199 North Service Road, Mississauga

Price: $2,388,800

5 bedrooms, 3 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: W13147750

Rare Live / Invest / Redevelop Opportunity In One Of Mississauga's Fastest Growing Corridors! Situated On A Nearly Half-Acre Lot Near QEW & Hurontario, This Spacious 2-Storey Detached Home Offers Exceptional Flexibility For Investors, Multi-Generational Families, Contractors, Or Future Redevelopment Potential. Features 5 Bedrooms, 3 Full Washrooms, 2 Kitchens, Generous Living & Dining Areas, Parking For 10+ Vehicles, And A Separate Heated Detached Garage With Its Own Breaker Panel (120/240V) And Ceiling-Mounted Natural Gas Heating. Large Frontage And Deep Lot Provide Incredible Long-Term Potential In An Evolving Urban Growth Area. Minutes To Future Hurontario LRT, Cooksville GO, Square One, Port Credit, QEW, Hwy 403, Hwy 401, And The New Peter Gilgan Mississauga Hospital. Rare Opportunity To Secure A Unique Property In A High Demand Mississauga Location. All appliances are included. Stainless steen appliances. One elelctric stove and one gas stove. Upstairs bathroom washer/dryer included.

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$2,388,800 - 199 North Service Road, Mississauga

Detached for Sale in Mississauga

5Beds
3Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
W13147750
Property Type
Detached
Status
active
Days on Site
27
Bedrooms
5
Bathrooms
3
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Mississauga
Listing Brokerage
YES REALTY INC.
Description

Rare Live / Invest / Redevelop Opportunity In One Of Mississauga's Fastest Growing Corridors! Situated On A Nearly Half-Acre Lot Near QEW & Hurontario, This Spacious 2-Storey Detached Home Offers Exceptional Flexibility For Investors, Multi-Generational Families, Contractors, Or Future Redevelopment Potential. Features 5 Bedrooms, 3 Full Washrooms, 2 Kitchens, Generous Living & Dining Areas, Parking For 10+ Vehicles, And A Separate Heated Detached Garage With Its Own Breaker Panel (120/240V) And Ceiling-Mounted Natural Gas Heating. Large Frontage And Deep Lot Provide Incredible Long-Term Potential In An Evolving Urban Growth Area. Minutes To Future Hurontario LRT, Cooksville GO, Square One, Port Credit, QEW, Hwy 403, Hwy 401, And The New Peter Gilgan Mississauga Hospital. Rare Opportunity To Secure A Unique Property In A High Demand Mississauga Location. All appliances are included. Stainless steen appliances. One elelctric stove and one gas stove. Upstairs bathroom washer/dryer included.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$10,566.47/mo

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5-yr fixed avg.

Principal: $1,911,040Interest: $1,258,900
Mortgage Amount$1,911,040
Total Interest$1,258,900
Est. Property Tax$1,692/mo
Total Cost$3,169,940

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

199 North Service Road, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
0.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$1,692
Insurance (est.)-$498
Net Cash Flow+$1,510

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Premium Pricing

At $1194/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 27 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 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.

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    199 North Service Road, Mississauga | $2,388,800 | Battaglia Team