$1,549,000 - 1122 Lamplight Way, Mississauga
Detached for Sale in Mississauga
Popular Listing- MLS Number
- W13012920
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX PARAMOUNT REALTY
Welcome to 1122 Lamplight Way - offering 2,926 square feet of refined living space in the heart of Olde Meadowvale Village, one of Mississauga's most sought-after and character-filled communities. Surrounded by tree-lined streets and heritage-inspired homes, this is a neighbourhood known for its charm, tranquility, and strong sense of community. Upon entry, the home impresses with soaring double-height ceilings, a sweeping oak staircase, and expansive sightlines extending to the rear of the property - creating a bright and elegant first impression. The open-concept main floor is thoughtfully designed for both everyday living and entertaining, featuring rich hardwood flooring, pot lighting throughout, and a well-appointed living area anchored by a gas fireplace. The kitchen is both functional and stylish, complete with granite countertops, quality cabinetry, and upgraded appliances. This home also offers modern conveniences, including central air conditioning, central vacuum, and a tankless water heater, ensuring comfort and efficiency throughout. The exterior is equally impressive, highlighted by a stamped concrete driveway and new garage doors, enhancing curb appeal. The private backyard features an interlocking patio and storage shed, providing a well-designed outdoor space. The fully finished basement adds valuable living space, offering an open-concept layout with two bedrooms, a powder room, ample storage, and a spacious cold room - ideal for extended family or flexible use. Homes in Olde Meadowvale Village are rarely available and highly regarded for their unique character and setting. This is a rare opportunity to own a beautifully maintained home in a truly distinctive neighbourhood.
Estimate your monthly payments for this property
Estimated Payment
$6,851.75/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1122 Lamplight Way, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $620/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,454 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.