274 Mcgill Street, Mississauga

Price: $1,249,000

5 bedrooms, 3 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: W12989540

Welcome to this spacious and versatile 4-bedroom, two-storey home, perfectly suited for comfortable family living or an excellent investment opportunity. Offering a functional layout and endless possibilities, this home is ideal for growing families, extended relatives, or potential rental income.The main level features bright, generously sized principal rooms, including a large family room with a cozy fireplace and walk-out to the yard. The eat-in kitchen provides ample space for everyday dining and is complemented by the convenience of main floor laundry.Upstairs, you'll find generous bedrooms designed for comfort and practicality. The primary suite offers a private 4-piece ensuite along with his-and-hers walk-through closets leading to a tranquil sitting room - perfect as a reading lounge, home office, or conveniently located nursery.The basement provides additional living space, storage, or potential for future income opportunities. While some areas may benefit from modern updates, the home is well-maintained and move-in ready, offering an excellent opportunity to personalize and add value over time. Its solid structure and thoughtful layout make it both practical and full of potential.Located in a family-friendly community, the home is surrounded by parks, playgrounds, excellent schools, public transit, and major amenities including shopping centres, restaurants, banks, and fitness facilities. With easy access to main roads and highways, commuting is simple and convenient. Whether you're searching for a multi-generational home, an investment opportunity, or a property that can grow with your family, this home truly checks all the boxes. A fantastic opportunity to own a spacious property with incredible potential in a vibrant and well-connected neighbourhood.

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$1,249,000 - 274 Mcgill Street, Mississauga

Detached for Sale in Mississauga

5Beds
3Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
W12989540
Property Type
Detached
Status
active
Days on Site
16
Bedrooms
5
Bathrooms
3
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Mississauga
Listing Brokerage
HARVEY KALLES REAL ESTATE LTD.
Description

Welcome to this spacious and versatile 4-bedroom, two-storey home, perfectly suited for comfortable family living or an excellent investment opportunity. Offering a functional layout and endless possibilities, this home is ideal for growing families, extended relatives, or potential rental income.The main level features bright, generously sized principal rooms, including a large family room with a cozy fireplace and walk-out to the yard. The eat-in kitchen provides ample space for everyday dining and is complemented by the convenience of main floor laundry.Upstairs, you'll find generous bedrooms designed for comfort and practicality. The primary suite offers a private 4-piece ensuite along with his-and-hers walk-through closets leading to a tranquil sitting room - perfect as a reading lounge, home office, or conveniently located nursery.The basement provides additional living space, storage, or potential for future income opportunities. While some areas may benefit from modern updates, the home is well-maintained and move-in ready, offering an excellent opportunity to personalize and add value over time. Its solid structure and thoughtful layout make it both practical and full of potential.Located in a family-friendly community, the home is surrounded by parks, playgrounds, excellent schools, public transit, and major amenities including shopping centres, restaurants, banks, and fitness facilities. With easy access to main roads and highways, commuting is simple and convenient. Whether you're searching for a multi-generational home, an investment opportunity, or a property that can grow with your family, this home truly checks all the boxes. A fantastic opportunity to own a spacious property with incredible potential in a vibrant and well-connected neighbourhood.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,524.75/mo

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5-yr fixed avg.

Principal: $999,200Interest: $658,224
Mortgage Amount$999,200
Total Interest$658,224
Est. Property Tax$885/mo
Total Cost$1,657,424

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

274 Mcgill Street, 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)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$885
Insurance (est.)-$260
Net Cash Flow+$2,555

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

Competitive Pricing

At $625/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 16 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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