$2,999,850 - 1168 Stavebank Road, Mississauga
Multi-Family for Sale in Mississauga
- MLS Number
- W12983756
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 20
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Situated Within The Distinguished Enclave Of Mineola West, 1168 Stavebank Rd Introduces A Compelling And Highly Strategic Offering For Builders, Developers, Investors, And Discerning End Users Alike. Occupying An Extraordinary 121.17 X 200.92 Ft Lot That Backs Directly Onto The Credit River, This Expansive Property Presents The Scale, Frontage & Natural Setting Required To Realize A Landmark Custom Residence, Investigate Potential Severance Opportunities (Subject To Approvals), Or Curate A Pvt Estate. Opportunities Of This Magnitude Are Becoming Increasingly Scarce Within Mineola, Where Land Value Continues To Fuel A Wave Of Luxury Redevelopment. Surrounded By An Impressive Collection Of Newly Constructed Homes, Many Exceeding 4,000 Sqft, The Property Is Enriched By A Mature Tree Canopy, Tranquil River Vistas & A Refined Streetscape That Together Establish An Exceptional Canvas For A Future Showpiece Designed To Achieve Premium Resale Positioning. For End Users, The Lifestyle Proposition Is Equally Compelling. A Rare Chance To Secure Riverfront-Backed Land In One Of Mississauga's Most Prestigious Neighbourhoods, With The Flexibility To Renovate, Hold, Or Build A Custom Residence Tailored To Exact Preferences. The Serene Natural Backdrop Combined W/ The Stability Of An Established Community Creates An Environment Ideally Suited For Refined Family Living. Currently Improved W/ A Well-Maintained Legal Duplex, The Property Offers Immediate & Reliable Holding Income. Each Self-Contained Unit Features Functional Layouts W/ Strong Rental Appeal, Supported By Consistent Tenant Demand Within This Highly Sought-After Pocket. This Allows Investors To Generate Cash Flow While Thoughtfully Planning Future Redevelopment. Positioned Just Moments From Port Credit's Vibrant Waterfront, Marina, Dining & GO Transit, W/ Seamless Connectivity To The QEW & Downtown Toronto, This Address Effortlessly Unites The Tranquility Of Riverfront Living With The Convenience Of Urban Accessibility.
Estimate your monthly payments for this property
Estimated Payment
$13,269.35/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.
1168 Stavebank Road, 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
Premium Pricing
At $1500/sqft, this property is priced above the Mississauga average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Market Position
At 20 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $12,499 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.