1086 Balment Avenue, Mississauga, ON

$1,287,000
MLS#:W8467166
2 beds
3 baths
4.0 parking
Residential Freehold
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⚠️

Property no longer active

This property was sold on August 12, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Lakeview. Expertly crafted featuring premium brick and shingle construction, this residence presents an exceptional opportunity offered at $1,287,000 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 3 Bathrooms with 2 functional kitchens
  • Premium 68.6 x 110.15 ft lot size
  • Features a apartment basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available
  • Notable attributes: In-Law Suite
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Located on a quiet dead-end street! This rare opportunity to own this one-of-a-kind Bungalow featuring a stunning renovated "legal basement apartment" is totally private & separate from the rest of the home. Quality workmanship, custom mouldings, high-quality luxury vinyl plank floors, custom California blinds, bright spacious kitchen with ample cabinets, ceramic floors, sliding door walk/out to the deck, conveniently overlooking the Inground concrete pool and serene backyard. The custom main floor can be converted back to a two-bedroom if desired. Walk to parks and the lake. All upgrades were completed within 6 years ago. Don't miss this home!

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Property Summary

This detached home located at 1086 Balment Avenue, Mississauga is currently for sale and has been available on SousaSells for 757 days. This property is listed at $1,287,000 with an estimated mortgage of $4,284* per month. It has 2 beds, 3 bathrooms, and is unknown square feet. 1086 Balment 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
3
Kitchens
2
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 12, 2024
Sold price information is available to members only
Listed Date6/21/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow
ConstructionBrick, Shingle
BasementApartment
Lot Size68.6 × 110.15 Feet
CountyPeel
Annual Tax$6,012.1
Legal DescriptionPart Lot 103, Plan K22 as in RO1035281

Parking & Garage

Parking Total4.0
Parking Space4
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

In-Law Suite

Security Features

Community Features

Location

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1086 Balment 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 1086 Balment Avenue, Mississauga, ON L5E 1N8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

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

Configure Loan Settings

Interest Rate4.00%
Down Payment$386,100 (30.0%)
* Minimum Canadian down payment required for this price is $257,400.
Amortization Period30 Years
Estimated Monthly Payment$4,284Based on a loan of $900,900 over 30 years.
Purchase Price$1,287,000
Loan Amount$900,900
Provincial Land Transfer Tax:$22,215
Total Estimated Closing Taxes:$22,215

About Purchasing a Home in Mississauga, ON

For a property listed at $1,287,000 in Mississauga, the legal minimum down payment is $257,400 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 $22,215 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 $22,215.

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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.