1355 GATEHOUSE Drive, Mississauga

Price: $2,999,999

5 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W12799586

Nestled in sought after Rattray Marsh is this residence that was taken back to the studs and fully renovated in 2021 featuring a design by well-known architect Gren Weis. You are welcomed into a sun-filled home that embraces the private ravine backyard through the expansive new Marvin windows. This home offers nearly 4000sqft of luxury living. The interior showcases eight inch engineered hardwood flooring, solid doors, potlights, a custom staircase, electric blinds on main and in primary bedroom. A gorgeous open concept layout and meticulous attention to detail distinguish this house from others. The kitchen is equipped with Miele appliances, Caesarstone counter and an eat-in island with quartz counters. The kitchen flows seamlessly to the dining room with custom built-in cabinetry and expansive sliding doors lead the way to the rear deck. The family room overlooks the backyard and features a rebuilt fireplace with Stuv wood inserts. The second level of the home offers 4 bedrooms. The primary bedroom features a custom walk in closet with Caesarstone countertops. The ensuite bath offers heated floors, double sinks with Caesarstone countertops, rainhead shower. The lower level of the home offers a walk out and includes a kitchenette with bar fridge, a cozy family room with fireplace and a 4 piece bathroom with heated floors and a bedroom. Dricore subflooring, new sump pump (2021), tankless hot water tank, upgraded insulation utilizing spray foam and batt insulation, all electrical and plumbing is new, epoxy flooring in garage, electric car charging outlet, new balcony with glass railings, redone covered front porch with tongue and groove, new stone patio and stone interlock, centralized ethernet and provisions for 5 camera zones. This home has it all! Situated on a dead end street just steps to Rattray Marsh, in sought after Lorne Park School District and close proximity to the GO station, Port Credit and so much more!

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$2,999,999 - 1355 GATEHOUSE Drive, Mississauga

Detached for Sale in Mississauga

44 days on market
5Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
W12799586
Property Type
Detached
Status
active
Days on Site
44
Bedrooms
5
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Description

Nestled in sought after Rattray Marsh is this residence that was taken back to the studs and fully renovated in 2021 featuring a design by well-known architect Gren Weis. You are welcomed into a sun-filled home that embraces the private ravine backyard through the expansive new Marvin windows. This home offers nearly 4000sqft of luxury living. The interior showcases eight inch engineered hardwood flooring, solid doors, potlights, a custom staircase, electric blinds on main and in primary bedroom. A gorgeous open concept layout and meticulous attention to detail distinguish this house from others. The kitchen is equipped with Miele appliances, Caesarstone counter and an eat-in island with quartz counters. The kitchen flows seamlessly to the dining room with custom built-in cabinetry and expansive sliding doors lead the way to the rear deck. The family room overlooks the backyard and features a rebuilt fireplace with Stuv wood inserts. The second level of the home offers 4 bedrooms. The primary bedroom features a custom walk in closet with Caesarstone countertops. The ensuite bath offers heated floors, double sinks with Caesarstone countertops, rainhead shower. The lower level of the home offers a walk out and includes a kitchenette with bar fridge, a cozy family room with fireplace and a 4 piece bathroom with heated floors and a bedroom. Dricore subflooring, new sump pump (2021), tankless hot water tank, upgraded insulation utilizing spray foam and batt insulation, all electrical and plumbing is new, epoxy flooring in garage, electric car charging outlet, new balcony with glass railings, redone covered front porch with tongue and groove, new stone patio and stone interlock, centralized ethernet and provisions for 5 camera zones. This home has it all! Situated on a dead end street just steps to Rattray Marsh, in sought after Lorne Park School District and close proximity to the GO station, Port Credit and so much more!

Mortgage Calculator

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Estimated Payment

$13,270.01/mo

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5-yr fixed avg.

Principal: $2,399,999Interest: $1,581,003
Mortgage Amount$2,399,999
Total Interest$1,581,003
Est. Property Tax$2,125/mo
Total Cost$3,981,002

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.

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Neighbourhood Guide: Mississauga

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

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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.

70
Walk Score
Varies
Price Range

1355 GATEHOUSE Drive, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,950/mo
Range: $3,358 - $4,543
Cap Rate (ROI)
0.5%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$2,125
Insurance (est.)-$625
Net Cash Flow+$1,200

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1200/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.

Market Position

At 44 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.

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 4 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.

Mississauga Market Insight

Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.

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