$2,399,900 - 3188 Parkerhill Road, Mississauga
Detached for Sale in Mississauga
41 days on market- MLS Number
- W13092576
- Property Type
- Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
A once-in-a-generation opportunity in a prime urban location. For the first time in 25 years, and having been home to only two families in nearly half a century, this sprawling family home is ready for its next chapter. Situated on a rare 75' x 180' lot in the heart of the city, this property offers a level of space that's increasingly hard to find.The home's grand presence is immediate, with an expansive circular driveway that accommodates 10+ vehicles, ideal for large families and entertaining. Inside, enjoy over 5,700 sq. ft. of finished living space (3,520 sq. ft. above grade and 2,200 sq. ft. below). Timeless finishes include limestone, marble, and granite, complemented by rich hardwood throughout. The home also offers several pockets of quiet, peaceful space-perfect for relaxing, working from home, or enjoying a little privacy.The main level features a bright solarium, while the lower level impresses with a fully finished 2-bedroom apartment-ideal for multi-generational living, a private guest suite, or income potential.Unbeatable convenience: walk to the GO Station, reach five grocery stores within 5 minutes, and get to Home Depot and Canadian Tire in 3. The hospital is 5 minutes away, and Square One is just 10 minutes from your front door. Don't miss the chance to make lasting memories in your forever family home, on a street where families settle in and stay.
Estimate your monthly payments for this property
Estimated Payment
$10,615.57/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.
3188 Parkerhill Road, 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 $686/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 41 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 3,500 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 5 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.