$2,000,000 - 2489 Olinda Court, Mississauga
Detached for Sale in Mississauga
New — Listed 4 days agoNeighbourhood: Erindale
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- MLS Number
- W13829738
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 8
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Grand one-of-a-kind custom estate, offering over 7,000 sq. ft. of luxurious living space on an expansive almost half-acre lot in highly desirable Erindale community of Mississauga** A soaring 22-ft open-to-above entrance sets an impressive first impression, featuring custom cast-iron railings and rich cherry hardwood flooring that continue throughout the home** Gourmet kitchen features two oversized islands, granite counters, premium built-in stainless-steel appliances and bright breakfast area overlooking the private backyard** The spectacular family room boasts dramatic open-to-above ceilings, custom built-ins, gas fireplace & oversized windows that fill the space with natural light** The main-floor primary bedroom offers exceptional privacy and comfort, complete with a fireplace, luxurious 6 pc ensuite, walk-in closet, and direct access to a private retreat room (home office/room)** Upstairs 4 generously sized bedrooms feature walk-in closets and ensuite access, surrounding a stylish study loft with custom built-in cabinetry** Step outside to your own private resort-style backyard, complete with an inground pool, enclosed hot tub, large entertaining deck, and mature landscaping. Three Car Garage & an expansive driveway accommodating up to 12 vehicles** Generous side yard offering exceptional space for outdoor recreation** Fully finished basement includes 3 bedrooms, 2 baths with separate entrance & modern kitchen (currently rented for $2500/month) and other side has a theatre with high end equipment & sound system, mirrored gym and recreation area-ideal for extended or multi-generational living**Close to Trillium Health Partners Hospital, Square One, highly regarded schools, shopping, dining, public transit, and major highways including the QEW and Hwy 403** A remarkable estate offering space, privacy, luxury, and an enviable location.
Estimate your monthly payments for this property
Estimated Payment
$8,846.67/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.
Nature and University Town Living
Erindale is a mature neighbourhood centered around the University of Toronto Mississauga campus and the scenic Credit River valley. The area offers a unique combination of natural beauty, academic culture, and established residential streets. Erindale Park, one of Mississauga's largest and most beautiful parks, anchors the community.
Why Live in Erindale
- •Adjacent to UTM campus
- •Credit River valley and trails
- •Erindale Park - one of Mississauga's finest
- •Mature trees and established streets
- •Strong rental market near university
Nearby Schools
Transit & Commuting
- •MiWay Route 110 to UTM
- •Easy access to Highway 403
- •Erindale GO Station (planned)
- •25-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Erindale Park
- •Credit River trails
- •Erindale Community Centre
- •UTM campus amenities
- •Riverwood Conservancy (nearby)
Lifestyle & Community
Erindale combines the serenity of nature with the vibrancy of a university community. Residents enjoy beautiful parks, academic culture, and a diverse, welcoming atmosphere.
2489 Olinda Court, 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 $571/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 3,500 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 8 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.