$1,560,000 - 5532 Ethan Drive, Mississauga
Detached for Sale in Mississauga
112 days on market- MLS Number
- W12747660
- Property Type
- Detached
- Status
- active
- Days on Site
- 112
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to a beautifully updated detached home in the heart of Churchill Meadows. This spacious four-bedroom, four-bathroom residence is perfect for large families or anyone craving extra space. The second floor offers a rare layout-two bedrooms with private en-suites and all bedrooms with direct access to a bathroom, making mornings and busy routines a breeze. The main floor has been completely renovated and features rich hardwood flooring throughout, complemented by custom lighting and sleek California shutters. The open-concept living and dining areas create a bright, inviting space, ideal for entertaining or relaxing with family. The kitchen is a showstopper, with extended cabinetry, an island sink, and stainless steel appliances. A cozy gas fireplace anchors the spacious family room, adding warmth and charm. This home also offers a fully finished basement apartment with its separate side entrance for privacy. Complete with a full kitchen and large escape windows, it's perfect for generating rental income or comfortably hosting extended family. Natural light floods the space, making it feel like an extension of the main home. Whether you're looking for rental income or a separate space for in-laws, it's a valuable bonus that adds flexibility and privacy. Enjoy the convenience of being just minutes from Highways 403 and 407, Erin Mills Town Centre, Ridgeway Plaza, Credit Valley Hospital, and top-rated schools. With tasteful upgrades, a smart layout, and modern features throughout, this home offers everything needed for comfortable, connected living in one of Mississauga's most desirable neighborhoods. Located just minutes from Highways 403 and 407, this property offers unmatched convenience. You're a short drive away from Erin Mills Town Centre, Ridgeway Plaza, Credit Valley Hospital, and top-rated schools. This is a rare opportunity to own a stunning, turn-key home in one of Mississauga's most desirable communities. Come take a look-you might just fall in love.
Estimate your monthly payments for this property
Estimated Payment
$6,900.41/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.
5532 Ethan Drive, 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 $780/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.
Negotiation Opportunity
At 112 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 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.
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.