1259 Underwood Drive, Mississauga

Price: $1,350,000

5 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: W13789050

Stunning 2 Storey Detached Home on a Large Pie Shaped Lot with Backyard Oasis. Situated in a quiet, family friendly and just steps away from the beautiful Applewood Hills Greenbelt Trail. Set on a large pie shaped lot, this home features an incredible backyard with a spacious gazebo, tranquil zen inspired gardens, and two beautiful ponds. A truly special outdoor space for entertaining, relaxing, and enjoying the warmer months. The main floor has been thoughtfully extended with the proper building permit, creating an exceptionally spacious layout with more living space than typically found in the neighbourhood. The extension allowed for a stunning open concept kitchen and dining area with soaring cathedral ceilings, creating a bright and open gathering space. The main floor also features a generous family room with a cozy fireplace, recessed lighting, pot lights, and built in bar, as well as a separate living room with a sleek electric fireplace. Laundry room provides direct access to the garage. Upstairs, the spacious primary bedroom features a walk in closet and 3 piece ensuite. Two additional bedrooms offer generous space and peaceful views of the beautifully landscaped backyard. California shutters throughout add style, privacy, and convenience.The fully finished basement offers a separate 2 bedroom suite with its own entrance, kitchen, laundry, and 1 bathroom, providing excellent flexibility for extended family, guests, or potential rental income.Recent upgrades include a brand new water heater in 2024 and durable metal roof. Conveniently located close to parks, shopping, schools, and major highways. A wonderful opportunity to own a spacious detached home with beautiful extension in the back, large pie shaped lot, and one of the area's most unique backyard settings.

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$1,350,000 - 1259 Underwood Drive, Mississauga

Detached for Sale in Mississauga

Neighbourhood: Rathwood

5Beds
4Baths
2,000 - 2,499Sq Ft
Detached

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Property Details
MLS Number
W13789050
Property Type
Detached
Status
active
Days on Site
22
Bedrooms
5
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Mississauga
Taxes (2026)
$8,997
Listing Brokerage
RE/MAX PROFESSIONALS INC.
Description

Stunning 2 Storey Detached Home on a Large Pie Shaped Lot with Backyard Oasis. Situated in a quiet, family friendly and just steps away from the beautiful Applewood Hills Greenbelt Trail. Set on a large pie shaped lot, this home features an incredible backyard with a spacious gazebo, tranquil zen inspired gardens, and two beautiful ponds. A truly special outdoor space for entertaining, relaxing, and enjoying the warmer months. The main floor has been thoughtfully extended with the proper building permit, creating an exceptionally spacious layout with more living space than typically found in the neighbourhood. The extension allowed for a stunning open concept kitchen and dining area with soaring cathedral ceilings, creating a bright and open gathering space. The main floor also features a generous family room with a cozy fireplace, recessed lighting, pot lights, and built in bar, as well as a separate living room with a sleek electric fireplace. Laundry room provides direct access to the garage. Upstairs, the spacious primary bedroom features a walk in closet and 3 piece ensuite. Two additional bedrooms offer generous space and peaceful views of the beautifully landscaped backyard. California shutters throughout add style, privacy, and convenience.The fully finished basement offers a separate 2 bedroom suite with its own entrance, kitchen, laundry, and 1 bathroom, providing excellent flexibility for extended family, guests, or potential rental income.Recent upgrades include a brand new water heater in 2024 and durable metal roof. Conveniently located close to parks, shopping, schools, and major highways. A wonderful opportunity to own a spacious detached home with beautiful extension in the back, large pie shaped lot, and one of the area's most unique backyard settings.

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Estimated Payment

$5,971.51/mo

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5-yr fixed avg.

Principal: $1,080,000Interest: $711,452
Mortgage Amount$1,080,000
Total Interest$711,452
Est. Property Tax$956/mo
Total Cost$1,791,452

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: Rathwood

Family-Focused Community Living

Rathwood is a quiet, family-oriented neighbourhood in central Mississauga, known for its safe streets, good schools, and community amenities. The area offers a mix of townhomes and detached houses, many with mature landscaping and updates. Rathwood provides excellent value for families seeking a suburban lifestyle with urban convenience.

Why Live in Rathwood

  • •Family-friendly atmosphere
  • •Good schools and community programs
  • •Affordable entry point for families
  • •Quiet, safe residential streets
  • •Close to major shopping centres

Nearby Schools

Lincoln Alexander Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Rathburn Public SchoolPublic Elementary
St. Bernadette Catholic SchoolCatholic Elementary

Transit & Commuting

  • •Square One transit terminal nearby
  • •MiWay bus routes
  • •Highway 403 access
  • •15-minute drive to Toronto Pearson Airport

Parks & Amenities

  • •Rathwood Community Park
  • •Square One Shopping Centre (nearby)
  • •Mississauga Central Library (nearby)
  • •Local community centre
  • •Multiple parks and playgrounds

Lifestyle & Community

Rathwood offers comfortable family living with excellent value. The neighbourhood is ideal for those seeking a safe, community-oriented environment near urban amenities.

55
Walk Score
$650K - $1.2M
Price Range

1259 Underwood Drive, 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)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$956
Insurance (est.)-$281
Net Cash Flow+$2,463

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 $675/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 22 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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    1259 Underwood Drive, Mississauga | $1,350,000 | Battaglia Team