$2,850,850 - 5240 Elmridge Drive, Mississauga
Detached for Sale in Mississauga
New — Listed 3 days agoNeighbourhood: Central Erin Mills
- MLS Number
- W13680412
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 5
- Bathrooms
- 6
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 10,861 sqft
- Listing Brokerage
- INTERNATIONAL REALTY FIRM, INC.
Absolutely stunning executive estate in prestigious Credit Mills, set on a premium 73.5' x 168' lot with over 6,000 sq.ft of finished living space and more than $300,000 in high-quality 2017 renovations. Designed for luxurious family living and elegant entertaining, this home showcases timeless craftsmanship, refined finishes, and thoughtful custom details throughout.The chef-inspired kitchen features premium Kitchen-Aid appliances, elegant finishes, and excellent functionality. A dramatic two-storey foyer with motorized crystal chandeliers creates a memorable first impression, while the open ceiling hallway captures beautiful backyard views. A private main-floor office with custom built-in shelves offers an ideal work-from-home space.All four bathrooms have been beautifully renovated with high-end finishes. The luxurious primary suite includes a spa-inspired ensuite and generous walk-in closet, while spacious secondary bedrooms offer convenient Jack-and-Jill access. Custom storage throughout the upper level and basement adds everyday practicality.The professionally finished basement is perfect for entertaining, with gas and electric fireplaces, an elegant wet bar, abundant storage, and versatile living areas. Outside, a resort-style backyard oasis features professional landscaping, extensive interlocking over a concrete base, a remote-controlled pergola with integrated lighting and automated privacy curtains, landscape lighting, and Wi-Fi-controlled sprinkler/irrigation.Additional highlights include extensive crown moulding, premium finishes, a 24/7 security system with eight cameras, a multi-zone alarm, parking for up to 12 vehicles, and an oversized three-car garage. Located in the sought-after John Fraser Secondary School catchment, minutes from top schools, Credit Valley Hospital, Erin Mills Town Centre, parks, and major highways, this exceptional residence offers luxury, comfort, and timeless elegance in one of Mississauga's most desirable neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$12,610.27/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 Central Erin Mills
Central Erin Mills 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 Central Erin Mills
- •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
Central Erin Mills 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.
5240 Elmridge 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 $815/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.
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 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 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.