PHOTOS: A look at the most (and least) expensive homes that just sold in Mississauga
Are you hoping to buy a house this year? If you are, it's difficult to say what the spring market will look like in the wake of the coronavirus outbreak that's brought Canada—and the world—to a standstill.
While it's hard to say what impact the virus will have on the market, we do know the first part of the year has been difficult for homebuyers who are struggling to adjust to skyrocketing home prices.
But while the inventory is low and the prices are high, people have been able to find homes available for less than $500,000.
Penelope Graham, the managing editor of real estate website and brokerage Zoocasa, says the lack of inventory and high demand are driving prices up across throughout Mississauga.
Graham says the Mississauga housing market is experiencing sizzling year-over-year growth, with a total of 687 homes changing hands--up 31 per cent from the same month last year.
Graham says that since that has well outpaced the addition of new listings - a total of 964 homes hit the market in February, up 10.6 per cent year over year - buyers will continue to feel the pressure of growing competition for fewer properties.
In fact, Graham says the city sits in a steep sellers’ market territory, which has driven the average home price up by 24 per cent to $997,218.
But even though the market is hot, some homes are still selling for reasonable prices--and other luxury properties are selling for big bucks.
This two-bedroom, one-bathroom condo spans over 900 square feet and sold for $379,000 after being listed for $357,000. The unit comes with one parking spot and is close to Westwood Square Mall, Humber College and multiple 400-series highways.
This rare studio condo unit for $385,000 after being listed for $355,000. The unit is pretty cozy, as it doesn't have a bedroom and spans about 499 square feet. But while it might be small, it's newly upgraded and overlooks Celebration Square.
This spacious, 900 square foot unit boasts two bedrooms, two bathrooms and a den. The unit sold for $390,000 after being listed for $392,900. It offers two parking spaces, crown moulding, new laminate flooring, a large balcony and proximity to Meadowvale Town Centre.
This two-bedroom, one-bathroom condo sold for $392,000 after being listed for $393,000. It boasts over 900 square feet of space, one parking space, and a pretty bright and airy interior. It's also close to Westwood Mall and tons of major highways.
This 600+ square foot condo with one bedroom and one bathroom sold for $400,000 after being listed for $339,000. The condo offers one parking spot, new laminate flooring, a fresh coat of paint and a concierge.
This gorgeous home, which boasts seven bedrooms, 11 bathrooms, and 12 parking spots, sold for $5,800,000 after being listed for $6,499,850. The Mineola home overlooks the Credit River and features soaring ceilings and a four-car garage.
This 9,500 square foot home sold for $4,000,000 after being listed for $4,288,000. It features five bedrooms, seven bathrooms and six parking spots, and is close to lakes, parks and trails. The home also boasts a spacious master bedroom with two walk-outs to a patio.
This estate home, which sits on a large ravine lot, sold for $3,450,000 after being listed for $3,499,850. It offers five bedrooms, seven bathrooms, and 10 parking spaces. It has an attached three-car garage and all bathrooms have ensuite bathrooms.
This custom-built Mineola west home sold for $3,310,000 after being listed for $3,699,850. It offers five bedrooms, six bathrooms and six parking spots. It also boasts a three-car garage, a formal dining room with a butler's pantry, a gourmet kitchen with marble counters and a master bathroom with heated floors.
This Port Credit home sold for $2,635,000 after being listed for $2,679,900. The home boasts over 5,500 square feet of living space, four bedrooms, six bathrooms and four parking spots. It also has a gourmet kitchen, a spacious master bedroom with a dressing room and a nanny suite.
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