$1,269,000 - 3392 Water Lily Court, Mississauga
Detached for Sale in Mississauga
42 days on market- MLS Number
- W13094322
- Property Type
- Detached
- Status
- active
- Days on Site
- 42
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 4,424 sqft
- Listing Brokerage
- RIGHT AT HOME REALTY
Welcome to 3392 Waterlily Court, a beautifully maintained detached home tucked away on a quiet, family-friendly court offering added privacy and a strong sense of community with minimal traffic in one of Mississauga's most desirable neighbourhoods. Featuring 4 spacious bedrooms and 4 bathrooms, this home offers the perfect blend of comfort, functionality, and flexibility for growing families.The bright and inviting layout features generous principal rooms ideal for everyday living and entertaining, while the well-sized bedrooms provide plenty of space to relax and unwind.A standout feature is the fully finished basement with separate entrance and complete 2-bedroom living space, offering incredible potential for an in-law suite or rental income opportunity to help offset mortgage costs.Whether for extended family or investment purposes, the flexibility here is a major advantage.Large Pie Lot that doubles in the back. Located just minutes from Highway 401, Highway 403, and Highway 407, commuting is effortless. Enjoy close proximity to Heartland Town Centre, parks, schools, transit, restaurants, and everyday amenities, with nearby green spaces including Osprey Marsh and Lake Aquitaine Park.A fantastic opportunity to own a versatile home with space, location, and income potential in the heart of Mississauga.
Estimate your monthly payments for this property
Estimated Payment
$5,613.22/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.
3392 Water Lily Court, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $635/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 42 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 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 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.