1416 Elaine Tr
Mineola, Mississauga, L5G 3W8
FOR SALE
$2,098,000
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3 + 1
BEDROOMS2
BATHROOMS1
KITCHENS6 + 4
ROOMSW9310531
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Property Description
Attention builders and dream home seekers!! Here's your golden opportunity to create your perfect residence on a premier estate lot in Mineola. This remarkable 80' x 125' southwest-facing lot, bordered by elegant pines and spruce trees and surrounded by multi-million-dollar homes, offers unparalleled potential. Nestled on one of Mineola's most coveted streets within a highly esteemed school district, the location combines prestige with convenience-- close to major highways, GO Transit, Lake Ontario, Port Credit shops, and just 20 minutes from downtown Toronto. Currently, a beautifully maintained bungalow adorns the property, showcasing 3 bedrooms, 2 bathrooms, and a professionally finished basement. This well-maintained home could serve as a lucrative rental while you await permits or if you prefer a smaller residence, renovate the existing home and make it your own. Opportunities like this are rare. Don't miss your chance to design a masterpiece in one of the area's most desirable neighborhoods!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-07 | 2024-09-10 | 126 | $2,198,000 | - | Terminated |
| 2024-04-03 | 2024-05-07 | 34 | $2,248,000 | - | Terminated |
Extras
Attic offers a large storage area with spray foam insulation. Ladder to attic will be replaced. 7 zone irrigation system.
Nearby Intersections
Lakeshore & Cawthra (106)
Cawthra & QEW (106)
Property Features
Fenced Yard, Park, School, Wooded/Treed
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Property Details
Street
Community
City
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
80' x 125'
Fronting
West
Taxes
$8,586 (2024)
Basement
Finished
Exterior
Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.40' x 17.59' | Hardwood Floor, Fireplace, Picture Window |
| Dining | Main | 9.65' x 12.60' | Hardwood Floor, Picture Window, O/Looks Backyard |
| Kitchen | Main | 8.69' x 15.06' | Granite Counter, Stainless Steel Appl, W/O To Patio |
| Prim Bdrm | Main | 10.93' x 12.99' | Hardwood Floor, B/I Closet, O/Looks Backyard |
| 2nd Br | Main | 10.04' x 10.99' | Hardwood Floor, B/I Closet, O/Looks Garden |
| 3rd Br | Main | 9.88' x 10.93' | Hardwood Floor, Closet, B/I Bookcase |
| 4th Br | Lower | 12.24' x 12.50' | Hardwood Floor, Pot Lights, Above Grade Window |
| Office | Lower | 12.24' x 12.34' | Hardwood Floor, Pot Lights, Above Grade Window |
| Family | Lower | 11.75' x 24.02' | Hardwood Floor, Fireplace, Wet Bar |
| Media/Ent | Lower | 9.32' x 12.66' | Hardwood Floor, Pot Lights, Beamed |
| Laundry | Lower | 5.68' x 9.68' | Tile Floor, Heated Floor, Pot Lights |
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Mississauga Market Statistics
Mississauga Price Trend
1416 Elaine Tr is a 3-bedroom 2-bathroom home listed for sale at $2,098,000, which is $903,651 (75.7%) higher than the average sold price of $1,194,349 in the last 30 days (August 19 - September 17). During the last 30 days the average sold price for a 3 bedroom home in Mississauga increased by $46,375 (4.0%) compared to the previous 30 day period (July 20 - August 18) and up $37,540 (3.2%) from the same time one year ago.Inventory Change
There were 278 3-bedroom homes listed in Mississauga over the last 30 days (August 19 - September 17), which is up 10.3% compared with the previous 30 day period (July 20 - August 18) and up 19.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Mississauga typically sold ($30,597) (2.6%) below asking price over the last 30 days (August 19 - September 17), which represents a $3,463 increase compared to the previous 30 day period (July 20 - August 18) and ($83) 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 3-bedroom homes in Mississauga over the last 30 days (August 19 - September 17) stood at 54.7%, up from 52.0% over the previous 30 days (July 20 - August 18) and up from 47.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Mississauga stood at 24 days when successfully sold over the last 30 days (August 19 - September 17), compared to 44 days before being removed from the market upon being suspended or terminated.Listing contracted with Keller Williams Real Estate Associates
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