$3,188,000 - 3047 Grenville Drive, Mississauga
Multi-Family for Sale in Mississauga
62 days on marketNeighbourhood: Cooksville
- MLS Number
- W13087630
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 62
- Bedrooms
- 6
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Welcome to 3047 Grenville, a thoughtfully designed modern residence offering over 6,000 SF of total living space. Here, long-term value and flexibility take precedence. Configured as three fully self-contained two bedroom suites, this property presents an exceptional opportunity for multi-generational living, owner-occupied income, or a turnkey investment. Spanning multiple levels, each level features a private two bedroom suite designed for both comfort and privacy. On the main level, both bedrooms offer their own ensuite baths and walk-in closets, along with a convenient powder room for guests. The open-concept living and dining area is anchored by a gas fireplace and flows into a bright kitchen with quartz countertops, stainless steel appliances, and a walk-in pantry. A covered patio extends the living space outdoors, while a laundry room connects directly to the double-car garage. The upper level mirrors this layout with two generously sized bedrooms, each with a private ensuite and walk-in closet. The kitchen opens to a large living and dining area with access to a covered balcony, complemented by a powder room. The fully finished lower level offers additional flexibility with its own kitchen, two bedrooms, a full bath, and a large recreation space suited for extended family or supplementary income. Wide-plank engineered hickory flooring runs throughout the main and upper levels. The main floor and basement share a connected furnace and AC system, while the upper level has its own separate furnace and AC. With multiple self-contained living areas, separate entrances, and distinct outdoor spaces, this is a rare offering. Just minutes to Lake Ontario, scenic waterfront trails, and nearby green spaces such as Jack Darling Memorial Park and Rattray Marsh. Enjoy a short commute to major shopping centres including Square One and Sherway Gardens, as well as top-rated schools, hospitals, and major highways including the QEW, 403, and 427.
Estimate your monthly payments for this property
Estimated Payment
$14,101.60/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.
Downtown Mississauga Living
Cooksville is Mississauga's original downtown, centered around the intersection of Hurontario and Dundas. Today, the neighbourhood is experiencing significant intensification with new high-rise developments joining established residential areas. Cooksville offers excellent transit connectivity and is positioned to benefit from the Hurontario LRT.
Why Live in Cooksville
- •Central downtown Mississauga location
- •Future Hurontario LRT stop
- •Diverse dining and shopping options
- •Excellent transit connections
- •Mix of high-rise and low-rise housing
Nearby Schools
Transit & Commuting
- •Cooksville GO Station
- •Future Hurontario LRT
- •Major MiWay hub
- •Easy access to Highway 403 and QEW
Parks & Amenities
- •Cooksville Creek Trail
- •Mississauga Central Library
- •Celebration Square (nearby)
- •Diverse restaurants and shops
- •Community health services
Lifestyle & Community
Cooksville offers urban convenience with multicultural vibrancy. The neighbourhood is ideal for those who prioritize transit access and diverse amenities.
3047 Grenville 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 $911/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.
Negotiation Opportunity
At 62 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 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 7 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.