1207 Lorne Park Rd
Lorne Park, Mississauga, L5H 3A7
FOR SALE
$2,395,000

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5 + 1
BEDROOMS6
BATHROOMS2
KITCHENS11 + 1
ROOMSW11993925
MLSIDContact Us
Property Description
Sitting on almost 1/2 of an acre with a completely renovated & expanded main home & a secondary 2 bedroom/2 bath Couch House. Enjoy rental income or multi-family. The main house has a gorgeous open concept main floor with a dedicated entrance into the office/den area with a covered veranda. The new stylish kitchen has high end appliances and walks out the private yard. The primary suite has built-ins & a lux ensuite. Two more bedrooms, & upper laundry. Lower level is another opportunity for a bedroom, dining, living and a 3 pc bath also 2nd laundry. Walk to grocery, dining and amenities. The school district is highly rated. Private backyard with natural setting backs onto conservation for ultimate long-term privacy. Lots of parking with the double driveway and front parking pad. **EXTRAS** If you do not need all the extra rear yard space, consider the potential to sever off the back for a new build. Current tenant pays $2900 +hydro. Tenant vacates June 1, 2025. Main House tenant vacates April 30, 2025.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2020-01-16 | 2020-03-05 | 50 | $2,500 | $2,500 | Leased |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
764' x 350'
Fronting
North
Taxes
$13,126 (2024)
Basement
Finished
Exterior
Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
8
Driveway
Pvt Double
Garage Type
None
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Living | Main | 26.51' x 22.57' | Hardwood Floor, Fireplace, Bay Window |
Dining | Main | 18.34' x 8.07' | Hardwood Floor, Open Concept, Built-In Speakers |
Kitchen | Main | 13.48' x 15.75' | |
Living | Main | 13.09' x 15.32' | |
Prim Bdrm | Upper | 11.32' x 17.65' | Hardwood Floor, 5 Pc Ensuite, Heated Floor |
2nd Br | Upper | 9.25' x 14.83' | |
3rd Br | Upper | 11.09' x 20.41' | Hardwood Floor, Bay Window |
4th Br | Lower | 11.32' x 9.15' | Tile Floor |
Rec | Lower | 11.32' x 9.15' | Tile Floor |
Kitchen | Main | 10.07' x 10.33' | Tile Floor, Stainless Steel Appl |
Living | Main | 12.93' x 19.85' | Hardwood Floor, Open Concept, Fireplace |
5th Br | Upper | 8.83' x 16.17' | Hardwood Floor, 3 Pc Bath |
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Mississauga Market Statistics
Mississauga Price Trend
1207 Lorne Park Rd is a 5-bedroom 6-bathroom home listed for sale at $2,395,000, which is $737,500 (44.5%) higher than the average sold price of $1,657,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Mississauga declined by $2,244,460 (57.5%) compared to the previous 30 day period (December 22 - January 20) and down $139,416 (7.8%) from the same time one year ago.Inventory Change
There were 28 5-bedroom homes listed in Mississauga over the last 30 days (January 21 - February 19), which is up 40.0% compared with the previous 30 day period (December 22 - January 20) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Mississauga typically sold ($135,266) (8.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $279,291 increase compared to the previous 30 day period (December 22 - January 20) and ($126,720) less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Mississauga over the last 30 days (January 21 - February 19) stood at 32.1%, up from 25.0% over the previous 30 days (December 22 - January 20) and down from 42.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 6-bathroom home in Mississauga stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.Listing contracted with Cayman Marshall International Realty Inc.
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