29 Wesley Ave
Port Credit, Mississauga, L5H 2M6
FOR SALE
$1,499,000
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Property Description
This exceptional property presents a unique opportunity to either construct two semi-detached homes, pursue a profitable lot-splitting redevelopment or live in this cozy home. Situated in the prestigious Village on the Lake in Mississauga, it is surrounded by picturesque lakefront parks and trails, providing a gateway to an elevated lifestyle. Whether you choose to reside in this charming home or leverage the land for development, the potential is boundless. Located in the vibrant heart of Port Credit, this prime site is mere steps away from trendy restaurants, lively bars, stylish shops, inviting cafs, marinas, and Go Transit. It offers numerous possibilities for both buyers seeking a residence that combines timeless elegance with modern comforts and builders with ambitious visions. The home features formal living and dining areas, a gourmet kitchen equipped with granite countertops and high-end stainless steel appliances, and an open-concept family room complete with a large bay window and a walkout to a spacious deckideal for entertaining. This property holds remarkable potential for both builders and homeowners alike.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2021-08-24 | 2021-09-14 | 25 | $4,000 | $4,000 | Leased |
| 2021-07-09 | 2021-08-24 | 46 | $4,500 | - | Terminated |
| 2020-11-12 | 2020-12-09 | 27 | $3,800 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
50' x 120'
Fronting
East
Taxes
$8,207 (2024)
Basement
Unfinished
Exterior
Brick
Heat Type
Radiant
Heat Source
Gas
Air Conditioning
Wall Unit
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 12.14' x 20.70' | Fireplace, Crown Moulding, Hardwood Floor |
| Dining | Main | 22.97' x 11.52' | Formal Rm, Bay Window, Hardwood Floor |
| Kitchen | Main | 9.45' x 18.44' | Renovated, Granite Counter, Stainless Steel Appl |
| Family | Main | 14.17' x 16.70' | Open Concept, Bay Window, W/O To Deck |
| Rec | Lower | 9.02' x 17.19' | Bay Window, Pot Lights, Hardwood Floor |
| Prim Bdrm | Upper | 11.58' x 19.16' | Closet, Skylight, Hardwood Floor |
| 2nd Br | Upper | 10.04' x 10.47' | Closet, Large Window, Hardwood Floor |
| 3rd Br | Upper | 11.09' x 9.65' | Hardwood Floor, Window, Closet |
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Mississauga Market Statistics
Mississauga Price Trend
29 Wesley Ave is a 3-bedroom 2-bathroom home listed for sale at $1,499,000, which is $367,109 (32.4%) 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 Re/Max Escarpment Realty Inc.,
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