3815 Althorpe Circle, Mississauga

Price: $1,199,999

4 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: W13097036

Upgraded Detached Home with LEGAL BASEMENT APARTMENT in Prime Mississauga! Meticulously maintained and move-in ready, this home features hardwood floors (2019) and a renovated kitchen with updated appliances (2019), complemented by pot lights and modern finishes throughout. Freshly painted (2026) with upgraded bathrooms, including a new standing shower (2026).Major upgrades include Furnace & A/C (2018, regularly maintained), roof (2014), electrical panel (2020), smart thermostat (2025), and duct cleaning (2026)-offering peace of mind for years to come.Situated on a desirable northwest-facing lot with no sidewalk, providing extra parking and added privacy. Enjoy direct garage access into the home, a private deck, landscaped yard with perennial herb garden, and exterior pot lights with automatic pathway lighting.Located in sought-after Mississauga near top-rated schools such as Lisgar Middle School and Meadowvale Secondary School. Close to shopping including Walmart and Real Canadian Superstore, plus restaurants and everyday amenities. Quick access to Hwy 401 & 407 and GO Transit via Lisgar GO Station and Meadowvale GO Station.Bonus: Legal basement apartment (2020) with separate entrance and own separate laundry. Currently tenanted to a AAA single tenant paying $1,850/month (incl. utilities)-a fantastic income opportunity. Tenant would like to continue if possible. Turnkey, income-generating, and ideally located-don't miss this one! OPEN HOUSE ON SATURDAY 23RD MAY 2 TO 4 PM

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$1,199,999 - 3815 Althorpe Circle, Mississauga

Detached for Sale in Mississauga

37 days on market

Neighbourhood: Lisgar

4Beds
4Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
W13097036
Property Type
Detached
Status
active
Days on Site
37
Bedrooms
4
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
RIGHT AT HOME REALTY
Description

Upgraded Detached Home with LEGAL BASEMENT APARTMENT in Prime Mississauga! Meticulously maintained and move-in ready, this home features hardwood floors (2019) and a renovated kitchen with updated appliances (2019), complemented by pot lights and modern finishes throughout. Freshly painted (2026) with upgraded bathrooms, including a new standing shower (2026).Major upgrades include Furnace & A/C (2018, regularly maintained), roof (2014), electrical panel (2020), smart thermostat (2025), and duct cleaning (2026)-offering peace of mind for years to come.Situated on a desirable northwest-facing lot with no sidewalk, providing extra parking and added privacy. Enjoy direct garage access into the home, a private deck, landscaped yard with perennial herb garden, and exterior pot lights with automatic pathway lighting.Located in sought-after Mississauga near top-rated schools such as Lisgar Middle School and Meadowvale Secondary School. Close to shopping including Walmart and Real Canadian Superstore, plus restaurants and everyday amenities. Quick access to Hwy 401 & 407 and GO Transit via Lisgar GO Station and Meadowvale GO Station.Bonus: Legal basement apartment (2020) with separate entrance and own separate laundry. Currently tenanted to a AAA single tenant paying $1,850/month (incl. utilities)-a fantastic income opportunity. Tenant would like to continue if possible. Turnkey, income-generating, and ideally located-don't miss this one! OPEN HOUSE ON SATURDAY 23RD MAY 2 TO 4 PM

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$5,308.00/mo

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5-yr fixed avg.

Principal: $959,999Interest: $632,401
Mortgage Amount$959,999
Total Interest$632,401
Est. Property Tax$850/mo
Total Cost$1,592,400

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: Lisgar

Modern Living in Nature's Embrace

Lisgar is a newer, master-planned community in northwest Mississauga, developed primarily in the 1990s and 2000s. The neighbourhood features modern homes, extensive parks, and excellent schools. Lisgar offers a suburban lifestyle with convenient access to highways and the new developments along the 401 corridor.

Why Live in Lisgar

  • Newer homes in modern designs
  • Extensive parks and green spaces
  • Top-rated schools
  • Highway 401 and 407 access
  • Growing retail and services

Nearby Schools

Lisgar Middle SchoolPublic Middle School
Meadowvale Secondary SchoolPublic High School
St. Joan of Arc CSSCatholic High School
Lisgar Public SchoolPublic Elementary

Transit & Commuting

  • MiWay bus connections
  • Close to Highway 401 and 407 ETR
  • Lisgar GO Station (proposed)
  • 10-minute drive to Toronto Pearson Airport

Parks & Amenities

  • Lisgar Park
  • Churchill Meadows Community Centre
  • Multiple sports fields and playgrounds
  • Retail plazas along Britannia Road
  • Proximity to outlet malls

Lifestyle & Community

Lisgar offers modern suburban living with excellent amenities. The neighbourhood is perfect for families seeking newer homes and easy highway access.

42
Walk Score
$800K - $1.5M
Price Range

3815 Althorpe Circle, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$850
Insurance (est.)-$250
Net Cash Flow+$2,100

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 $800/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 37 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.

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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    MLS# W13097036 — 3815 Althorpe Circle, Mississ… | Battaglia Team