$1,499,000 - 5576 Ethan Drive, Mississauga
Single Family Home for Sale in Mississauga
32 days on market- MLS Number
- W12645818
- Property Type
- Single Family Home
- Status
- active
- Days on Site
- 32
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 4,279 sqft
- Listing Brokerage
- ELEVATE CITY REALTY INC.
A Beautifully Designed Corner Lot Home That Offers The Perfect Blend Of Luxury, Comfort, AndFunctionality. Situated In The Highly Sought-After Churchill Meadows Neighborhood OfMississauga, This Spacious 5-Bedroom, 4-Bathroom Home Is A True Gem. As You Step Inside,You'll Immediately Notice The Abundance Of Natural Light Streaming Through The Many Windows,Creating A Bright And Welcoming Atmosphere Throughout The Home. The Open-Concept Design MakesThis Home Perfect For Both Entertaining And Everyday Family Living. Each Of The FourGenerously Sized Bedrooms Is Equipped With Its Own Ensuite Or Semi-Ensuite Bathroom, ProvidingPrivacy And Convenience For Every Member Of The Family. The Homes Stunning Backyard Features AStamped Concrete Patio, Ideal For Outdoor Dining, Relaxation, Or Hosting Friends And Family.All 5 Appliances.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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.
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.
5576 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 25+ years of GTA real estate experience
Competitive Pricing
At $600/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 32 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.
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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,246 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.