$3,750,000 - 1182 Streambank Drive, Mississauga
Detached for Sale in Mississauga
- MLS Number
- W13126744
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- Engel & Volkers Oakville
Nestled in the highly prestigious Lorne Park neighbourhood of Mississauga, this extraordinary custom-built masterpiece, brilliantly designed by renowned architect Bill Hicks, offers an unparalleled blend of timeless elegance and modern luxury across over 5,000 square feet of meticulously crafted living space. Featuring six spacious bedrooms and five beautifully appointed bathrooms, the striking exterior showcases rich blue siding, elegant stone accents, and a welcoming covered porch. The tranquil backyard oasis includes a large rear deck and a spacious stone patio perfectly surrounded by mature trees. Stepping inside, the open-concept main floor reveals gleaming hardwood floors and breathtaking coffered ceilings that flow seamlessly. Crestron system controls music and lighting and enjoy the music from built-in speakers in the main living areas and primary bedroom. This expansive living area features a sophisticated fireplace with a classic white mantel that elegantly anchors the inviting room. At the heart of the home, the gourmet kitchen boasts pristine white perimeter cabinetry, a contrasting dark island, luxurious granite countertops. Premium appliances; Wolf gas stove & warming tray, Sub-Zero panelled Fridge/Freezer & Bev Fridge, Miele tower containing convention/microwave, steamer and coffee machine, Miele dishwasher . Opulent primary suite offers a spa-like ensuite bathroom complete with a deep soaking tub encased in beautiful granite, a seamless glass walk-in shower, and a romantic fireplace. The impressive lower level is an entertainer's dream, featuring a massive projector screen and rich hardwood floors. This walk-out basement also highlights a fully equipped wet bar, a cozy fireplace flanked by a rustic stone accent wall, and double French doors that open to the patio. Finally, wine enthusiasts will absolutely adore the magnificent custom Rosehill wine cellar, which is meticulously outfitted with extensive cedar racking to display a great collection.
Estimate your monthly payments for this property
Estimated Payment
$16,587.51/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.
1182 Streambank Drive, 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 $1071/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.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
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 5 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.