLT conditions**


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size-
Parking Spaces-
MLS ®Number40669510
Community NameSheridan Park
Data SourceITSO
Listing bySam McDadi Real Estate Inc.

Features

Sewer (Municipal)

Property listed by Sam McDadi Real Estate Inc., Brokerage

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Market Data - Sheridan Park

Seller's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

49 days

Compared to

2023

24 days

2022

24 days

2021

16 days

New Listings

Past 30 days

16 listings

Compared to

2023

29 listings

2022

13 listings

2021

8 listings

Units sold

Past 30 days

6 units

Compared to

2023

5 units

2022

5 units

2021

8 units

Median Sold Price

Past 30 days

$2,175,000

Compared to

2023

$1,330,000

2022

$2,500,000

2021

$2,039,000


Population and Demographics

Overview

Total population 15946
Average household income $172,381

Age (%)

0 to 19
22%
50 to 64
22%
65 and plus
20%
20 to 34
18%
35 to 49
18%

Household composition (%)

Single family
76%
Single person
19%
Multi person
4%
Multi family
1%

Mother tongue (%)

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

House tenancy (%)

Owners
73%
Renters
27%

Schools and amenities

Estimated Budget