1370 Oak Lane
Lorne Park, Mississauga, L5H 2X7
FOR SALE
$7,498,850
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5 + 1
BEDROOMS8
BATHROOMS2
KITCHENS16 + 6
ROOMSW11825177
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Property Description
Nestled In The Highly Sought-After Lorne Park Neighbourhood, This Custom-Built, Multi-Generational Family Home Is Perfectly Situated On A Quiet, Exclusive Street With Only 6 Residences, Creating A Rare Sense Of Tranquility. Spanning Approx 11,000 Sqft Of Total Living Space, The Home Boasts 5+1 Bedrooms, 8 Bathrooms & Is Set On A Sprawling Half-Acre Corner Lot. Designed To Impress, The Grand 2-Storey Foyer Introduces A Home That Effortlessly Blends Elegance With Functionality. The Main Floor Includes A Formal Office With A Gas Fireplace, A Formal Dining Room With A Servery, And A Stunning Great Room With Soaring Two-Storey Ceilings. A Spacious Family Room, Intimate Home Study, And A Luxurious Main Floor Bedroom With An Ensuite Offer The Ultimate In Refinement. The Chef's Kitchen Is A True Masterpiece, Featuring Calacatta Quartz Countertops, Top-Tier S/S Appls & An Oversized Waterfall Island. With A Convenient Butlers Pantry & A Double-Door Walkout To The Covered Patio, This Space Is Perfect For Both Family Gatherings & Entertaining Guests. The Upper-Level Features 4 Spacious Bedrooms, Each With Its Own Private Ensuite. The Primary Bedroom Is A True Retreat, With A Private Balcony Overlooking The Meticulously Landscaped Backyard, A Stunning Walk-In Closet With Custom Built-Ins & A Spa-Inspired 5-Piece Ensuite. The Newly Renovated Laundry Room & Coffee Bar Add An Extra Layer Of Opulence. The Finished Lower Level Is An Entertainers Dream, Featuring A Custom Wet Bar, A Wine Cellar, A Home Theatre Area & A Fully Equipped Home Gym. An Elevator Provides Seamless Access To All Three Levels, While Heated Flooring And Built-In Ceiling Speakers Throughout The Home Enhance Comfort And Convenience. The Exterior Of The Property Is Equally Impressive, With A Meticulously Manicured Front Yard, A Circular Driveway Offering 10 Parking Spaces, And A Three-Car Garage. The Private Backyard Features Mature Trees, Lush Greenery And Boasts A Covered Patio With B/I BBQ & Fireplace.
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Listing History
List Date | End Date | Days Listed | List Price | Sold Price | Status |
---|---|---|---|---|---|
2023-11-14 | 2024-02-16 | 94 | $28,000 | - | Expired |
2023-09-13 | 2023-12-12 | 90 | $6,873,500 | - | Expired |
2023-07-20 | 2023-09-08 | 50 | $7,299,000 | - | Terminated |
2023-02-16 | 2023-06-30 | 135 | $7,349,000 | - | Expired |
2023-02-16 | 2023-06-30 | 136 | $7,349,000 | - | Expired |
2022-12-08 | 2023-02-15 | 70 | $7,980,000 | - | Expired |
Extras
Close To Top-Tier Schools, Prestigious Golf Clubs, Port Credit & Clarkson Village & Easy Access To The QEW.
Nearby Intersections
QEW & Mississauga (49)
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
5000+
Lot Size
122' x 190'
Fronting
West
Taxes
$38,992 (2024)
Basement
Finished, Walk-Up
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
10
Driveway
Circular
Garage Type
Built-In
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Dining | Main | 18.24' x 16.67' | Built-In Speakers, Pot Lights, Hardwood Floor |
Kitchen | Main | 16.83' x 27.62' | 2 Way Fireplace, Built-In Speakers, Centre Island |
Great Rm | Main | 17.78' x 17.98' | O/Looks Backyard, Pot Lights, Hardwood Floor |
Family | Main | 15.94' x 27.62' | B/I Bookcase, Electric Fireplace, Hardwood Floor |
Office | Main | 18.37' x 15.09' | B/I Desk, Vaulted Ceiling, Gas Fireplace |
Br | Main | 13.68' x 13.78' | 3 Pc Ensuite, Closet, Hardwood Floor |
Office | Main | 12.57' x 13.06' | B/I Bookcase, Window Flr to Ceil, Hardwood Floor |
Br | 2nd | 19.78' x 17.06' | W/I Closet, W/O To Deck, 5 Pc Ensuite |
2nd Br | 2nd | 15.19' x 11.48' | W/I Closet, Hardwood Floor, 3 Pc Ensuite |
3rd Br | 2nd | 16.08' x 17.68' | Vaulted Ceiling, W/I Closet, 4 Pc Ensuite |
4th Br | 2nd | 22.15' x 16.27' | W/I Closet, 4 Pc Ensuite, Hardwood Floor |
Rec | Bsmt | 23.03' x 57.64' | Built-In Speakers, Wet Bar, Heated Floor |
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Mississauga Market Statistics
Mississauga Price Trend
1370 Oak Lane is a 5-bedroom 8-bathroom home listed for sale at $7,498,850, which is $5,196,350 (225.7%) higher than the average sold price of $2,302,500 in the last 30 days (November 17 - December 16). During the last 30 days the average sold price for a 5 bedroom home in Mississauga increased by $230,634 (11.1%) compared to the previous 30 day period (October 18 - November 16) and up $521,238 (29.3%) from the same time one year ago.Inventory Change
There were 17 5-bedroom homes listed in Mississauga over the last 30 days (November 17 - December 16), which is down 39.3% compared with the previous 30 day period (October 18 - November 16) and up 13.3% compared with the same period last year.Sold Price Above/Below Asking ($)
5-bedroom homes in Mississauga typically sold ($172,650) (7.5%) below asking price over the last 30 days (November 17 - December 16), which represents a $38,858 decrease compared to the previous 30 day period (October 18 - November 16) and ($65,987) 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 (November 17 - December 16) stood at 35.3%, down from 39.3% over the previous 30 days (October 18 - November 16) and down from 53.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 8-bathroom home in Mississauga stood at 31 days when successfully sold over the last 30 days (November 17 - December 16), compared to 74 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realty Enterprises Inc.
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