$1,174,900 - 163 Floradale Drive, Mississauga
Detached for Sale in Mississauga
46 days on market- MLS Number
- W13075444
- Property Type
- Detached
- Status
- active
- Days on Site
- 46
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 9,537 sqft
- Listing Brokerage
- KINGSWAY REAL ESTATE
Set on a remarkable deep pie-shaped lot with a 55-foot frontage and an expansive 102-foot rear width, this residence offers a level of outdoor space and privacy seldom found in the City. The generous lot accommodates multiple parking spaces, making it ideal for hosting and everyday convenience. The interior is warm and inviting, featuring three sun-filled bedrooms on the main level and a spacious, serene bedroom on the lower level. With effortless potential to create a fifth bedroom, the home adapts beautifully to growing families or multigenerational living. The lower level's configuration also lends itself perfectly to an in-law suite. A wine cellar adds a touch of refinement. Constructed as a solid brick custom build for the original owners, the home reflects decades of thoughtful care. Recently upgraded with some newer windows and beautiful picture window with 2 casement windows, new storm doors, front patio renewed with quality finishes, new insulation and waterproofing upgrade in the basement. Split rear entrance to lovely private backyard patio. Steps to primary schools and located in desirable Port Credit Secondary School District. Steps to Trillium Hospital and the new LRT. This area is poised for significant appreciation as major healthcare and transit expansions drive rapid neighbourhood growth.
Estimate your monthly payments for this property
Estimated Payment
$5,196.98/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.
163 Floradale Drive, 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
Fair Market Value
At $1068/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 46 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 $4,895 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.