16 Ontario St W

FOR SALE
$1,225,000
16 Ontario St W, Mississauga
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
16 Ontario St W
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3
BEDROOMS
2
BATHROOMS
1 + 1
KITCHENS
10
ROOMS
W9382973
MLSID
Contact Us
Property Description
ATTENTION Developers!!!!!! 2 homes for sale at 12 & 16 Ontario St W side by side homes! Prime location- Just 1 & 2 houses away from the main road in the village and vacant. 3 out of the 4 suites are vacant, providing flexibility for new leases and great income opportunities. Both have over 60 foot frontages are are owned by the same owner in the centre of Streetsville. Walking distance to Go Station, businesses, shops, pubs, & amenities. Upcoming plans for Centre Plaza one block away will enhance the desirability & value of the 2 properties. Both homes feature 2 separate suites each. 16 Ontario St W is vacant. 12 Ontario St W previously served as a lawyer's office with living quarters upstairs, showing the potential for mixed-use. Investment Potential: With 2 rental units in each of the side by side homes, investors can collect rent from each unit, generating great revenue. Can potentially convert the 2 properties into a larger residential complex, or mixed-use development and the new more lenient building rules will suit the growing needs of the village. There are indeed numerous possibilities for this amazing property in such an ideal location
Listing History
List Date End Date Days Listed List Price Sold Price Status
2021-01-19 2021-02-03 15 $1,300 - Terminated
Extras
Buy both homes side by side 12 and 16 Ontario St W from the same owner and build something very special!
Nearby Intersections
Property Features
Hospital, Library, Park, Public Transit, Rec Centre, School
Property Details
Community
Property Type
Detached, Bungalow
Lot Size
62' x 100'
Lot Irregularities
Flat lot- 2 homes for sale side by side
Fronting
North
Taxes
$4,980 (2024)
Basement
Apartment, Sep Entrance
Exterior
Other
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Pvt Double
Garage Type
None
Room Summary
RoomLevelSizeFeatures
LivingMain10.53' x 15.45'Laminate, Open Concept, Picture Window
KitchenMain9.88' x 13.16'Laminate, Renovated, W/O To Deck
Prim BdrmMain12.17' x 10.17'Laminate, O/Looks Garden, Closet
2nd BrMain10.86' x 8.56'Laminate, O/Looks Backyard, Closet Organizers
KitchenBsmt10.86' x 27.56'Laminate, Renovated, Combined W/Living
LivingBsmt10.86' x 27.59'Laminate, 3 Pc Bath, Open Concept
3rd BrBsmt10.83' x 8.53'Laminate, Window
Mississauga Market Statistics
Mississauga Price Trend
16 Ontario St W is a 3-bedroom 2-bathroom home listed for sale at $1,225,000, which is $93,109 (8.2%) higher than the average sold price of $1,131,891 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 3 bedroom home in Mississauga declined by $61,123 (5.1%) compared to the previous 30 day period (August 18 - September 16) and down $13,327 (1.2%) from the same time one year ago.
Inventory Change
There were 274 3-bedroom homes listed in Mississauga over the last 30 days (September 17 - October 16), which is down 0.0% compared with the previous 30 day period (August 18 - September 16) and up 2.6% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Mississauga typically sold ($25,991) (2.3%) below asking price over the last 30 days (September 17 - October 16), which represents a $4,327 increase compared to the previous 30 day period (August 18 - September 16) and ($18,863) 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 (September 17 - October 16) stood at 62.0%, up from 54.0% over the previous 30 days (August 18 - September 16) and up from 40.4% 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 18 days when successfully sold over the last 30 days (September 17 - October 16), compared to 54 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sutton Group - Summit Realty Inc.
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