5562 Katy Gate

FOR SALE
$1,290,000
5562 Katy Gate, Mississauga
5562 Katy Gate
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3 + 1
BEDROOMS
4
BATHROOMS
1 + 1
KITCHENS
7 + 3
ROOMS
W12007041
MLSID
Contact Us
Property Description
Discover this stunning detached home nestled in the sought-after Churchill Meadows community, featuring a separate basement apartment. This spacious residence is designed for both comfort and style, boasting distinct living and dining areas perfect for entertaining. The open-concept family room seamlessly connects to a generous breakfast area, offering access to a professionally landscaped backyard and ideal setting for outdoor gatherings. The home features a recently upgraded stamped concrete driveway with space for three vehicles, ensuring convenience for you and your guests. The upgraded kitchen shines with quartz countertops and high-end stainless steel appliances, making meal prep a delight. Each of the good-sized bedrooms is designed for relaxation, with the Primary room offering an ensuite bathroom and a walk-in closet. Updated washrooms throughout the home add to the overall appeal. The professionally upgraded basement apartment provides a comfortable living space for tenants, featuring an open-concept layout with a full 3-piece washroom and a spacious bedroom. There is potential to convert it into a two-bedroom apartment based on your needs. Located near top-rated schools and boasting excellent connectivity to public transportation, this home is also conveniently close to highways, hospitals, community centers, and shopping plazas. Don't miss the opportunity to make this beautiful home your own!
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-11-01 2024-12-20 49 $1,310,000 - Terminated
2024-09-04 2024-10-28 54 $1,379,800 - Terminated
Nearby Intersections
Property Details
Street
Property Type
Detached, 2-Storey
Lot Size
36' x 86'
Fronting
North
Taxes
$6,437 (2025)
Basement
Apartment, Sep Entrance
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
3
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain11.22' x 12.53'Large Window, Open Concept, Combined W/Dining
DiningMain11.22' x 7.38'Hardwood Floor, O/Looks Frontyard
FamilyMain16.80' x 12.40'Gas Fireplace, Combined W/Kitchen, Hardwood Floor
KitchenMain13.06' x 15.75'Quartz Counter, Stainless Steel Appl, O/Looks Backyard
Prim Bdrm2nd18.24' x 12.04'4 Pc Ensuite, W/I Closet, O/Looks Garden
2nd Br2nd13.94' x 12.50'Closet, Large Window, Broadloom
3rd Br2nd11.65' x 11.58'Closet, Large Window, Broadloom
BrBsmt9.51' x 11.52'Laminate
LivingBsmt10.50' x 11.52'Laminate
DiningBsmt10.79' x 11.52'Laminate
KitchenBsmt7.51' x 10.40'Tile Floor
Mississauga Market Statistics
Mississauga Price Trend
5562 Katy Gate is a 3-bedroom 4-bathroom home listed for sale at $1,290,000, which is $185,982 (16.8%) higher than the average sold price of $1,104,018 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 3 bedroom home in Mississauga declined by $30,005 (2.6%) compared to the previous 30 day period (December 22 - January 20) and down $72,999 (6.2%) from the same time one year ago.
Inventory Change
There were 179 3-bedroom homes listed in Mississauga over the last 30 days (January 21 - February 19), which is up 123.8% compared with the previous 30 day period (December 22 - January 20) and up 46.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Mississauga typically sold ($15,926) (1.4%) below asking price over the last 30 days (January 21 - February 19), which represents a $4,623 increase compared to the previous 30 day period (December 22 - January 20) and ($14,893) 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 (January 21 - February 19) stood at 51.4%, down from 60.0% over the previous 30 days (December 22 - January 20) and down from 85.2% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom home in Mississauga stood at 22 days when successfully sold over the last 30 days (January 21 - February 19), compared to 58 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sam Mcdadi Real Estate Inc.
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