$1,499,000 - 5515 Durie Road, Mississauga
Detached for Sale in Mississauga
Neighbourhood: East Credit
- MLS Number
- W13653318
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 13,447 sqft
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to 5515 Durie Road, a spacious detached 2-storey home situated on an impressive 124.74 x 107.8 ft lot in the highly desirable East Credit community of Mississauga. Offering approximately 3,234 sq. ft. above grade, this home features 4+2 bedrooms, 5 bathrooms, a finished walk-up basement and excellent in-law or extended-family potential. The main floor offers a generous living room, dining room, family room with fireplace, kitchen, breakfast area, office, mudroom and convenient 2-piece powder room. The upper level features a spacious primary bedroom and three additional bedrooms, including one with a 5-piece ensuite. The finished basement includes two additional bedrooms, recreation space, a 5-piece bathroom and laundry. Recent upgrades include a **lifetime roof and brand-new windows**. **Second dwelling permit is in hand, offering an exceptional opportunity to create one of the largest garden suites, subject to applicable approvals. Extended driveway with permit provides ample parking for multiple vehicles.** Enjoy an attached double garage, central air conditioning and a premium-sized lot. Ideally located near schools, parks, shopping, transit and major amenities. A rare opportunity offering exceptional space, future development potential and tremendous value in East Credit. The property is being sold in "as-is, where-is" condition. Existing carpet has been removed, allowing the new owner the flexibility to choose and install flooring to their own taste.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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 East Credit
East Credit 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 East Credit
- •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
East Credit 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.
5515 Durie Road, 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 $500/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.
Market Position
At 16 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.
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 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.