$1,780,000 - 1497 Bancroft Drive, Mississauga
Detached for Sale in Mississauga
Neighbourhood: East Credit
- MLS Number
- W13652044
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- INX LANDMARK REALTY
A rare opportunity to own a fully renovated detached home in the highly sought-after East Credit community. Beautifully updated from top to bottom-inside and out-this exceptional property sits on a premium 74' x 115' corner lot, offering outstanding curb appeal and an abundance of outdoor space.Step inside to a bright and spacious open-concept layout designed for modern living. The main floor features an inviting living and dining area, a warm and welcoming family room with a stylish electric fireplace, and a dream kitchen complete with premium appliances, an oversized centre island, and ample cabinetry. Walk out to the professionally landscaped backyard, a private outdoor oasis perfect for relaxing or entertaining.The second floor offers a luxurious primary bedroom featuring a large walk-in closet and a beautifully renovated spa-inspired ensuite bathroom, along with two additional generously sized bedrooms, each with ample closet space.Adding incredible versatility, this home includes a separate nanny/in-law suite with its own kitchen and bedroom, making it ideal for extended family, guests, or multi-generational living. The fully finished basement further enhances the home's functionality with two additional bedrooms, a full kitchen, and flexible living space-perfect for extended family, recreation, or potential income opportunities.This exceptional home seamlessly blends comfort, style, functionality, and flexibility, making it a true turnkey property.Ideally located just minutes from Heartland Town Centre with quick access to major highways. Enjoy walking distance to parks, golf courses, top-rated schools, shopping, restaurants, and all the amenities East Credit has to offer.
Estimate your monthly payments for this property
Estimated Payment
$7,873.54/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 East Credit
East Credit 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 East Credit
- •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
East Credit 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.
1497 Bancroft 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
Competitive Pricing
At $593/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.
Larger Home Realities
At 3,000 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 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 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.