3404 Monica Drive, Mississauga, ON
Property Highlights
Welcome to this remarkable Backsplit 3 detached located in the coveted neighborhood of Malton. Expertly crafted featuring premium brick and vinyl siding construction, this residence presents an exceptional opportunity offered at $859,999 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 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 40.37 x 125.19 ft lot
- Features a separate entrance, finished, apartment basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available with a convenient built-in configuration
- Notable attributes: Sump Pump
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
**New Legal Finished Basement Apartment With Separate Entrance** Welcome to this beautifully maintained 3+1 bedroom detached backsplit bungalow in the heart of Malton. The second floor is renovated with new flooring, light fixtures, and newly renovated bathroom. Main floor laundry, and there is a separate laundry for the Newly built Basement apartment with one bedroom, kitchen, full washroom and sitting room. The main floor boasts a sun filled combined living and dining room, perfect for family gatherings and entertaining, along with a separate breakfast area ideal for everyday dining. Featuring an open and inviting foyer with double mirrored closets and the kitchen features a sliding door that separates the foyer. A finished basement with a crawl space provides additional versatility and storage. The separate entrance offers excellent potential for extended family living or rental income. Freshly painted. Some rooms are virtually staged! Step outside to a spacious backyard with a tool shed, offering plenty of room for outdoor activities, gardening and extra storage. Ideally located just minutes from Toronto Pearson International Airport and close to schools, parks, shopping, and major highways, this home is a rare opportunity to own a spacious, move-in-ready property in a highly sought after community.
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Pricing & Value Insights
Data-driven valuation for 3404 Monica Drive, Mississauga, ON L4T 3E7
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About Purchasing a Home in Mississauga, ON
For a property listed at $859,999 in Mississauga, the legal minimum down payment is $61,000 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 $13,675 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 $13,675.
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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.