1497 Indian Grve

FOR SALE
$3,488,000
1497 Indian Grve, Mississauga
1497 Indian Grve
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5 + 1
BEDROOMS
5
BATHROOMS
1
KITCHENS
11 + 3
ROOMS
W11911611
MLSID
Contact Us
Property Description
Located in the prestigious Lorne Park community, this stunning executive home offers the perfect blend of timeless elegance and modern sophistication. With over 5,300 square feet of living space, it features 5+1 bedrooms and 4.5 bathrooms, providing ample room for family and guests. An open-concept layout welcomes you with soaring vaulted ceilings (9-14 ft), gleaming hardwood floors, and large windows that flood the space with natural light. The chef's kitchen is a masterpiece, with granite countertops, top-tier stainless steel appliances, and a seamless flow into the breakfast area and family room ideal for both intimate gatherings and for entertaining. Venture upstairs where the luxurious primary suite is your personal retreat, complete with a spa-like 5-piece ensuite, a generous walk-in closet, and a cozy sitting area with an electric fireplace. Three additional spacious bedrooms, each with its own ensuite or semi-ensuite, offer privacy and comfort. An 11'x12' den adds flexibility, perfect as a 5th bedroom, office, or playroom. The fully finished lower level is a showstopper, featuring a private nanny/guest suite, a 3-piece bath, and a large recreation area that opens to the backyard oasis. The 275-foot deep lot is a true outdoor paradise, with mature trees, a gunite inground pool with stone decking, a wooden deck for entertaining, and expansive lawns for outdoor activities. This backyard offers the ultimate setting for both quiet relaxation and lively gatherings. Ideally situated near top schools, the University of Toronto Mississauga, waterfront parks, Port Credits vibrant dining scene, and Clarkson Village. With easy access to downtown Toronto via the Go Station and QEW, this home sits among a plethora of desired amenities. Do not miss this rare and exceptional offering in one of Mississauga's most sought-after neighbourhoods!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-09-13 2024-12-15 93 $3,488,000 - Expired
2024-05-31 2024-08-31 92 $3,688,000 - Expired
Extras
Completely renovated in 2018 & received a full refresh in 2024 w/ pot lights in bsmt, interior/exterior painted, deck and front pergola stained, pool room and pool pergola stained, new light fixtures, garage interior/doors painted.
Nearby Intersections
Property Features
Fenced Yard, Grnbelt/Conserv, Park, Wooded/Treed
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
80' x 275'
Acreage
.50-1.99
Fronting
East
Taxes
$21,317 (2024)
Basement
Fin W/O, Full
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
8
Driveway
Circular
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
KitchenMain13.75' x 12.17'Stainless Steel Appl, Granite Counter, Breakfast Bar
BreakfastMain14.53' x 15.68'Pot Lights, W/O To Deck, Bay Window
DiningMain12.57' x 11.98'Pot Lights, Window, Hardwood Floor
LivingMain14.37' x 18.90'Pot Lights, O/Looks Frontyard, Hardwood Floor
FamilyMain14.83' x 20.14'Electric Fireplace, O/Looks Backyard, Crown Moulding
Prim Bdrm2nd19.55' x 33.10'W/I Closet, 5 Pc Ensuite, Vaulted Ceiling
2nd Br2nd23.10' x 23.59'Closet, 4 Pc Ensuite, Vaulted Ceiling
3rd Br2nd17.95' x 15.58'W/I Closet, Semi Ensuite, Vaulted Ceiling
4th Br2nd13.91' x 12.43'Closet, Semi Ensuite, Hardwood Floor
Office2nd11.12' x 12.14'Vaulted Ceiling, Window, Hardwood Floor
RecBsmt24.25' x 32.78'Gas Fireplace, W/I Closet, Laminate
FamilyBsmt30.94' x 14.04'Pot Lights, Above Grade Window, Laminate
Mississauga Market Statistics
Mississauga Price Trend
1497 Indian Grve is a 5-bedroom 5-bathroom home listed for sale at $3,488,000, which is $554,689 (18.9%) higher than the average sold price of $2,933,311 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 5 bedroom home in Mississauga increased by $617,756 (26.7%) compared to the previous 30 day period (November 18 - December 17) and down $178,189 (5.7%) from the same time one year ago.
Inventory Change
There were 17 5-bedroom homes listed in Mississauga over the last 30 days (December 18 - January 16), which is down 5.6% compared with the previous 30 day period (November 18 - December 17) and up 112.5% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Mississauga typically sold ($165,727) (5.6%) below asking price over the last 30 days (December 18 - January 16), which represents a $1,028 increase compared to the previous 30 day period (November 18 - December 17) and ($162,999) 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 (December 18 - January 16) stood at 52.9%, up from 50.0% over the previous 30 days (November 18 - December 17) and up from 25.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 5-bathroom home in Mississauga stood at 54 days when successfully sold over the last 30 days (December 18 - January 16), compared to 97 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sam Mcdadi Real Estate Inc.
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