$2,400,000 - 763 Merlot Court, Mississauga
Detached for Sale in Mississauga
106 days on market- MLS Number
- W12845224
- Property Type
- Detached
- Status
- active
- Days on Site
- 106
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
Welcome to 763 Merlot Court, a beautifully updated family home set on a quiet cul de sac in the highly sought after Watercolours community of Lorne Park. Offering ~4,300 square feet of finished living space, this elegant residence combines timeless design with thoughtful modern upgrades. Sun filled interiors showcase rich hardwood floors, crown moulding, & expansive picture windows that create a warm & inviting atmosphere throughout. The main level is designed for both entertaining & everyday living, featuring a spacious kitchen with a large island & breakfast bar, quartz countertops, gas range, wine fridge, beverage station & breakfast area. The open concept great room offers custom built-ins, a striking double sided gas fireplace & walk-out to the outdoor patio. The formal dining room adds sophistication, while a private living room or office provides a quiet space to work or relax. For utility & convenience, the main floor further offers a powder room, mudroom closet & access to the double car garage. Upstairs, the primary suite offers a peaceful retreat with a spa inspired ensuite & walk in closet, complemented by three additional bedrooms, two beautifully finished bathrooms & an upstairs laundry closet for ease of living. The fully finished lower level with $100,000+ in finishing details adds exceptional versatility with a large recreation area, built in wet bar with dishwasher & fridge, laundry room, 2 additional bedrooms & 2 bathrooms, ideal for guests or extended family living. Outside, over $100,000 in curated landscaping creates a private backyard retreat complete with a built in stone barbecue, gas fire feature, wood burning fire pit lounge, & inviting patio spaces perfect for summer entertaining. Located just steps from a neighbourhood playground & minutes to top rated schools, parks, the lake, Port Credit Village, and GO Transit, this is an exceptional opportunity to enjoy refined family living in one of Lorne Park's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$10,616.01/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.
763 Merlot Court, 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 $960/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 106 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.
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 6 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.