$1,885,000 - 1978 Shannon Drive, Mississauga
Detached for Sale in Mississauga
67 days on market- MLS Number
- W12982114
- Property Type
- Detached
- Status
- active
- Days on Site
- 67
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
Welcome to 1978 Shannon Dr, ideally situated on a mature, tree-lined street in the highly coveted Mississauga Golf & Country Club neighbourhood, one of the city's most prestigious and sought-after luxury enclaves. This solidly built two-storey residence of approximately 2,400 sq. ft. presents an extraordinary opportunity for end users, investors, and visionary builders alike. Set on a beautiful mature lot surrounded by established trees and distinguished custom residences, this exceptional property is offered with permits currently in process for an approximately 4,400 sq. ft. ultra-modern luxury custom home, allowing the next owner to seamlessly bring a spectacular architectural vision to life. The proposed residence has been thoughtfully designed with a stunning contemporary aesthetic, elegant proportions, expansive glazing, and refined modern finishes, creating a truly exceptional future home that embodies sophisticated family living and grand-scale entertaining. The existing home offers immediate comfort and flexibility. The main floor features a grand foyer, spacious living and dining areas, and a large kitchen with breakfast area, enhanced by oversized windows that fill the space with abundant natural light. The inviting family room, complete with fireplace, offers a warm and welcoming atmosphere with a walk-out to mature private gardens. Additional main-floor features include a powder room and laundry room with convenient side entrance. Upstairs, you will find four generously sized bedrooms, including a spacious primary retreat with ensuite bath and sizeable walk-in closet. The unspoiled basement offers endless possibilities-ideal for a home gym, additional bedroom, recreation room, games room, home theatre, or customized family living space. Whether you choose to move in and enjoy, renovate over time, or capitalize on the luxury redevelopment potential, this is a rare and compelling offering in one of Mississauga's finest neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$8,337.99/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.
1978 Shannon 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 $943/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.
Negotiation Opportunity
At 67 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.
Bathroom Count Matters
With 3 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.