585 Hancock Way
Lorne Park, Mississauga, L5H 4L5
FOR SALE
$2,699,850
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4 + 1
BEDROOMS5
BATHROOMS1
KITCHENS11 + 6
ROOMSW9368006
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Property Description
Welcome To This Impressive 2-Storey Home Nestled Within The Highly Sought-After Watercolours Community Of Lorne Park. This Refined Home Offers 4+1 Bdrm, 5 Baths, Approx 5,434 Sqft Of Exquisite Living Space & Situated On A Lush, Tree-Lined 61 X 128 Ft Lot. Ideally Located Near Top-Tier Schools, The Prestigious Mississauga Golf And Country Club, & Credit Valley Hospital & Quick Access To Major Highways, Including The QEW. As You Enter, A Grand Foyer Welcomes You With A Towering 2-Storey Ceiling, Adorned W/ Elegant Crown Moulding. The Main Floor Exudes Style & Function, Starting W/ A Light-Filled Office, Ideal For Remote Work Or Quiet Reflection. The Formal Living Room, Designed For Comfort, Leads Into The Dining Room, Creating A Perfect Setting For Both Intimate Dinners & Larger Gatherings. The Heart Of The Home, The Gourmet Kitchen, Is Equipped With Quartz Countertops, A Sleek Granite Backsplash & A Spacious Centre Island W/ Bar Seating. Ample Cabinetry & Premium Appliances Cater To Culinary Enthusiasts, While O/C Design Flows Effortlessly Into The Eat-In Kitchen, Offering Views Of The Beautifully Landscaped Backyard. Adjacent, The Oversized Family Room Showcases A Gas Fireplace, Custom Mantle, B/I Projector & Projector Screen, Making It Ideal For Relaxed Evenings & Entertainment. Upstairs, The 2nd Floor Hosts 4 Spacious Bedrooms, Each Providing Ample Closet Space. The Primary Suite Is A Serene Retreat, Featuring A Grand Double-Door Entry, Large Windows That Invite Natural Light & 2 W/I Closets. The Luxurious 5-Pc Ensuite Boasts A Deep Soaking Tub, Glass-Enclosed Shower & Double Vanities, Providing An Indulgent Spa-Like Experience. The Fully Finished Lower Level Adds Another Layer Of Versatility, With A Sprawling Rec Room, An Additional Bedroom & A Flexible Den Equipped W/ A Rough-In For A Potential Kitchen. A Modern 3-Pc Bathroom & Laundry Facilities Further Enhance The Functionality Of This Space, While Abundant Storage Keeps Everything Neatly Tucked Away.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-08-12 | 2024-09-25 | 44 | $2,798,850 | - | Terminated |
| 2024-06-18 | 2024-08-12 | 55 | $2,898,850 | - | Terminated |
Extras
The Bkyd Offer A Stone Interlock Patio, An Outdoor Gas F/P & A Premium Coast Spas Hot Tub Are Surrounded By Lush Greenery, Creating An Inviting Atmosphere For Outdoor Dining, Lounging, Or Entertaining.
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Property Details
Street
Community
City
Property Type
Detached, 2-Storey
Lot Size
61' x 129'
Fronting
North
Taxes
$14,257 (2024)
Basement
Finished, Full
Exterior
Stone, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
4
Driveway
Pvt Double
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Office | Main | 11.98' x 11.06' | Double Doors, Large Window, Hardwood Floor |
| Living | Main | 12.50' x 14.93' | Open Concept, Crown Moulding, Hardwood Floor |
| Dining | Main | 14.63' x 13.32' | Open Concept, Crown Moulding, Hardwood Floor |
| Family | Main | 22.34' x 15.32' | Gas Fireplace, Built-In Speakers, Hardwood Floor |
| Kitchen | Main | 15.32' x 17.13' | Quartz Counter, Breakfast Area, Hardwood Floor |
| Prim Bdrm | Upper | 14.37' x 18.64' | 5 Pc Ensuite, W/I Closet, Hardwood Floor |
| 2nd Br | Upper | 13.75' x 14.63' | 4 Pc Ensuite, Double Closet, Hardwood Floor |
| 3rd Br | Upper | 19.85' x 14.37' | Semi Ensuite, Double Closet, Hardwood Floor |
| 4th Br | Upper | 19.03' x 13.52' | Semi Ensuite, Double Closet, Hardwood Floor |
| Rec | Lower | 35.66' x 22.44' | Window, Pot Lights, Hardwood Floor |
| 5th Br | Lower | 10.99' x 14.07' | Double Doors, Pot Lights, Hardwood Floor |
| Den | Lower | 8.60' x 15.16' | Window, Pot Lights, Tile Floor |
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Mississauga Market Statistics
Mississauga Price Trend
585 Hancock Way is a 4-bedroom 5-bathroom home listed for sale at $2,699,850, which is $1,227,776 (83.4%) higher than the average sold price of $1,472,074 in the last 30 days (September 17 - October 16). During the last 30 days the average sold price for a 4 bedroom home in Mississauga increased by $22,683 (1.6%) compared to the previous 30 day period (August 18 - September 16) and up $42,587 (3.0%) from the same time one year ago.Inventory Change
There were 291 4-bedroom homes listed in Mississauga over the last 30 days (September 17 - October 16), which is up 2.5% compared with the previous 30 day period (August 18 - September 16) and down 4.3% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($36,571) (2.5%) below asking price over the last 30 days (September 17 - October 16), which represents a $7,754 increase compared to the previous 30 day period (August 18 - September 16) and ($19,893) 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 4-bedroom homes in Mississauga over the last 30 days (September 17 - October 16) stood at 47.1%, up from 41.2% over the previous 30 days (August 18 - September 16) and up from 37.8% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 5-bathroom home in Mississauga stood at 18 days when successfully sold over the last 30 days (September 17 - October 16), compared to 61 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Realty Enterprises Inc.
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