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$1,499,900
Mississauga
5965 River Grove Avenue, Mississauga (East Credit), Ontario, L5M4Z8
This 8-bedroom, 5-bathroom home in Mississauga is for sale offering roughly 3,250 sq ft of space. It has been on the market 16 days, fresher than the Mississauga average of 55 days.
Absolutely stunning 5-bedroom detached home offering over 4,000 sq ft of bright, spaciousliving in the highly desirable River Grove community. Situated in one of the area's mostsought-after neighborhoods, this property is a legal two-dwelling unit and is convenientlyclose to top-rated schools, community centres, public transit, and Heartland Town Centre. Themain level showcases elegant hardwood flooring and a versatile den for a home office alongsidegenerously sized principal rooms designed for comfortable family living. Extensive upgrades have been completed, including a renovated main floor with new flooring and kitchen appliances, a new roof, modern light fixtures, updated stairs, and a newly finished driveway. The basement is thoughtfully configured with two self-contained units: a 2-bedroom apartment and a 1-bedroomstudio, each featuring its own kitchen and washroom, along with a separate shared laundry area. Strong rental income potential(over $3,500 per month), an excellent opportunity for investors or multi-generational living. A rare chance to own a turnkey property with significant income potential in a prime location !!! (id:66096)
Features and services as supplied by the listing brokerage.
Active: 16 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 16 days, which is 39 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 $1,499,900, about 12.7× the local median household income of $118,000.
Carrying it typically needs a household income of about $292,983 (20% down, 25-yr amortization, stress-tested) — roughly 148% 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.