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$1,899,000
Mississauga
5859 Riverside Place, Mississauga (East Credit), Ontario, L5M4X1
This 8-bedroom, 5-bathroom home in Mississauga is for sale offering roughly 4,250 sq ft of space. It has been on the market 19 days, fresher than the Mississauga average of 55 days.
Set on a remarkable deep ravine lot backing directly onto the Credit River in sought-after East Credit, 5859 Riverside Place offers exceptional privacy within easy reach of Streetsville Village, local shops, cafes and the GO station. Mature trees and a tranquil natural backdrop create a setting that is increasingly hard to find. Inside, a full-sized indoor pool and sauna create a private, year-round retreat. The dramatic living room features a cathedral ceiling and striking wall-to-wall mural, while a skylight fills the central staircase with natural light. The chef's kitchen is equipped with a built-in refrigerator and oven, 5-burner gas cooktop, centre island, and sunlit breakfast area overlooking the ravine. A dedicated main-floor office and full bathroom add valuable everyday flexibility. Outdoors, an oversized patio beneath a grapevine-draped pergola, together with a built-in projection screen, creates an exceptional setting for relaxed entertaining and open-air movie nights. Upstairs, the primary retreat opens to a private balcony overlooking the ravine. The lower level includes a temperature-controlled wine cellar, adding a thoughtful touch for collectors and hosts alike. With direct Credit River backing, an indoor pool and sauna, and a secluded natural setting, this is a distinctive East Credit property with a lifestyle that is difficult to replicate. (id:66096)
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 55 days across the listings currently for sale in this city
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.
This 8-bed single family in Mississauga (East Credit) has been listed for 19 days, which is 36 days fresher than the city average of 55. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $1,899,000, about 16.1× the local median household income of $118,000.
Carrying it typically needs a household income of about $370,941 (20% down, 25-yr amortization, stress-tested) — roughly 214% above the area median.
Source: Statistics Canada, 2021 Census (FSA L5M)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.