1611 Lewes Way, Mississauga, ON

$1,225,000
MLS#:W9050207
4 beds
2 baths
1500-2000 sqft
3.5 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Backsplit 5 detached located in the coveted neighborhood of Rathwood. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,225,000 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.

  • 4 Bedrooms and 2 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 32.53 x 116.16 ft lot
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.5 total parking spaces available with a convenient built-in configuration
  • Notable attributes: In-Law Capability
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Located In a Much Sought After Neighborhood of Mississauga! Situated On Child Friendly Street, This Beautiful Lovingly maintained, Link-Detached, 5 Level Backsplit Home, Offers so much potential for a SINGLE family or MULTI GENERATIONS to live under one roof. There are 3 separate entrances for ease of access to the different levels. ***Features an Open Concept Layout With a large Kitchen (possibility for 2 more kitchens in the lower levels). **Upper Level Features 3 Generous Size Bedrooms & 4pce Bath. Level 3 hosts a Side Entrance, Spacious Fam Rm With Fireplace, Office area, Sliding Doors To Large Private Backyard, 4th Bedroom and a 3Pc Bath.The 4th level is set for a laundry and kitchen and has a pass through to the Cantina as well as access to the garage. On The 5th Level You will Find the Finished Basement with a dry bar and a roughed in bathroom. Incredible Value In An Exceptional Location. Close To All Amenities including schools, parks and Transit. Steps To Rockwood Mall & easy access to highways. You'll want to see this one!

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Property Summary

This detached home located at 1611 Lewes Way, Mississauga is currently for sale and has been available on SousaSells for 724 days. This property is listed at $1,225,000 with an estimated mortgage of $4,078* per month. It has 4 beds, 2 bathrooms, and is 1500-2000 square feet. 1611 Lewes Way, Mississauga is in the Rathwood neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
2
Kitchens
2
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateAugust 13, 2024
Sold price information is available to members only
Listed Date7/22/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBacksplit 5
ConstructionBrick
BasementFinished, Full
Lot Size32.53 × 116.16 Feet
CountyPeel
Annual Tax$6,446.68
Legal DescriptionPCL 51-2, SEC M292; PT LT 51, PL M292, PT 22, 43R8475 ; MISSISSAUG

Parking & Garage

Parking Spaces3.5
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Level, Public Transit, School, Rec./Commun.Centre, Park

Interior Features

In-Law Capability

Security Features

Community Features

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Location

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1611 Lewes Way, 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 1611 Lewes Way, Mississauga, ON L4W 3H5

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.

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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$367,500 (30.0%)
* Minimum Canadian down payment required for this price is $245,000.
Amortization Period30 Years
Estimated Monthly Payment$4,078Based on a loan of $857,500 over 30 years.
Purchase Price$1,225,000
Loan Amount$857,500
Provincial Land Transfer Tax:$20,975
Total Estimated Closing Taxes:$20,975

About Purchasing a Home in Mississauga, ON

For a property listed at $1,225,000 in Mississauga, the legal minimum down payment is $245,000 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 $20,975 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 $20,975.

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City & Neighborhood Guide

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

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$1,116,139

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

St Basil
Public4235 Golden Orchard Drive, Rathwood, Mississauga, Ontario, L4W 3G1
7.1
St Sofia
Public3540 Havenwood Drive, Applewood, Mississauga, Ontario, L4X 2M9
7.6
Sts Martha & Mary
Public1760 Bough Beeches Boulevard, Rockwood Village, Mississauga, Ontario, L4W 2B9
7.5
St Alfred
Public3341 Havenwood Drive, Applewood, Mississauga, Ontario, L4X 2M2
5.3
St Thomas More
Public3270 Tomken Road, Applewood, Mississauga, Ontario, L4Y 2Y7
8.0

Secondary Schools

John Cabot
Public635 Willowbank Trail, Rathwood, Mississauga, Ontario, L4W 3L6
4.4
Philip Pocock
Public4555 Tomken Road, Rathwood, Mississauga, Ontario, L4W 1J9
5.9
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.