3050 Lenester Dr
Erindale, Mississauga, L5C 2B9
FOR SALE
$1,450,000
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4 + 2
BEDROOMS3
BATHROOMS1 + 1
KITCHENS15
ROOMSW11926120
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Property Description
Attention Investors looking for great cash flow and Homeowners looking for a property that will pay your mortgage+! 2 Units with potential for 3rd Unit. Perfect Garden Suite potential (ADU). Rare opportunity to own this just renovated 4 bedroom, 3 full bathroom home with self-contained 2 bedroom In-Law Suite with separate entrance and separate everything. PLUS large corner lot perfect for a Garden Suite. Potentially creating 3 units. City of Mississauga Pre-Approved Garden Suite Plans included. Gorgeous, renovated home to attract highest rents and best tenants. Or a beautiful home to live and earn income. New flooring throughout, quartz counter tops, freshly painted in designer colours, 10 appliances, new roof, and the list goes on. 5 parking spots. The large corner lot is perfect for building a Garden Suite with access to the street and still having a side yard on other side of house. See drawings attached to listing!
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-12-07 | 2024-12-20 | 13 | $1,499,900 | - | Terminated |
| 2022-03-22 | 2022-04-01 | 10 | $1,499,000 | $1,300,000 | Sold |
| 2022-03-16 | 2022-03-22 | 6 | $1,650,000 | - | Terminated |
| 2022-03-05 | 2022-03-15 | 10 | $1,500,000 | - | Terminated |
Extras
Or use as a high-income Student Rental with 7 bedrooms plus potential Garden Suite. 7 min bus ride to U of T Mississauga Campus. Before renovations, used as a student rental generating significant $$$ positive cash flow. Water Heater Owned
Nearby Intersections
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
68' x 120'
Acreage
< .50
Fronting
South
Taxes
$7,081 (2024)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Garage Type
Attached
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Family | Main | 12.01' x 17.49' | Hardwood Floor |
| Dining | Main | 8.99' x 10.66' | Formal Rm, Hardwood Floor, Window |
| Kitchen | Main | 14.01' x 10.33' | Eat-In Kitchen, Ceramic Floor |
| 5th Br | Main | 14.40' x 10.33' | Side Door, Hardwood Floor, W/O To Patio |
| Prim Bdrm | 2nd | 13.42' x 10.99' | Hardwood Floor |
| 2nd Br | 2nd | 9.74' x 11.09' | Hardwood Floor |
| 3rd Br | 2nd | 10.17' x 8.99' | Hardwood Floor |
| 4th Br | 2nd | 9.42' x 10.01' | Hardwood Floor |
| Rec | Lower | 11.75' x 10.93' | |
| Br | Lower | 10.99' x 14.01' | |
| Br | Lower | 10.93' x 10.93' | |
| Kitchen | Lower | 8.92' x 11.09' |
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Mississauga Market Statistics
Mississauga Price Trend
3050 Lenester Dr is a 4-bedroom 3-bathroom home listed for sale at $1,450,000, which is $66,054 (4.8%) higher than the average sold price of $1,383,946 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 4 bedroom home in Mississauga increased by $1,554 (0.1%) compared to the previous 30 day period (November 18 - December 17) and down $105,900 (7.1%) from the same time one year ago.Inventory Change
There were 129 4-bedroom homes listed in Mississauga over the last 30 days (December 18 - January 16), which is down 8.5% compared with the previous 30 day period (November 18 - December 17) and up 87.0% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($53,153) (3.8%) below asking price over the last 30 days (December 18 - January 16), which represents a $14,832 decrease compared to the previous 30 day period (November 18 - December 17) and ($58,196) 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 (December 18 - January 16) stood at 61.2%, down from 74.5% over the previous 30 days (November 18 - December 17) and down from 111.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 3-bathroom home in Mississauga stood at 39 days when successfully sold over the last 30 days (December 18 - January 16), compared to 67 days before being removed from the market upon being suspended or terminated.Listing contracted with Ipro Realty Ltd
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