718 Balboa Dr

FOR SALE
$5,488,000
718 Balboa Dr, Mississauga
718 Balboa Dr
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4 + 1
BEDROOMS
8
BATHROOMS
2
KITCHENS
12 + 6
ROOMS
W10430002
MLSID
Contact Us
Property Description
Welcome to Lorne Park's newest contemporary estate nestled on a tree-lined court and offering over 7,100 square feet of luxury living space. Upon entering, you're immediately met with an elegant open concept floor plan with expansive windows at every turn boasting wide plank oak hardwood floors, 10 ft tray ceilings with illuminated lighting, LED pot lights, built-in speakers and chic chandeliers throughout. A striking 7 ft linear ethanol fireplace serves as the focal point, meticulously dividing the family and dining rooms, where refined evening soirees can be held. Curated for every culinary enthusiast, the grand chef's gourmet kitchen boasts an oversize centre island with sleek porcelain countertops, high-end stainless steel appliances, and unobstructed views of the living areas with direct access to your covered backyard patio. For more intimate or specialized cooking events, a private spice kitchen is discreetly located just around the corner. Ascend upstairs via the private elevator, conveniently accessible to all levels, and discover the Owners private sanctuary with a boutique inspired custom walk-in closet and private terrace overlooking the backyard oasis. A spa-like 5pc ensuite compliments the owners suite and is adorned with heated porcelain floors, a soaker tub, his and her sinks, and a steam shower. 3 more prodigious bedrooms on this level each with walk-in closets and ensuites, including a second primary bedroom with private terrace and a 3pc ensuite with heated floors. The walk-up basement with radiant heated floors is an entertainer's dream, offering unmatched amenities which include: built-in speakers, a wet bar, a wine cellar, a gym with a 3pc bathroom and sauna, a 2-tiered movie theatre, a nanny suite, and a secondary laundry room with pet station. The amenities extend to the meticulously landscaped and private backyard oasis designed with a built-in kitchen, a salt water lap pool with 7ft depth, and stone interlocking.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-08-09 2024-11-20 103 $5,888,000 - Terminated
2019-05-15 2019-05-25 10 $1,298,800 $1,305,000 Sold
Extras
An absolute must see with exceptional amenities all in the comfort of your own haven. 5 star location with access to Port Credit/Clarkson Village's trendy restaurants, Go stations, waterfront parks, private and public schools + QEW highway!
Nearby Intersections
Property Features
Fenced Yard, Lake/Pond, Park, Public Transit, Wooded/Treed
Property Details
Street
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
80' x 126'
Fronting
East
Taxes
$15,689 (2024)
Basement
Fin W/O, Full
Exterior
Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Elevator
Yes
Parking Spaces
6
Driveway
Pvt Double
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
KitchenMain25.13' x 16.44'B/I Appliances, Stone Counter, W/O To Patio
BreakfastMain8.69' x 16.17'Coffered Ceiling, Led Lighting, O/Looks Backyard
DiningMain17.45' x 7.74'2 Way Fireplace, Led Lighting, Built-In Speakers
LivingMain23.00' x 24.57'Coffered Ceiling, Pot Lights, Hardwood Floor
FamilyMain17.16' x 15.09'2 Way Fireplace, Pot Lights, Built-In Speakers
OfficeMain9.78' x 9.61'B/I Bookcase, Led Lighting, Window Flr to Ceil
Prim Bdrm2nd16.40' x 18.57'5 Pc Ensuite, W/I Closet, W/O To Balcony
2nd Br2nd14.96' x 14.44'3 Pc Ensuite, W/I Closet, W/O To Balcony
3rd Br2nd12.17' x 13.78'4 Pc Ensuite, W/I Closet, Pot Lights
4th Br2nd12.47' x 12.83'3 Pc Ensuite, W/I Closet, Hardwood Floor
RecBsmt29.07' x 38.16'Wet Bar, Gas Fireplace, Walk-Up
ExerciseBsmt18.34' x 13.52'3 Pc Bath, Sauna, Built-In Speakers
Mississauga Market Statistics
Mississauga Price Trend
718 Balboa Dr is a 4-bedroom 8-bathroom home listed for sale at $5,488,000, which is $4,095,324 (294.1%) higher than the average sold price of $1,392,676 in the last 30 days (October 22 - November 20). During the last 30 days the average sold price for a 4 bedroom home in Mississauga declined by $105,278 (7.0%) compared to the previous 30 day period (September 22 - October 21) and down $91,845 (6.2%) from the same time one year ago.
Inventory Change
There were 275 4-bedroom homes listed in Mississauga over the last 30 days (October 22 - November 20), which is up 6.6% compared with the previous 30 day period (September 22 - October 21) and up 27.9% compared with the same period last year.
Sold Price Above/Below Asking ($)
4-bedroom homes in Mississauga typically sold ($39,026) (2.8%) below asking price over the last 30 days (October 22 - November 20), which represents a $5,893 increase compared to the previous 30 day period (September 22 - October 21) and ($66,036) 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 (October 22 - November 20) stood at 48.7%, down from 54.3% over the previous 30 days (September 22 - October 21) and up from 42.3% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 8-bathroom home in Mississauga stood at 26 days when successfully sold over the last 30 days (October 22 - November 20), 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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