Mississauga home sells for nearly $220,000 under the asking price

Published July 14, 2022 at 2:24 pm

As the real estate market in Mississauga cools, selling a home for over the asking price is becoming less common.

Homes are going for closer to the asking price, and in some cases, significantly under asking. Earlier this month a home in the Fairview neighbourhood sold for $220,000 under asking, and a beautiful open-concept home sold for $300,000 under asking in May.

A home at 1337 Midgreen Lane in the East Credit area of Mississauga sold recently for $218,999 under the asking price. Listed for $1,899,999, this home sold after 13 days on the market for $1,681,000.

Perfect for a large family, this seven-bedroom home (two bedrooms in the basement) sits on a corner lot in the “high demand” East Credit community. Built in 1994, it’s a spacious 3,285 square feet.

The home has a separate entrance to the basement for a possible granny suite.

Described as a beautiful layout, the home has separated rooms — living, dining, kitchen, family room and office — straying from the popular open concept layout. But perhaps beneficial in pandemic times when family members need private space to work at home.