1587 Stavebank Rd

FOR SALE
$3,998,000
1587 Stavebank Rd, Mississauga
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
1587 Stavebank Rd
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4 + 1
BEDROOMS
4
BATHROOMS
1
KITCHENS
8 + 3
ROOMS
W9256465
MLSID
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Property Description
Incredible investment and development opportunity in sought after Mineola West. Severance approved for 2 lots. Multiple options available. Live in the existing home while you build your dream home and then lease, build or sell the current home when your new build is done, build on one lot and current owner will take over remaining lot, rent out existing home and build on the other or build on both lots and sell. Unlimited potential in a fantastic neighbourhood surrounded by esteemed schools, Port Credit, Clarkson Village, parks, trails, and the lake. This is a rare opportunity that you dont want to miss out on! The existing home boasts 4000sqft of living space and is ready to move in and enjoy.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-09-19 2023-11-07 52 $5,700 $5,200 Leased
2023-08-16 2023-09-20 35 $6,500 - Terminated
2021-11-23 2022-02-28 97 $3,349,850 - Expired
Property Features
Golf, Lake/Pond, Library, Marina, Park, School
Property Details
Community
Property Type
Detached, 2-Storey
Lot Size
143' x 127'
Acreage
< .50
Fronting
East
Taxes
$12,543 (2024)
Basement
Finished
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain13.78' x 22.51'
DiningMain11.35' x 13.58'
KitchenMain10.70' x 18.67'
FamilyMain12.34' x 21.36'
MudroomMain10.27' x 15.49'
Prim Bdrm2nd11.45' x 15.06'
Br2nd11.68' x 14.47'
Br2nd10.37' x 13.55'
Br2nd10.60' x 12.80'
BrLower20.57' x 31.40'
RecLower12.60' x 20.57'
Mississauga Market Statistics
Mississauga Price Trend
1587 Stavebank Rd is a 4-bedroom 4-bathroom home listed for sale at $3,998,000, which is $2,589,658 (183.9%) higher than the average sold price of $1,408,342 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in Mississauga declined by $35,835 (2.5%) compared to the previous 30 day period (July 17 - August 15) and down $64,299 (4.4%) from the same time one year ago.
Inventory Change
There were 305 4-bedroom homes listed in Mississauga over the last 30 days (August 16 - September 14), which is up 16.4% compared with the previous 30 day period (July 17 - August 15) and up 17.8% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($44,000) (3.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $4,236 increase compared to the previous 30 day period (July 17 - August 15) and ($37,400) 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 (August 16 - September 14) stood at 37.4%, up from 34.4% over the previous 30 days (July 17 - August 15) and up from 36.7% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Mississauga stood at 21 days when successfully sold over the last 30 days (August 16 - September 14), compared to 60 days before being removed from the market upon being suspended or terminated.
Listing contracted with Royal Lepage Real Estate Services Phinney Real Estate
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