1253 Melton Dr

FOR SALE
$1,750,000
1253 Melton Dr, Mississauga
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
1253 Melton Dr
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4 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
9 + 4
ROOMS
W11968831
MLSID
Contact Us
Property Description
Calling all Builders, Investors & Developers!! Welcome to 1253 Melton Road. This lot is one of the largest in the area, offering 150 feet of frontage - more than double the width of most adjacent lots, which typically span 58 feet. This expansive half-acre+ lot in the highly sought-after Lakeview neighborhood presents significant potential for the right buyer. The existing home offers a strong cashflow opportunity with 4,300 sq. ft. of living space, including 4 bedrooms, 3 bathrooms, and an expansive lower level with above-grade windows. The property features a new furnace, an owned hot water tank, a 2-car garage, and ample parking with space for 6 additional vehicles. Conveniently located just minutes from Trillium Hospital, Sherway Gardens, major highways, Pearson Airport, top-rated schools, and a quick 20-minute drive to downtown Toronto. Plus, the property's proximity to Etobicoke offers substantial savings on land transfer taxes. Don't miss out on this prime investment opportunity!
Nearby Intersections
Property Details
Street
Community
Property Type
Detached, Bungalow
Lot Size
150' x 146'
Lot Irregularities
149.25. Rear, 159.03
Fronting
North
Taxes
$9,287 (2024)
Basement
Part Fin
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain14.60' x 12.01'Fireplace, Picture Window, Crown Moulding
DiningMain14.60' x 12.01'Combined W/Living, O/Looks Garden, Picture Window
FamilyMain12.83' x 17.32'Open Concept, O/Looks Backyard, Picture Window
KitchenMain12.83' x 12.99'Open Concept, O/Looks Family, Picture Window
Prim BdrmMain12.99' x 13.32'Double Closet, 2 Pc Ensuite, O/Looks Backyard
2nd BrMain12.17' x 14.01'Double Closet, O/Looks Garden, Large Window
3rd BrMain11.42' x 12.99'Closet, Large Window
4th BrMain10.99' x 11.42'Closet, O/Looks Garden, Large Window
LaundryMain5.35' x 9.74'O/Looks Backyard, Laundry Sink, W/O To Yard
BrLower14.83' x 23.75'Above Grade Window, Closet
RecLower14.83' x 32.68'Fireplace, Above Grade Window, Pot Lights
UtilityLower20.01' x 33.01'
Mississauga Market Statistics
Mississauga Price Trend
1253 Melton Dr is a 4-bedroom 3-bathroom home listed for sale at $1,750,000, which is $195,685 (12.6%) higher than the average sold price of $1,554,315 in the last 30 days (January 19 - February 17). During the last 30 days the average sold price for a 4 bedroom home in Mississauga increased by $161,331 (11.6%) compared to the previous 30 day period (December 20 - January 18) and up $117,203 (8.2%) from the same time one year ago.
Inventory Change
There were 218 4-bedroom homes listed in Mississauga over the last 30 days (January 19 - February 17), which is up 61.5% compared with the previous 30 day period (December 20 - January 18) and up 48.3% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($56,102) (3.6%) below asking price over the last 30 days (January 19 - February 17), which represents a $3,720 decrease compared to the previous 30 day period (December 20 - January 18) and ($29,692) 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 4-bedroom homes in Mississauga over the last 30 days (January 19 - February 17) stood at 47.7%, down from 56.3% over the previous 30 days (December 20 - January 18) and down from 62.6% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Mississauga stood at 31 days when successfully sold over the last 30 days (January 19 - February 17), compared to 74 days before being removed from the market upon being suspended or terminated.
Listing contracted with Keller Williams Real Estate Associates
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