$1,999,000 - 1777 Covington Terrace, Mississauga
Detached for Sale in Mississauga
35 days on market- MLS Number
- W13114092
- Property Type
- Detached
- Status
- active
- Days on Site
- 35
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Distinguished ravine residence backing onto the Credit River in the exclusive Credit Pointe enclave. Situated on a deep, professionally landscaped lot with mature trees and prized southern exposure, this exceptional home offers remarkable privacy and panoramic views of the river valley. Boasting over 4,700 sq ft of beautifully finished living space on three levels, the home features a dramatic foyer with soaring ceilings and an elegant staircase. Hardwood floors, extensive crown moulding, and 9-ft ceilings enhance the refined main level. The custom chef-inspired kitchen showcases a generous centre island, granite countertops, premium built-in appliances, and a sun-filled breakfast area overlooking the ravine, seamlessly flowing into the inviting family room with fireplace. Walk out to the elevated wraparound deck and enjoy breathtaking southwest sunsets in a tranquil natural setting. A sophisticated main floor office with custom built-ins adds both function and style. Upstairs, four spacious bedrooms include a luxurious primary retreat with sitting area, walk-in closet, and spa-like 5-pc ensuite. The finished lower level features a fully self-contained basement apartment with a separate entrance, full kitchen, two bedrooms, and a full bath - an outstanding opportunity for rental income or multi-generational living. Lofted garage ceiling for added storage. Located on a quiet, family-friendly street close to top-rated schools, parks, Culham Trail, Credit Valley Hospital, Erin Mills Town Centre, Hwy 403 and GO Transit. A rare and refined ravine offering.
Estimate your monthly payments for this property
Estimated Payment
$8,842.25/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.
1777 Covington Terrace, 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
Competitive Pricing
At $666/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 35 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 3,000 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 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.