1038 Eastmount Avenue, Mississauga, ON

$879,000
MLS#:W11928465
2 beds
2 baths
700-1100 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Lakeview. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $879,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 32.9 x 132 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available
  • Notable attributes: In-Law Capability
  • equipped with other central cooling and highly efficient forced air heating via gas

Description

OPPORTUNITY KNOCKS! HUGE REDUCTION! EXCELLENT VALUE! Don't Miss this Bungalow Bargain with Tempting Possibilities! Prime, Prime, Prime Lakeview Location! Minutes to the lakefront, 24 lush green parks, bike trails, golf & acres of nature! Near shopping, transit, services & schools, including French Immersion. Large 32 X132 Ft. lot with gorgeous backyard oasis for BBQ's for celebrating life's milestones. Relax on a 20 Ft. deck, pick fruit from your own apple tree! Includes a Garden Shed, plus a Workshop for hobbies. Pet paradise with room to roam. Near spectacular, multi-billion-dollar re-development project, Lakeview Village, plan for 8000 posh new homes destined to be Mississauga's new, glittering Riviera which will add value & gentrify the area. Good long-term investment. This solid & cozy family home offers options galore & potential! Expand the existing 2 Bedroom, 2 Bath floor plan, transform into a 4 Bedroom home using ample rec room space. Build up or out. Includes a finished basement with separate side door entrance. Ideal for a Granny Flat/Teenage Hub/ Man Cave/Home Office. Ideal two-generation family home. Roughed-in for 2nd Kitchen downstairs, 200+ Amp service. Retro Bar for entertaining in huge downstairs family room. Main floor, large17.5 FT Kitchen, updated & bright with 2 windows, almond colour cabinets, pantry, lots of storage! Dining Room with Walk Out to Deck. Generous bedrooms, organized closets. Over 1500 Sq. Ft. approx. total living space. Affordable condo alternative, practical starter home for a single/ young couple/ large family on a penny-pincher's budget. Front yard parking for 3 cars. Awaiting your lipstick reno and modern updates. Live in & gradually renovate, room by room. Add your own creative sparkle to this diamond in the rough. Being sold "as is", including chattels, fixtures structure & mechanicals. Enjoy the good life near the lake & create a mini-masterpiece. Act fast! Quick closing possible. Probate completed.

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Property Summary

This detached home located at 1038 Eastmount Avenue, Mississauga is currently for sale and has been available on SousaSells for 545 days. This property is listed at $879,000 with an estimated mortgage of $2,926* per month. It has 2 beds, 2 bathrooms, and is 700-1100 square feet. 1038 Eastmount Avenue, Mississauga is in the Lakeview neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 29, 2025
Sold price information is available to members only
Listed Date1/17/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionAluminum Siding
BasementFinished
Lot Size32.9 × 132 Feet
CountyPeel
Annual Tax$4,752.17
Legal DescriptionPlan C22 Lot 81

Parking & Garage

Parking Spaces3.0
Garage Spaces3
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingOther

Features

Property Features

Lake/Pond, Library, Park, Public Transit, School, Marina

Interior Features

In-Law Capability

Security Features

Monitored

Community Features

Virtual Tours

Location

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1038 Eastmount Avenue, Mississauga, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 1038 Eastmount Avenue, Mississauga, ON L5E 1Z3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mississauga.

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Interest Rate4.00%
Down Payment$263,700 (30.0%)
* Minimum Canadian down payment required for this price is $62,900.
Amortization Period30 Years
Estimated Monthly Payment$2,926Based on a loan of $615,300 over 30 years.
Purchase Price$879,000
Loan Amount$615,300
Provincial Land Transfer Tax:$14,055
Total Estimated Closing Taxes:$14,055

About Purchasing a Home in Mississauga, ON

For a property listed at $879,000 in Mississauga, the legal minimum down payment is $62,900 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $14,055 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $14,055.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Lakeview, Mississauga.

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$1,444,966

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
24%
Other households
6%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

Queen of Heaven
Public1198 Alexandra Avenue, Lakeview, Mississauga, Ontario, L5E 2A5
8.2
St. James
CatholicSaint James Avenue, Lakeview, Mississauga, Ontario, L5E 1G4
8.4
St Dominic
Public515 Hartsdale Avenue, Mineola, Mississauga, Ontario, L5G 2G7
6.1
St Edmund
Public1250 Melton Drive, Dixie, Mississauga, Ontario, L4Y 1L5
9.2
ISNA Islamic
Public1525 Sherway Drive, Dixie, Mississauga, Ontario, L4X 1B5
9.2

Secondary Schools

St. Paul
Catholic815 Atwater Avenue, Lakeview, Mississauga, Ontario, L5E 1L8
7.7
Port Credit SS
PublicPort Credit, Mississauga, Ontario
7.2
Applewood Heights SS
PublicApplewood, Mississauga, Ontario, L4Y 2K1
5.4

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.