522 Lana Terr
Mississauga Valleys, Mississauga, L5A 3B3
FOR SALE
$949,000
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3 + 2
BEDROOMS3
BATHROOMS2
KITCHENS7 + 4
ROOMSW8226360
MLSIDContact Us
Property Description
Situated in the highly desirable neighbourhood of Mississauga Valleys, this home features open-concept living, hardwood floors, and ample natural light. With 3 bedrooms upstairs and a lower level with separate entrance, kitchen, and 2 bedrooms/offices, it suits various needs. Perfect for a family looking for a place to call home while also having the option to generate additional income by renting out the basement. Includes built-in appliances for convenience. Ideal for both homeowners and savvy investors seeking a turnkey rental income. Current tenants are month-to-month and willing to stay if desired.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2022-11-25 | 2022-12-14 | 19 | $3,000 | $2,700 | Leased |
Extras
Tenants on month-to-month paying $2,700 for the main floor and $1,600 combined for both basement rooms. Total $4,300 a month. Tenants willing to stay.
Nearby Intersections
Dundas & Cawthra (12)
Bloor & Cawthra (19)
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2-Storey
Lot Size
28' x 123'
Fronting
South
Taxes
$4,231 (2023)
Basement
Finished
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 18.73' x 17.68' | |
| Kitchen | Main | 10.37' x 8.73' | |
| Bathroom | Main | 6.46' x 2.66' | |
| Prim Bdrm | 2nd | 12.99' x 15.26' | |
| Br | 2nd | 16.14' x 8.79' | |
| 2nd Br | 2nd | 12.73' x 8.56' | |
| Bathroom | 2nd | 5.05' x 8.79' | |
| 3rd Br | Bsmt | 13.22' x 9.97' | |
| 4th Br | Bsmt | 12.24' x 11.22' | |
| Bathroom | Bsmt | 7.97' x 6.14' | |
| Kitchen | Bsmt | 7.97' x 8.40' |
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Mississauga Market Statistics
Mississauga Price Trend
522 Lana Terr is a 3-bedroom 3-bathroom home listed for sale at $949,000, which is $281,760 (22.9%) lower than the average sold price of $1,230,760 in the last 30 days (March 30 - April 28). During the last 30 days the average sold price for a 3 bedroom home in Mississauga increased by $48,106 (4.1%) compared to the previous 30 day period (February 29 - March 29) and up $3,906 (0.3%) from the same time one year ago.Inventory Change
There were 303 3-bedroom homes listed in Mississauga over the last 30 days (March 30 - April 28), which is up 22.2% compared with the previous 30 day period (February 29 - March 29) and up 39.6% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Mississauga typically sold $15,961 (1.3%) above asking price over the last 30 days (March 30 - April 28), which represents a $8,306 increase compared to the previous 30 day period (February 29 - March 29) and $34,961 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 (March 30 - April 28) stood at 64.0%, up from 63.3% over the previous 30 days (February 29 - March 29) and down from 83.9% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Mississauga stood at 12 days when successfully sold over the last 30 days (March 30 - April 28), compared to 31 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage West Realty Group Ltd.
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