$1,595,000 - 1514 Portsmouth Place, Mississauga
Detached for Sale in Mississauga
Neighbourhood: East Credit
- MLS Number
- W13652360
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Welcome to 1514 Portsmouth Place, an exceptional family home tucked away at the end of a quiet, family-friendly cul-de-sac in the highly desirable East Credit community of Mississauga. With no through traffic, this peaceful setting offers privacy, safety, and a true neighbourhood feel that's hard to find. Offering over 3,600 sqft of living space across three levels, this 4+1 bedroom, 4.5 bathroom home is thoughtfully designed to accommodate growing and multi-generational families. The bright and inviting main floor features formal living and dining rooms, perfect for entertaining, along with a welcoming family room with fireplace and a private home office. The kitchen is equipped with stainless steel appliances, granite countertops, ample cabinetry, and a bright breakfast area. A convenient powder room and carpet-free flooring complete this level. Upstairs, you'll find four spacious bedrooms and three full bathrooms. The primary suite includes a walk-in closet and a five-piece ensuite. A second bedroom offers its own four-piece ensuite, while two additional bedrooms share a semi-ensuite. Hardwood flooring and a second-floor laundry room add everyday convenience. The finished lower level offers outstanding flexibility with a second kitchen, fifth bedroom, full bathroom, and spacious recreation area-an ideal setup for multi-generational living, a private space for extended family, long-term guests, older children returning home, or potential income generation, subject to applicable approvals. Enjoy outdoor living with a raised deck and the added benefit of a double garage. Surrounded by parks, trails along the Credit River, and top-rated schools, this home is perfectly situated for families. With easy access to Highways 403 and 401, and just minutes to Square One, Heartland Town Centre, Streetsville GO, Erindale GO, and BraeBen Golf Course, this is a rare opportunity to own a remarkable home in one of Mississauga's most established and family-friendly neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$7,055.22/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.
1514 Portsmouth 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 $638/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.
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 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.
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.