2979 Picton Place, Mississauga

Price: $999,900

5 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W12894146

Welcome to 2979 Picton Place. A sun-filled home nestled on a quiet, tree-lined street, just steps to top-ranked schools. Set on a prime corner lot with an impressive 63 ft width across the rear, this property features a sought-after southwest-facing backyard. The thoughtfully designed layout offers spacious principal rooms and a timeless neutral palette throughout. The custom eat-in kitchen is equipped with countertops, stainless steel appliances, a breakfast bar, and a butler's pantry-perfect for everyday living and entertaining. The second level features three additional bedrooms along with a private primary retreat. The finished lower level includes an additional living rooms, one bedroom and one bathroom, offering excellent flexibility for guests or extended family. Step outside to your own backyard oasis, complete with an in-ground pool and a deck with pergola for relaxing or hosting summer gatherings.

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$999,900 - 2979 Picton Place, Mississauga

Detached for Sale in Mississauga

5Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
W12894146
Property Type
Detached
Status
active
Days on Site
18
Bedrooms
5
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
ROYAL ELITE REALTY INC.
Description

Welcome to 2979 Picton Place. A sun-filled home nestled on a quiet, tree-lined street, just steps to top-ranked schools. Set on a prime corner lot with an impressive 63 ft width across the rear, this property features a sought-after southwest-facing backyard. The thoughtfully designed layout offers spacious principal rooms and a timeless neutral palette throughout. The custom eat-in kitchen is equipped with countertops, stainless steel appliances, a breakfast bar, and a butler's pantry-perfect for everyday living and entertaining. The second level features three additional bedrooms along with a private primary retreat. The finished lower level includes an additional living rooms, one bedroom and one bathroom, offering excellent flexibility for guests or extended family. Step outside to your own backyard oasis, complete with an in-ground pool and a deck with pergola for relaxing or hosting summer gatherings.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,130.01/mo

Includes CMHC insurance ($27,897)

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5-yr fixed avg.

Principal: $899,910Interest: $611,194
Mortgage Amount$927,807
Total Interest$611,194
Est. Property Tax$708/mo
Total Cost$1,539,002

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

2979 Picton Place, 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)
3.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,950
Maintenance Fees-$0
Property Tax (est.)-$708
Insurance (est.)-$208
Net Cash Flow+$3,034

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 25+ years of GTA real estate experience

Competitive Pricing

At $400/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 18 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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