$2,590,000 - 3278 Credit Heights Drive, Mississauga
Detached for Sale in Mississauga
33 days on marketNeighbourhood: Erindale
- MLS Number
- W13221660
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 16,553 sqft
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Grandly renovated 4-bedroom detached home with walkout basement on a rare 75' x 229' ravine lot in Mississauga's prestigious Credit Woodlands, featuring a saltwater pool, pond, and gazebo backing directly onto the Credit River. This luxury family home is within walking distance to 222-acre Erindale Park and the scenic Culham Trail, minutes from Mississauga Golf and Country Club, and offers quick access to major highways and GO Transit for easy commuting to Toronto and Hamilton. A mature, tree-lined street leads to a deep double driveway accommodating 8 cars plus a 2-car garage. An interlocking stone walkway and covered front veranda overlook perennial gardens with sprinkler system. The backyard is a private oasis with a massive deck, covered terrace, terraced gardens, custom saltwater pool with waterfall, serene pond with sheer descent waterfall, private gazebo, and expansive green space framed by ravine views. Recent upgrades include freshly painted interior, deck and gazebo, new furnace, air conditioner, pool heater and cover, some updated main floor windows and new backyard fencing (2025), plus a newer roof. Inside, hardwood flooring, crown mouldings, pot lighting, upgraded trims, two fireplaces, and three walkouts enhance sophistication. The skylit oak staircase opens to elegant living and dining rooms, a family room with fireplace, and a chef's kitchen with custom cabinetry, stone counters, stainless steel appliances, large island, and oversized breakfast room with walkout to deck. Upstairs, a sitting room, 2 bathrooms, and 4 spacious bedrooms are available, including a refined primary suite with a spa-like 5-piece ensuite featuring a claw-foot tub and a glass shower. The finished walkout lower level includes a recreation room with fireplace, coffered ceiling and built-ins, media/entertainment area, modern 3-piece bath, and 2 walkouts to the terrace overlooking the Credit River ravine.
Estimate your monthly payments for this property
Estimated Payment
$11,456.44/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.
3278 Credit Heights 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 $863/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.
Market Position
At 33 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.
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.