4097 Hickory Drive, Mississauga

Price: $1,960,000

4 bedrooms, 3 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: W13211762

ATTENTION BUYERS AND BUILDERS! Welcome to the largest residential lot in prestigious Rathwood. This massive 66' x 325' (1/2 Acre) park-like property offers an unmatched canvas to renovate, expand, or build your custom dream home. The current spacious 3,000+ SF layout features a rare 3-car garage, multiple entrances and 2 kitchens, perfect for multigenerational living or a premium renovation project. DEVELOPMENT BONUS: Zoned for flexible medium density, this deep lot easily accommodates a luxury build, rear additions or a detached Garden Suite (ARU) while still retaining a massive backyard with room for a pool and garden. Bring your vision and renovate to create instant equity or build brand new in a highly sought after neighborhood! Buyer to do due diligence regarding Mississauga bylaws/permits. See attached zoning information. survey and floor plans.

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New Listing
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$1,960,000 - 4097 Hickory Drive, Mississauga

Detached for Sale in Mississauga

New — Listed 2 days ago
4Beds
3Baths
3,000 - 3,499Sq Ft
Detached
Property Details
MLS Number
W13211762
Property Type
Detached
Status
active
Days on Site
2
Bedrooms
4
Bathrooms
3
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Mississauga
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

ATTENTION BUYERS AND BUILDERS! Welcome to the largest residential lot in prestigious Rathwood. This massive 66' x 325' (1/2 Acre) park-like property offers an unmatched canvas to renovate, expand, or build your custom dream home. The current spacious 3,000+ SF layout features a rare 3-car garage, multiple entrances and 2 kitchens, perfect for multigenerational living or a premium renovation project. DEVELOPMENT BONUS: Zoned for flexible medium density, this deep lot easily accommodates a luxury build, rear additions or a detached Garden Suite (ARU) while still retaining a massive backyard with room for a pool and garden. Bring your vision and renovate to create instant equity or build brand new in a highly sought after neighborhood! Buyer to do due diligence regarding Mississauga bylaws/permits. See attached zoning information. survey and floor plans.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,669.74/mo

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5-yr fixed avg.

Principal: $1,568,000Interest: $1,032,922
Mortgage Amount$1,568,000
Total Interest$1,032,922
Est. Property Tax$1,388/mo
Total Cost$2,600,922

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

4097 Hickory Drive, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,800/mo
Range: $3,230 - $4,370
Cap Rate (ROI)
1.2%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,800
Maintenance Fees-$0
Property Tax (est.)-$1,388
Insurance (est.)-$408
Net Cash Flow+$2,004

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 $653/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 3,000 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.

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 3 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.

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