$4,988,888 - 1476 Carmen Drive, Mississauga
Detached for Sale in Mississauga
Neighbourhood: Mineola
- MLS Number
- W13271720
- Property Type
- Detached
- Status
- active
- Days on Site
- 29
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- ROYAL LEPAGE REALTY PLUS
An exceptional custom residence in the heart of Mineola, designed by David Small and set on a spectacular 105 x 348 ft ravine lot - an incredibly rare opportunity in this highly sought-after neighborhood. This home offers soaring 10' ceilings, vaulted architectural details, heated travertine marble floors, floor-to-ceiling windows, and multiple fireplaces throughout. The gourmet kitchen features heated floors, a large center island, premium buil0in appliances, built=in speakers, and overlooks the breathtaking backyard. The primary bedroom features a coffered ceiling, private balcony, walk-in closet, and a luxurious 6-piece ensuite with heated floors, jacuzzi tub, and steam shower. The lower level is complete with a wine room, gym, wet bar, and dedicated gold simulator room. An additional bedroom with a walkout to the backyard offers the perfect space for guests or extended family. Step outside to your own resort-style backyard featuring an in-ground pool, jacuzzi, mature trees, professional landscaping, and complete privacy with stunning ravine views. A truly rare offering combined luxury, privacy, and timeless design in one of Mississauga's most sought-after neighborhoods.
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Estimated Payment
$22,067.53/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.
Classic Elegance Near the Lake
Mineola is one of Mississauga's most desirable mature neighbourhoods, featuring grand homes on generous lots, tree-lined streets, and a strong community atmosphere. Located between Port Credit and Lorne Park, Mineola offers the best of both worlds - proximity to the waterfront and easy access to major transportation routes.
Why Live in Mineola
- •Grand homes on large, mature lots
- •Tree-lined streets with established character
- •Walking distance to Port Credit village
- •Excellent schools and family environment
- •Strong community engagement
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 5 minute drive
- •MiWay bus service
- •Close to QEW for highway access
- •18-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Tall Oaks Park
- •Mineola Community Centre
- •Close to Port Credit waterfront
- •Local parks and green spaces
- •Walking trails
Lifestyle & Community
Mineola offers a peaceful, established neighbourhood feel with easy access to Port Credit's amenities. Residents enjoy the best of suburban living with the convenience of nearby urban attractions.
1476 Carmen 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 30+ years of GTA real estate experience
Fair Market Value
At $998/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 29 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.
Larger Home Realities
At 5,000 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 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 6 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.