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519 Hancock Way, Mississauga, ON L5H 4L5

5+1 beds · 6 baths · 1 kitchen · 11+3 rooms · 6 parking spaces · 3500-5000 sq ft · Laundry on the main level level · Detached
$3,499,000
Property tax
$13,957 / year

Welcome to refined family living in Watercolours, one of Lorne Park's most sought-after executive communities. Nestled on a quiet dead-end cul-de-sac in the prestigious Lorne Park school district, this beautifully renovated upscale residence offers timeless elegance, exceptional craftsmanship, and resort-style outdoor living. A stately façade and impeccable curb appeal set the tone, while rich new walnut flooring welcomes you into a thoughtfully designed interior. The formal living room, complete with a classic fireplace, flows seamlessly into the spacious formal dining room-perfect for elegant entertaining. The heart of the home is the stunning designer kitchen, expertly renovated with premium Wolf appliances, a Sub-Zero fridge, and a sunlit breakfast area overlooking the backyard oasis. Expansive windows frame lush landscaping like living artwork, filling the home with natural light and serene privacy.Adjacent to the kitchen, the inviting family room features a striking stone-tiled fireplace, creating the perfect gathering space. A private main floor office, beautifully renovated laundry room, and direct garage access complete the main level. Upstairs, five generous bedrooms provide exceptional family comfort.The luxurious primary retreat is truly magazine-worthy, showcasing a spa-inspired ensuite and an oversized custom W/I closet. Three additional bedrooms include a stylish 3-piece ensuite and a fifth bedroom, ideal as a nursery, office, or private guest suite. The fully finished lower level is designed for elevated entertaining and multigenerational living, featuring soaring ceilings, a dramatic two-sided fireplace, custom wet bar, B/I speakers, bench seating, a sixth bedroom with private3-pc ensuite, plus an additional powder room. Step outside to your private backyard sanctuary, complete with a sparkling inground pool, professionally landscaped gardens, multiple sitting areas, and full fencing for privacy and peace of mind. Walk to the Lake. Luxury Certified.

MLS number
W13421398
Type
Detached
Status
Active
Bedrooms
6
Bathrooms
6
Postal code
L5H 4L5
Photos
50
Laundry
Main Level level
95days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Luke Catholic Elementary School
Dufferin-Peel CDSB
Elementary533 m7.5 / 10
75% met the standard
Ontario Online SchoolsSecondary818 mNot reported
Kenollie Public School
Peel DSB
Elementary984 m8.9 / 10
89% met the standard
Riverside Public School
Peel DSB
Elementary751 m5.1 / 10
51% met the standard
Tecumseh Public School
Peel DSB
Elementary1.1 km8.5 / 10
85% met the standard
Montessori in the WoodsElementary1.5 kmNot reported
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Detached houses in Lorne Park211 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$1.69M$2.61M$3.53M20252026this home’s asking price
$1.93Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
94%97%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d22d45d20252026
17dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in lorne park. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 1,709 people.

$240,000Median household income
98.1%Own their home
95.2%Detached houses
46.8Median age
30%Born outside Canada
53.8%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35211937 — the few blocks around this address, home to 1,709 people. It describes the area, not this property.

1,709Population
42Average age
3.3Household size
$354,000Average household income
$240,000Median household income
98%Own their home
2%Rent
13%Condominiums
30%Born outside Canada
54%University degree
$2,280,000Average home value
5%Low income
63%Not in the labour force
31%Never married
$15,000 to $19,9991%
$25,000 to $29,9991%
$30,000 to $34,9991%
$45,000 to $49,9991%
$50,000 to $59,9992%
$60,000 to $69,9992%
$70,000 to $79,9991%
$80,000 to $89,9991%
$90,000 to $99,9992%
$100,000 and over45%
$100,000 to $124,9994%
$125,000 to $149,9993%
$150,000 to $199,9997%
$200,000 and over31%

Percentages are of the 940 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$699,800 · minimum here is $699,800
$15,492.81per month
Borrowed before insurance$2,799,200
Total borrowed$2,799,200
Interest over 25 years at 4.5%$1,848,644

If you rented it out

-$16,655.90per month out of pocket
Rent$0.00
Everything it costs to hold$16,655.90
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by RE/MAX ESCARPMENT REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.