5 homes that recently sold for under $1M in Mississauga
Published October 17, 2022 at 2:27 pm
As the pandemic housing boom in Mississauga and across Canada wanes, buyers can find some lower prices in the city.
Some experts predict a bottoming out of home prices in the spring of 2023. In a report this month, RBC suggested Ontario’s benchmark prices will decrease by around 16 per cent. And recent housing reports indicate a downward trend.
In Mississauga, home prices dropped 6.8 per cent from $1,522,200 in the second quarter of 2022 to $1,418,400 in the third quarter.
And while it will cost more than a million for most single-family homes, there are a few out there, if you are willing to do some work, that sell for below the average.
Here are five homes that recently sold for under $1 million:
1769 Coram Crescent
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This three-bedroom bungalow needed some TLC on the inside. Located in the east end, just north of The Queensway, this home has close access to Toronto. It also came with a separate entrance and sits on a large lot.
It sold for $960,000 on Oct. 7 after 58 days on the market. It was originally listed for $1,189,000 then came down to $1,038,000.
3262 Ivernia Road
This semi-detached, four-bedroom home in Applewood looks spacious and bright. It has a finished basement with a recreation room and fireplace. It also has a decent-sized backyard for a semi-detached home.
It sold in eight days for $820,000 – a bit under the asking price of $899,000.
6313 Culmore Crescent
This detached three-bedroom home looks new and modern inside. It came with an open-concept kitchen, custom cabinetry and a separate entrance to a basement with an additional bedroom. It even has a backyard pergola.
Located near Heartland Town Centre and Square One, this home didn’t stay on the market long. It sold in 19 days for $960,000 just below the asking price of $999,990.
421 Marf Avenue
Located in the Mineola area, this two-storey, three-bedroom home is on a large lot. It has a three-car garage. The listing suggested people could “buy now and build later” indicating it needed some work.
This home sat on the market for 140 days until it sold for $950,000 on Sept. 22.
19 Swanhurst Boulevard
This detached brick home looks solid on the outside but like the above house, it is in need of some repairs or renovations. However, the location in the heart of Streetsville and a deep lot with mature trees make it attractive.
It was on the market for 27 days, selling for $960,000, a bit under the $1,299,000 asking price.
Photos and data via HouseSigma and the Toronto Regional Real Estate Board.
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