$1,799,000 - 3840 Promontory Crescent, Mississauga
Detached for Sale in Mississauga
58 days on marketNeighbourhood: Erin Mills
- MLS Number
- W13005394
- Property Type
- Detached
- Status
- active
- Days on Site
- 58
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- THE MARKET REAL ESTATE INC.
Tucked into a quiet cul-de-sac in one of Mississauga's most exclusive enclaves, this exceptional ravine property offers a rare blend of privacy, scale, and lifestyle. Backing directly onto the Credit River ravine, the home delivers a truly private backyard setting with breathtaking, uninterrupted views-an increasingly scarce offering in the city. This elegant two-storey detached residence features a double garage and a grand circular staircase that sets the tone from the moment you enter. Sunlight pours through expansive windows, illuminating the principal rooms and enhancing the warmth of the hardwood flooring throughout (95% carpet-free, with hardwood on main and upper levels and laminate in the finished basement). Designed for both family living and entertaining, the home offers a spacious, family-sized kitchen with panoramic ravine views, a finished walkout basement complete with a wood-burning fireplace and sauna, and direct access to a patio and inground pool overlooking the natural landscape. Two wood-burning fireplaces add character and comfort, while abundant storage ensures practicality without compromise. Recent upgrades include a new furnace (2026) and a 200-amp electrical panel (2026), offering peace of mind and modern efficiency. Perfectly positioned for convenience, the home is just one bus stop to the GO Train, minutes to the University of Toronto Mississauga campus, and surrounded by parks, trails, and family-friendly amenities. A short walk connects you to playgrounds and scenic pathways along the Credit River. A rare opportunity to secure a private court location on a premium ravine lot-where tranquility, prestige, and connectivity come together seamlessly.
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Estimated Payment
$7,957.58/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.
Master-Planned Excellence
Erin Mills is one of Mississauga's most successful master-planned communities, developed by the Cadillac Fairview Corporation starting in the 1970s. The neighbourhood is renowned for its excellent schools, abundant green spaces, and well-designed street layouts. Erin Mills offers a complete suburban lifestyle with top-tier amenities, making it one of the most sought-after areas in the GTA.
Why Live in Erin Mills
- •Award-winning master-planned community
- •Excellent schools including top-ranked John Fraser SS
- •Erin Mills Town Centre shopping
- •Extensive parks and trail systems
- •Mix of housing from condos to executive homes
Nearby Schools
Transit & Commuting
- •Erin Mills Transitway
- •MiWay bus network
- •Highway 403 access
- •Close to Highway 401 and 407
Parks & Amenities
- •Erin Mills Town Centre
- •Credit Valley Conservation Areas
- •Erin Meadows Community Centre
- •Multiple golf courses nearby
- •Extensive trail systems
Lifestyle & Community
Erin Mills epitomizes successful suburban planning. Residents enjoy excellent schools, convenient shopping at Erin Mills Town Centre, and beautiful natural areas. The community attracts families seeking top-tier education and a safe, well-maintained environment.
3840 Promontory Crescent, 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
Fair Market Value
At $900/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 58 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.