5824 Prairie Circle, Mississauga

Price: $1,259,999

5 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: W12990178

Welcome to 5824 Prairie Circle, a beautifully renovated detached home nestled in a family-friendly neighborhood in Mississauga. This spacious 4+1 bedroom, 4-bathroom home offers a well-thought-out layout with a large open foyer and an elegant open hardwood staircase that creates an impressive first impression. The main level features beautiful laminate flooring and a generously sized family room, perfect for both relaxing and entertaining. The home's thoughtful design allows for seamless flow between the living, dining, and kitchen spaces. The kitchen is a true highlight, featuring a large centre island perfect for food preparation, a dedicated eat-in area with its own table for casual family meals, a gas stove, and a convenient built-in coffee bar - making it an ideal space for both daily living and entertaining. Upstairs, the primary bedroom retreat includes a walk-in closet and a luxurious 5-piece ensuite bathroom, offering both comfort and privacy. Three additional bedrooms and another full 4-piece bathroom complete the upper level, providing ample space for a growing family. The finished basement features a separate in-law suite, perfect for extended family, guests, or potential rental income. The property sits on a well-maintained lot with an interlocked backyard, and a shed, ideal for outdoor entertaining and low-maintenance living. Additional highlights include a double-car garage and an extra-long driveway with no sidewalk, comfortably fitting up to four full-sized vehicles. Located close to schools, parks, shopping, and major highways, this renovated home blends space, functionality, and convenience in one of Mississauga's most desirable communities.

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$1,259,999 - 5824 Prairie Circle, Mississauga

Detached for Sale in Mississauga

5Beds
4Baths
2,000 - 2,499Sq Ft
Detached
Property Details
MLS Number
W12990178
Property Type
Detached
Status
active
Days on Site
16
Bedrooms
5
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Mississauga
Listing Brokerage
SUTTON GROUP ELITE REALTY INC.
Description

Welcome to 5824 Prairie Circle, a beautifully renovated detached home nestled in a family-friendly neighborhood in Mississauga. This spacious 4+1 bedroom, 4-bathroom home offers a well-thought-out layout with a large open foyer and an elegant open hardwood staircase that creates an impressive first impression. The main level features beautiful laminate flooring and a generously sized family room, perfect for both relaxing and entertaining. The home's thoughtful design allows for seamless flow between the living, dining, and kitchen spaces. The kitchen is a true highlight, featuring a large centre island perfect for food preparation, a dedicated eat-in area with its own table for casual family meals, a gas stove, and a convenient built-in coffee bar - making it an ideal space for both daily living and entertaining. Upstairs, the primary bedroom retreat includes a walk-in closet and a luxurious 5-piece ensuite bathroom, offering both comfort and privacy. Three additional bedrooms and another full 4-piece bathroom complete the upper level, providing ample space for a growing family. The finished basement features a separate in-law suite, perfect for extended family, guests, or potential rental income. The property sits on a well-maintained lot with an interlocked backyard, and a shed, ideal for outdoor entertaining and low-maintenance living. Additional highlights include a double-car garage and an extra-long driveway with no sidewalk, comfortably fitting up to four full-sized vehicles. Located close to schools, parks, shopping, and major highways, this renovated home blends space, functionality, and convenience in one of Mississauga's most desirable communities.

Mortgage Calculator

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Estimated Payment

$5,573.40/mo

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5-yr fixed avg.

Principal: $1,007,999Interest: $664,021
Mortgage Amount$1,007,999
Total Interest$664,021
Est. Property Tax$892/mo
Total Cost$1,672,020

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

5824 Prairie Circle, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$892
Insurance (est.)-$262
Net Cash Flow+$2,546

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 $630/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 16 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.

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.

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