$888,000 - 1588 Hobbs Crescent, Mississauga
Detached for Sale in Mississauga
86 days on market- MLS Number
- W12915178
- Property Type
- Detached
- Status
- active
- Days on Site
- 86
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- FOREST HILL REAL ESTATE INC.
Welcome to 1588 Hobbs Cres, a lovingly maintained home, tucked away on a quiet Clarkson crescent and set on a generous 50 x 125 ft mature lot. Owned and cared for by the same family for years, this home is now ready for its next chapter-and it shows beautifully. Gorgeous, hardwood floors-meticulously preserved runs throughout, paired with fresh paint, updated trim work, and brand new modern light fixtures that bring a bright, clean, and contemporary touch to every room. Offering 4 spacious bedrooms and 2 full updated bathrooms, this 4-level backsplit with attached garage provides an abundance of living space for growing families or multi-generational living. A charming and trendy breakfast nook creates the perfect setting for everyday family meals, while the large principal rooms offer both comfort and functionality. The separate side entrance opens the door to incredible potential. The lower level can be easily converted into an in-law suite or income-generating unit, making this a smart investment opportunity with future positive cash flow potential. Downstairs, you'll also find a large rec room and workshop area in addition to a massive ~400 sq ft crawl space with approximately 4 ft of headroom-ideal for all your storage and organization needs. Step outside to a huge, private backyard, soon to be fully enclosed with a brand new wood fence (Spring 2026), creating the perfect outdoor space for kids, pets, entertaining, or simply enjoying the peaceful surroundings.With key mechanical updates already taken care of and a location close to parks, schools, and amenities, this is a rare opportunity to own a turn-key home with space, character, and functionality. A home that has been well loved, thoughtfully updated, and is now ready for a new family to make lasting memories in!
Estimate your monthly payments for this property
Estimated Payment
$4,555.90/mo
Includes CMHC insurance ($24,775)
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.
1588 Hobbs Crescent, 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 $807/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.
Negotiation Opportunity
At 86 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.
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 $3,700 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.