5505 Velda Rd
Churchill Meadows, Mississauga, L5M 0N5
FOR SALE
$1,088,000
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Property Description
Nestled in the heart of Churchill Meadows, this stunning semi-detached home offers 4 bedrooms and issituated on a premium lot overlooking a picturesque park. The main floor features 9' ceilings,creating a spacious and inviting atmosphere. The home boasts a fully fenced backyard and an extended driveway, providing ample parking space. Recently painted in white and grey tones, the interior exudes a modern and welcoming ambiance. With a beautiful park directly across the street, outdoor activities and leisurely strolls are just steps away. This property is located in a top-rated school district with a gifted program, ensuring excellent educational opportunities for your family.Conveniently within walking distance to public transit, parks, restaurants, and a soccer field, andwith Credit Valley Hospital nearby, this home offers a blend of comfort, convenience, and practicality. Its more than just a house; its a place you;ll be proud to call home.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-10 | 2024-08-26 | 16 | $1,099,000 | - | Terminated |
| 2021-07-12 | 2021-07-20 | 8 | $999,000 | $1,075,000 | Sold |
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Property Details
Street
Community
City
Property Type
Semi-Detached, 2-Storey
Approximate Sq.Ft.
1500-2000
Lot Size
22' x 101'
Fronting
East
Taxes
$5,576 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Main | 10.30' x 18.01' | Hardwood Floor, W/O To Garage, Fireplace |
| Dining | Main | 10.30' x 18.01' | Hardwood Floor, Open Concept, Gas Fireplace |
| Family | Main | 10.30' x 11.45' | Hardwood Floor, Window, Open Concept |
| Kitchen | Main | 8.01' x 11.75' | Ceramic Floor, Granite Counter, Breakfast Bar |
| Breakfast | Main | 8.76' x 8.99' | Ceramic Floor, W/O To Yard |
| Prim Bdrm | 2nd | 10.96' x 16.01' | 4 Pc Ensuite, W/I Closet, Broadloom |
| 2nd Br | 2nd | 10.01' x 10.79' | Broadloom, Closet, O/Looks Park |
| 3rd Br | 2nd | 11.35' x 10.01' | Broadloom, Closet, O/Looks Park |
| 4th Br | 2nd | 6.07' x 9.58' | Broadloom, Closet, Window |
| Rec | Bsmt | 16.01' x 20.01' | 3 Pc Bath, Pot Lights, Broadloom |
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Mississauga Market Statistics
Mississauga Price Trend
5505 Velda Rd is a 4-bedroom 4-bathroom home listed for sale at $1,088,000, which is $320,342 (22.7%) lower than the average sold price of $1,408,342 in the last 30 days (August 16 - September 14). During the last 30 days the average sold price for a 4 bedroom home in Mississauga declined by $35,835 (2.5%) compared to the previous 30 day period (July 17 - August 15) and down $64,299 (4.4%) from the same time one year ago.Inventory Change
There were 305 4-bedroom homes listed in Mississauga over the last 30 days (August 16 - September 14), which is up 16.4% compared with the previous 30 day period (July 17 - August 15) and up 17.8% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($44,000) (3.1%) below asking price over the last 30 days (August 16 - September 14), which represents a $4,236 increase compared to the previous 30 day period (July 17 - August 15) and ($37,400) 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 4-bedroom homes in Mississauga over the last 30 days (August 16 - September 14) stood at 37.4%, up from 34.4% over the previous 30 days (July 17 - August 15) and up from 36.7% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 4-bathroom home in Mississauga stood at 21 days when successfully sold over the last 30 days (August 16 - September 14), compared to 60 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Your Community Realty
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