$1,399,000

For sale

5165 Rayana Ridge, Mississauga (Churchill Meadows) - Single Family for Sale

5165 Rayana Ridge, Mississauga (Churchill Meadows), Ontario, L5M8B1

5 beds4 baths4 parking2,250 ft²32 × 110 ft (3,536 sq ft) lot sizeListed 20 days ago

Overview

This 5-bedroom, 4-bathroom home in Mississauga is for sale offering roughly 2,250 sq ft of space. It has been on the market 20 days, fresher than the Mississauga average of 46 days.

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Description

Welcome to 5165 Rayana Ridge, nestled in one of Mississauga's most prestigious, desirable, and family-oriented neighbourhoods. This stunning, freshly painted detached home offers 4+1 BEDROOMS, 5 WASHROOMS, APPROXIMATELY 2,200 SQ. FT. OF LIVING SPACE ABOVE GRADE, PLUS A FULLY FINISHED BASEMENT, WITH THE POTENTIAL FOR TWO SEPARATE DWELLING UNITS, subject to municipal approvals and applicable regulations. Featuring an impressive list of upgrades, including new flooring on the main level and basement, along with new light fixtures throughout. The beautifully designed basement features its own kitchen and modern washroom, with the potential to create a separate entrance and generate additional rental income. Ideal for extended family, in-law accommodation, or future investment opportunities. Conveniently located close to schools, parks, public transit, shopping, major highways, and a wide range of amenities. Beautifully updated and thoughtfully designed, this exceptional home offers the perfect blend of style, comfort, convenience, and investment potential. Truly a wonderful place to call home-don't miss it! (id:66096)

Property Details

MLS®: W14083706
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 4 above · 1 below
Bathrooms: 4
Half Baths: 1
Parking: 4
Interior Size: 2,250 ft²
Lot Size: 32 × 110 ft (3,536 sq ft)
Frontage: 32 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Ownership: Freehold
Property Tax

Rooms

Main level

Living room: 6.09 x 3.05 meters
Dining room: 6.09 x 3.05 meters
Family room: 3.84 x 3.66 meters
Kitchen: 3.12 x 3.05 meters
Eating area: 3.66 x 2.44 meters

Basement

Kitchen
Bedroom
Living room

Second level

Primary Bedroom: 5.18 x 3.96 meters
Bedroom 2: 3.2 x 3.05 meters
Bedroom 3

Features

Appliances: Washer, Central Vacuum, Dryer, Garage door opener
Flooring: Laminate, Ceramic
Foundation: Concrete
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

20d

Mississauga (Churchill Meadows) listings, avg age

46d

Price / ft²

$622

List price

$1.40M

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 5-bed single family in Mississauga (Churchill Meadows) has been listed for 20 days, which is 26 days fresher than the city average of 46. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · KHALID ABDULAHAD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5M)

This home lists at $1,399,000, about 11.9× the local median household income of $118,000.

Carrying it typically needs a household income of about $273,274 (20% down, 25-yr amortization, stress-tested) — roughly 132% above the area median.

Median household income: $118,000
Population: 106,468
Median age: 39.6
Owner / renter: 77% / 23%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L5M)

$1,399,000· $622/ft²

For sale

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Full Cost Breakdown

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Down Payment8.21% · $114,900.00

Min 8.21%50%

Mortgage payment$7,119/mo

↳ CMHC premium ($51,364 capitalized)

Property tax (est.)$670/mo

Total monthly$7,789

Cash Needed to Close

Down payment (8.21%)$114,900

Land transfer tax$24,455

Est. closing costs$6,697

Total cash needed$146,052

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