$4,888,000 - 883 Parkland Avenue, Mississauga
New Construction for Sale in Mississauga
Popular Listing- MLS Number
- W12800442
- Property Type
- New Construction
- Status
- active
- Days on Site
- 12
- Bedrooms
- 6
- Bathrooms
- 7
- Square Feet
- ~3,500 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Surrounded by nature and prestige, this remarkable residence sits steps away from Rattray Marsh trails, Lake Ontario, and beloved local gems like Jack Darling Park and Meadow Wood Park. Perfectly situated on a sprawling 90x166 ft lot, this custom-built home backs onto lush green-space. Meticulously designed with over 7,000 sq ft of finished living space, this 4+2 bedroom, 7-bathroom estate captivates from the moment you arrive. A soaring 23-foot cathedral ceiling sets a striking tone, anchored by a solid wood staircase and drenched in natural light from floor-to-ceiling windows. Principal rooms flow with intention, from the living and great room to a spacious family room and dining, each detailed with rich hardwood, layered millwork, and timeless finishes. At the heart of the home lies a chef's kitchen outfitted with top-tier stainless steel appliances, custom cabinetry, a generous island, and a full pantry, ideal for entertaining. Premium features continue throughout: heated floors, built-in speakers, tray ceilings, multiple fireplaces and a private elevator connecting every level. On the upper level, the primary suite is a true retreat, featuring elegant coffered ceilings, a boutique-inspired dressing room, a spa-style ensuite, and a private walk-out balcony with serene backyard views. Each additional bedroom is designed with comfort and privacy in mind, offering custom closets and ensuite access. The finished walk-out lower level expands the living space, offering two more bedrooms, two full bathrooms, a den, and a generous recreation space. Outside, mature trees frame a private backyard sanctuary, offering rare tranquility. Whether you're enjoying morning coffee on the terrace or taking an evening stroll to the lake, this home delivers a lifestyle thats as elevated as its design.
Estimate your monthly payments for this property
Estimated Payment
$21,621.27/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.
883 Parkland Avenue, 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
Premium Pricing
At $1397/sqft, this property is priced above the Mississauga average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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 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 7 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 $20,367 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.