1242 Ravine Dr
Lorne Park, Mississauga, L5J 3E4
FOR SALE
$5,500,000
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BEDROOMS4
BATHROOMS1
KITCHENS10 + 4
ROOMSW9356367
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Property Description
Presenting this exquisite residence in sought-after White Oaks of Jalna (Lorne Park) on a sprawling 110 x 345 ft lot (0.87 acres) offering serenity and privacy at every turn. As you step inside, the meticulously redesigned interior reveals an open concept design that perfectly blends breathtaking views of lush greenery. Top tier craftsmanship is evident throughout this 5-bedroom, 4-bathroom residence, and the home offers over 6,300 square feet of immaculately finished living space. With over 1.9M spent, this remarkable home is accentuated with only the finest materials including White Austrian oak hardwood, smooth ceilings with LED pot-lights throughout, a suite of Legrand residential switches, custom crown moulding and wainscotting, rear Pella windows, sophisticated Sonos in-ceiling system with Bowers & Wilkins speakers, multiple stone fireplaces, and more. The showstopping Scavolini kitchen showcases 2 oversized islands, sleek porcelain countertops and high-end appliances including a 6ft Lacanche range. Expansive windows seamlessly bring the outdoors in, with direct access to a 40ft deck overlooking the beautifully manicured backyard with multiple seating areas and large in-ground pool. The main floor owner's suite is a private oasis, elevated by a stone clad fireplace, custom walk-in closet, and contemporary 5pc marble ensuite with freestanding tub, frameless shower, his and hers custom walnut vanity with matching mirrors, heated floors, and direct access to your own private deck. The lower level is an entertainers dream featuring multiple walkouts to the rear garden, family room with large wet bar, exercise room, sauna and 3pc bath, games room with snooker/billiards table, and several storage areas. Remarkable offering with a circular driveway accommodating 12+ vehicles. Spectacular neighbourhood with esteemed public and private schools, amenities and recreational activities!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-06-04 | 2024-09-18 | 106 | $5,500,000 | - | Terminated |
Extras
Proximity to Port Credit & Clarkson Village's charming restaurant's/boutiques & renowned waterfront trails at Rattray Marsh Conservation area. Quick commute to downtown Toronto via GO Train or the QEW.
Nearby Intersections
Lakeshore & Clarkson (55)
Property Features
Fenced Yard, Grnbelt/Conserv, Park, Public Transit, School, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
110' x 345'
Acreage
.50-1.99
Fronting
West
Taxes
$24,906 (2024)
Basement
Fin W/O, Full
Exterior
Brick, Wood
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
12
Driveway
Circular
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 28.97' x 21.06' | B/I Appliances, Stone Counter, W/O To Deck |
| Dining | Main | 13.22' x 16.93' | Fireplace, Pot Lights, Hardwood Floor |
| Living | Main | 13.68' x 30.18' | Gas Fireplace, Open Concept, Picture Window |
| Laundry | Main | 19.78' x 8.37' | Closet, Laundry Sink, W/O To Patio |
| Prim Bdrm | Main | 14.70' x 16.86' | 5 Pc Ensuite, W/I Closet, Electric Fireplace |
| 2nd Br | 2nd | 13.68' x 17.26' | Semi Ensuite, W/I Closet, Pot Lights |
| 3rd Br | 2nd | 13.68' x 17.19' | Semi Ensuite, W/I Closet, Pot Lights |
| 4th Br | 2nd | 13.75' x 16.77' | Window, W/I Closet, Pot Lights |
| 5th Br | 2nd | 13.78' x 16.63' | Window, W/I Closet, Pot Lights |
| Family | Bsmt | 28.54' x 37.96' | Fireplace, W/O To Patio, Pot Lights |
| Rec | Bsmt | 21.92' x 16.47' | Fireplace, Closet, Pot Lights |
| Exercise | Bsmt | 12.86' x 14.01' | Window, Closet, Pot Lights |
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Mississauga Market Statistics
Mississauga Price Trend
1242 Ravine Dr is a 5-bedroom 4-bathroom home listed for sale at $5,500,000, which is $3,459,044 (169.5%) higher than the average sold price of $2,040,956 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 5 bedroom home in Mississauga declined by $401,383 (16.4%) compared to the previous 30 day period (September 23 - October 22) and up $282,831 (16.1%) from the same time one year ago.Inventory Change
There were 27 5-bedroom homes listed in Mississauga over the last 30 days (October 23 - November 21), which is down 12.9% compared with the previous 30 day period (September 23 - October 22) and down 10.0% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Mississauga typically sold ($137,324) (6.7%) below asking price over the last 30 days (October 23 - November 21), which represents a $43,914 increase compared to the previous 30 day period (September 23 - October 22) and ($111,537) 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 (October 23 - November 21) stood at 40.7%, up from 29.0% over the previous 30 days (September 23 - October 22) and up from 26.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 4-bathroom home in Mississauga stood at 24 days when successfully sold over the last 30 days (October 23 - November 21), compared to 88 days before being removed from the market upon being suspended or terminated.Listing contracted with Sam Mcdadi Real Estate Inc.
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