1370 Oak Lane
Lorne Park, Mississauga, L5H 2X7
FOR SALE
$6,949,850
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5 + 1
BEDROOMS8
BATHROOMS2
KITCHENS16 + 6
ROOMSW11971303
MLSIDContact Us
Property Description
Nestled On A Secluded, Tree-Lined Cul-De-Sac With Only 6 Residences, This Custom-Built Estate Offers An Unparalleled Blend Of Elegance, Space & Privacy In The Heart Of Lorne Park. Set On A Sprawling Half-Acre Corner Lot, This Magnificent Home Spans Approx 11,000 Sqft. Of Luxurious Living Space, Featuring 5+1 Beds & 8 Baths, Thoughtfully Designed For Multi-Generational Living. A Grand 2-Storey Foyer W/ Soaring Ceilings Sets The Stage For The Exquisite Interiors, Where Sophistication Meets Functionality. The Main Level Showcases A Formal Office W/ A Gas F/P A Refined Dining Room W/ A Server & A Breathtaking Great Room W/ Dramatic 2-Storey Ceilings. A Family Room, An Intimate Home Study, And A Main-Floor Bedroom W/ A Pvt Ensuite Provide The Ultimate In Comfort & Versatility. The Chefs Kitchen Is A Culinary Masterpiece, Boasting Calacatta Quartz Countertops, Premium S/S Appls, An Oversized Waterfall Island & A Convenient Butlers Pantry. Dbl French Doors Open To A Covered Patio, Blending Indoor & Outdoor Living. The Upper Level Is Designed For Ultimate Luxury, Featuring 4 Generously Sized Bedrooms, Each W/ Its Own Private Ensuite. The Primary Suite Is A Sanctuary, Complete W/ A Pvt Balcony Overlooking The Bkyd, A Custom W/I Closet & A Spa-Inspired 5-Pc Ensuite. A Newly Reno'd Laundry Room & B/I Coffee Bar Add An Extra Touch Of Sophistication. The Fully Finished Lower Level Is An Entertainers Dream, Offering A Custom Wet Bar, A Temperature-Controlled Wine Cellar, A Home Theatre Area & A Fitness Studio. An Elevator Provides Access To All 3 Levels, While Heated Flooring & B/I Ceiling Speakers Elevate The Home's Ambiance. A Striking Circular Driveway Accommodates 10 Vehicles, Complementing The 3-Car Garage, While The Landscaped Front Yard Enhances The Homes Stately Presence. The Pvt Bkyd Is A True Outdoor Retreat, Complete W/ Mature Trees, Lush Greenery & A Covered Patio W/ A B/I BBQ & F/P.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-12-03 | 2025-02-13 | 72 | $7,498,850 | - | Terminated |
| 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 |
Nearby Intersections
QEW & Mississauga (47)
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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 $6,949,850, which is $5,292,350 (319.3%) 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 8-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 Re/Max Realty Enterprises Inc.
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