2547 Morrison Avenue, Mississauga

Price: $1,999,999

5 bedrooms, 4 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: W14096858

RARE 50' x 304' LOT | CUSTOM-BUILT HOME | FINISHED WALK-OUT BASEMENT An exceptional opportunity to own a custom-built home, originally constructed in 1999 and set on a rare 50' x 304' premium lot in the desirable Huron Park community. The extraordinary depth of the property provides a private, mature backyard, a custom-built shed with electrical power, and abundant space for gardening, entertaining, recreation and relaxation. The main floor features 9-foot ceilings, a spacious foyer and hardwood flooring throughout. A versatile home office or main-floor bedroom adds flexibility, while the inviting open-concept living and dining areas are thoughtfully designed for both comfortable family living and entertaining. At the heart of the home is a bright, generously sized kitchen featuring granite countertops, updated stainless-steel appliances, and a brand-new gas range and faucet. The sunny breakfast area, surrounded by large windows, overlooks the beautiful backyard. A walk-out provides direct access to the deck and expansive outdoor setting-ideal for family gatherings and summer entertaining. Upstairs, the spacious primary bedroom offers two walk-in closets, a private sitting area and a newly professionally redesigned 5-piece ensuite. Three additional generously sized bedrooms, each with large closets, are complemented by a newly professionally renovated main bathroom. The finished basement significantly expands the home's living space and features higher ceilings, an oversized recreation room with large windows, gas fireplace, wet bar, cold cellar and dedicated workroom, along with extensive storage. An additional bedroom with two closets and an adjoining 3-piece bathroom provides excellent flexibility for guests or extended family. The separate walk-out leads directly to the backyard, creating exceptional versatility for multi-generational living, recreation and entertaining.

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active
New Listing

$1,999,999 - 2547 Morrison Avenue, Mississauga

Detached for Sale in Mississauga

New — Listed today

Neighbourhood: Erindale

5Beds
4Baths
3,000 - 3,499Sq Ft
Detached

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Property Details
MLS Number
W14096858
Property Type
Detached
Status
active
Days on Site
0
Bedrooms
5
Bathrooms
4
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Mississauga
Taxes (2026)
$12,163
Listing Brokerage
REALTY EXECUTIVES PLUS LTD
Description

RARE 50' x 304' LOT | CUSTOM-BUILT HOME | FINISHED WALK-OUT BASEMENT An exceptional opportunity to own a custom-built home, originally constructed in 1999 and set on a rare 50' x 304' premium lot in the desirable Huron Park community. The extraordinary depth of the property provides a private, mature backyard, a custom-built shed with electrical power, and abundant space for gardening, entertaining, recreation and relaxation. The main floor features 9-foot ceilings, a spacious foyer and hardwood flooring throughout. A versatile home office or main-floor bedroom adds flexibility, while the inviting open-concept living and dining areas are thoughtfully designed for both comfortable family living and entertaining. At the heart of the home is a bright, generously sized kitchen featuring granite countertops, updated stainless-steel appliances, and a brand-new gas range and faucet. The sunny breakfast area, surrounded by large windows, overlooks the beautiful backyard. A walk-out provides direct access to the deck and expansive outdoor setting-ideal for family gatherings and summer entertaining. Upstairs, the spacious primary bedroom offers two walk-in closets, a private sitting area and a newly professionally redesigned 5-piece ensuite. Three additional generously sized bedrooms, each with large closets, are complemented by a newly professionally renovated main bathroom. The finished basement significantly expands the home's living space and features higher ceilings, an oversized recreation room with large windows, gas fireplace, wet bar, cold cellar and dedicated workroom, along with extensive storage. An additional bedroom with two closets and an adjoining 3-piece bathroom provides excellent flexibility for guests or extended family. The separate walk-out leads directly to the backyard, creating exceptional versatility for multi-generational living, recreation and entertaining.

Mortgage Calculator

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Estimated Payment

$8,846.67/mo

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5-yr fixed avg.

Principal: $1,599,999Interest: $1,054,002
Mortgage Amount$1,599,999
Total Interest$1,054,002
Est. Property Tax$1,417/mo
Total Cost$2,654,001

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: Erindale

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

Erindale Secondary SchoolPublic High School
University of Toronto MississaugaUniversity
Credit Woodlands Secondary SchoolPublic High School
Erindale Public SchoolPublic Elementary

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.

48
Walk Score
$650K - $1.3M
Price Range

2547 Morrison Avenue, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,200/mo
Range: $3,570 - $4,830
Cap Rate (ROI)
1.4%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,200
Maintenance Fees-$0
Property Tax (est.)-$1,417
Insurance (est.)-$417
Net Cash Flow+$2,366

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 $667/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 3,000 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 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.

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    2547 Morrison Avenue, Mississauga | $1,999,999 | Battaglia Team