$4,150,000 - 1301 Gatehouse Drive, Mississauga
Detached for Sale in Mississauga
59 days on market- MLS Number
- W13014724
- Property Type
- Detached
- Status
- active
- Days on Site
- 59
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Spectacular Lorne Park/Rattray Marsh custom home overlooking Lake Ontario with over $700,000 spent in recent renovations. Muskoka in the city setting backing onto Turtle Creek with multi million dollar panoramic views, and located at the end of a child friendly cul-de-sac. Spacious living/dining room areas with hardwood floors, gas fireplace, garden doors with walk-out to front porch, and an adjacent Butlery's servery with granite counter tops. Gourmet kitchen with lake/ravine views, granite counter tops, stainless steel appliances, centre island, ceramic backsplash, soft closing drawers, large breakfast area with walk-out to a cantilevered floating balcony with glass side panels. Open concept family room with lake/ravine views, pot lighting, and a bio fuel fireplace with granite surround. Trendy updated 2 piece powder room, interior entrance to garage and main floor laundry. Separate level fourth bedroom or potential in-law/nanny suite with double door entry, his/her closets, front balcony, gorgeous 3 piece bathroom, 2nd walk-out to balcony over looking the ravine and Lake Ontario. Upper level completely rebuilt with hand scraped hardwood floors throughout all bedrooms, main 3 piece bathroom with walk-in glass shower with rain shower head, convenient additional 2 floor laundry, and lounge area with breathtaking picturesque views. Primary bedroom retreat with lake/ravine views, walk-in closet with organizers/pull-out drawers, and spa-like 5 piece en-suite with Roman tub, his/her sinks with marble counter top, large walk-in shower with rain shower head and hand held spray. Walk-out finished basement with an abundance of natural light, hardwood floors, pot lighting, wet bar with dishwasher, cold cellar, 5th bedroom, 3 piece bathroom with vessel sink, recreation area with gas fireplace and walk-out to stone patio area. Just minutes away to Jack Darling Park, beaches, walking/biking trails, tennis, shopping, QEW highway, transit, dog park, and Port Credit Go Station
Estimate your monthly payments for this property
Estimated Payment
$18,356.85/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.
1301 Gatehouse 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
Premium Pricing
At $1186/sqft, this property is priced above the Mississauga average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 59 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 5 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.