PHOTOS: These are the Cheapest Houses in Mississauga Right Now
If you plan on purchasing a house in Mississauga this summer, you will face a challenging sellers' market rife with high prices, low inventory and fierce competition.
Although the housing market isn’t quite as wild as it was a little over two years ago, things are heating up in Mississauga and homes are changing hands fast.
Real estate brokerage Zoocasa says that demand for Mississauga homes continues to grow, with sales up a steady 2.2 per cent with 860 homes changing hands in June. The supply of new listings experienced a deep dip with only 1,417 brought to market, a decline of 8.6 per cent compared to last year.
That imbalance has increased the average home price by 3.3 per cent to $750,747, officially making Mississauga a sellers’ market.
But even though the market is hot, some homes are still selling for reasonable prices—and other luxury properties are selling for big bucks.
Here's a look at the least and most expensive houses that sold in Mississauga in June.
This Meadowvale condo recently sold for $315,000 after being listed for $319,000. The price is quite reasonable for a two-bed, two-bath suite that spans about 800 sq. ft. The unit also boasts a walk-in closet, two parking spots, upgraded stainless steel appliances and upgraded flooring.
This two-bed, one-bath unit in Malton was listed for $328,000 and sold for $318,000. Spanning over 1,000 sq. ft. (units in older buildings are often quite spacious), this home will likely be a wise investment for a young couple, growing family or empty nesters looking to downsize.
This 500+ sq. ft. condo offers one bedroom, one bathroom and one parking spot. Listed for $329,000, it recently sold for $323,000. This cozy unit offers a fully renovated bathroom and kitchen, new windows and 11-foot slanted ceilings in the master bedroom and living room.
This condo, located in the Applewood Hills neighbourhood, sold way over asking. Listed at just $280,000, the 900+ sq. ft. unit sold for $325,000 (which is quite impressive for a condo). The two-bedroom, one-bathroom unit features spacious bedrooms, open living and dining areas, a spacious balcony and California shutters.
Listed at $339,000, this 500-599 sq. ft. bachelor apartment sold for $328,000—not much under asking at all. Bachelor apartments are relatively rare, and this one comes with condo fees that cover all of the unit's utilities (so hydro payments do not need to be made separately). The building also boasts a whirlpool, swimming pool, sauna and self car wash.
This gorgeous Lorne Park mansion was listed for 4,850,000 and sold for $4,450,000. Boasting five bedrooms, five bathrooms and nine parking spaces (and a three-car garage), this luxurious home is something to behold. The interior is gorgeous overall, but the windows and two-storey fireplace are standout features.
This detached Mineola home was listed for $2,880,000 and sold for $2,712,500. Offering five bedrooms and five bathrooms, this 5,800 sq. ft. family home still sold for $167,500 under asking. As far as features go, the listing says the house boasts a white kitchen with premium appliances, a covered stone terrace and outdoor fireplace.
Located near Lake Ontario, this custom-built home was listed for $2,787,800 and sold for $2,650,000. The Port Credit/Lakeview area house offers a sunken marble foyer, a walk-in pantry, a rustic-chic kitchen, an open staircase and more.
This gorgeous home was listed for $2,680,000 and sold for $2,508,000. The floating wine rack on the main floor is worth the price of admission alone, but the home also boasts six bedrooms, five bathrooms, exquisite smart features, a two-storey family room, a home theatre, a stunning yard and a chic, modern exterior.
This stunning house was listed at $2,750,000 and sold for $2,500,000—$250,000 under asking. It might have sold for less than the listing price, but it's still a gorgeous home that boasts six bedrooms, seven bathrooms, 5,000 sq. ft. of space and washrooms with heated floors.
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