2625 Hammond Rd LOT 1

FOR SALE
$3,500,000
2625 Hammond Rd LOT 1, Mississauga
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
2625 Hammond Rd LOT 1
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4 + 2
BEDROOMS
6
BATHROOMS
1 + 1
KITCHENS
13 + 9
ROOMS
W9512354
MLSID
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Property Description
Discover this rare investment opportunity nestled in the prestigious Sherwood Forest, blending historic charm with significant development potential! This exquisite Victorian-style heritage designated residence sits on a sprawling 2.1-acre lot and offers over 4,000 square feet of meticulously designed living space, featuring 4+2 bedrooms and 6 bathrooms. Steeped in history, the restored interior boasts a refined design with engineered hardwood floors, soaring ceilings, pot lights, multiple fireplaces, and abundant natural light. The grand principal rooms seamlessly transition to the porch and picturesque backyard, accessible from both the chef-inspired kitchen and the family room. This property is a remarkable blend of history and future development potential, providing owners with the possibility of converting the current heritage structure to a fourplex, enabling a unique and lucrative investment opportunity with a significant return on investment for a discerning investor!
Extras
Conveniently close to a plethora of amenities, including a quick commute to The Mississauga Golf and Country Club, Sherwood Forrest Tennis Club, park/trails, restaurants and more!
Property Features
Fenced Yard, Golf, Grnbelt/Conserv, Park, School, Wooded/Treed
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
315' x 146'
Acreage
.50-1.99
Fronting
East
Taxes
$17,692 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
14
Driveway
Circular
Garage Type
Detached
Room Summary
RoomLevelSizeFeatures
KitchenMain16.01' x 23.49'Pot Lights, Granite Counter, B/I Appliances
DiningMain15.42' x 16.24'French Doors, Window, Hardwood Floor
LivingMain14.34' x 25.33'Gas Fireplace, Coffered Ceiling, Hardwood Floor
FamilyMain14.17' x 25.33'Gas Fireplace, Window, Hardwood Floor
SittingMain15.75' x 22.08'Skylight, French Doors, W/O To Yard
Library2nd16.08' x 23.59'Gas Fireplace, Cathedral Ceiling, B/I Bookcase
Prim Bdrm2nd14.24' x 16.01'Closet, 5 Pc Ensuite, Window
2nd Br2nd14.34' x 23.33'Closet, 3 Pc Ensuite, Window
3rd Br2nd12.40' x 15.85'B/I Closet, Vaulted Ceiling, Window
4th Br2nd10.76' x 14.40'B/I Closet, Vaulted Ceiling, Hardwood Floor
5th BrBsmt10.24' x 11.52'B/I Closet, Pot Lights, Broadloom
BrBsmt10.17' x 13.58'B/I Closet, Pot Lights, Broadloom
Mississauga Market Statistics
Mississauga Price Trend
2625 Hammond Rd LOT 1 is a 4-bedroom 6-bathroom home listed for sale at $3,500,000, which is $2,100,391 (150.1%) higher than the average sold price of $1,399,609 in the last 30 days (October 23 - November 21). During the last 30 days the average sold price for a 4 bedroom home in Mississauga declined by $98,234 (6.6%) compared to the previous 30 day period (September 23 - October 22) and down $70,037 (4.8%) from the same time one year ago.
Inventory Change
There were 276 4-bedroom homes listed in Mississauga over the last 30 days (October 23 - November 21), which is up 5.3% compared with the previous 30 day period (September 23 - October 22) and up 21.1% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($35,771) (2.6%) below asking price over the last 30 days (October 23 - November 21), which represents a $13,142 increase compared to the previous 30 day period (September 23 - October 22) and ($62,629) more 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 (October 23 - November 21) stood at 47.1%, down from 56.5% over the previous 30 days (September 23 - October 22) and up from 42.1% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 6-bathroom home in Mississauga stood at 26 days when successfully sold over the last 30 days (October 23 - November 21), compared to 57 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sam Mcdadi Real Estate Inc.
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