$2,320,000 - 5859 Riverside Place, Mississauga
Detached for Sale in Mississauga
49 days on market- MLS Number
- W13057672
- Property Type
- Detached
- Status
- active
- Days on Site
- 49
- Bedrooms
- 8
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX IMPERIAL REALTY INC.
Vacant Property!!! Just a short walk to prestigious Streetsville Village, this rare sanctuary in beautiful East Credit offers over 4,000 sq ft above grade and more than 6,000 sq ft of total living space including a finished basement, plus a full-sized indoor swimming pool.Tucked away on a quiet street and backing onto the scenic Credit River ravine, this home is surrounded by mature forest and offers a unique blend of privacy, luxury, and natural beauty. It feels like a peaceful retreat while remaining close to all city amenities. As you step inside, the living room is to your right, featuring a soaring cathedral ceiling and a striking wall-to-wall mural. A graceful spiral staircase leads to the second floor, highlighted by a skylight that fills the space with natural light. The home offers 4+4 bedrooms and 5 bathrooms. A main floor office can serve as a fifth bedroom or extra study space. There is also a separate side entrance and direct interior access to the two-car garage. Upstairs, the primary suite features a large walk-in closet and a beautifully appointed 6-piece ensuite. Two bedrooms feature their own ensuites, while the third and fourth oversized bedrooms share a 4-piece bath. The kitchen is equipped with a built-in fridge, oven, microwave, 5-burner gas stove, center island, and a bright breakfast area. A glass door leads to the full-sized indoor pool and sauna, with space for a home gym, creating a versatile, resort-like environment you can enjoy year-round. Multiple sliding doors open to an oversized patio with a large pergola covered in grapevines and a built-in projection screen, perfect for entertaining. Beyond the patio and pool area, the property extends into a serene, wooded setting that feels like your own private park. Additional features include a custom wine cellar and a saltwater aquarium. A rare opportunity to enjoy space, privacy, and nature in one of Mississauga's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$10,262.14/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.
5859 Riverside Place, 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 $663/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 49 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.
Larger Home Realities
At 3,500 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.
Excellent Flexibility
With 8 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.