5588 Highbank Road, Mississauga

Price: $1,049,000

4 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Semi-Detached

MLS#: W13595296

Location! Location! Stunning Semi-Detached Home In Desirable Central Erin Mills Area. Spacious 3 Bedroom with Functional Layout, Finished Basement and Separate Entrance, Upgraded Family Size Kitchen Overlooking Dining and Living Rooms. New Laminate flooring, New Painting, Newer Window (2024), Newer Furnace and AC, No Side Walk, Can Park Up To 4 Cars On Large Driveway, Walking Distance To Streetsville Go Station. Close To All Grocery Stores, Shopping Mall, Park, Public Transport & Top Ranked Vista Heights Elementary School.

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$1,049,000 - 5588 Highbank Road, Mississauga

Semi-Detached for Sale in Mississauga

32 days on market

Neighbourhood: Central Erin Mills

4Beds
4Baths
1,500 - 1,999Sq Ft
Semi-Detached
Property Details
MLS Number
W13595296
Property Type
Semi-Detached
Status
active
Days on Site
32
Bedrooms
4
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
EVERLAND REALTY INC.
Description

Location! Location! Stunning Semi-Detached Home In Desirable Central Erin Mills Area. Spacious 3 Bedroom with Functional Layout, Finished Basement and Separate Entrance, Upgraded Family Size Kitchen Overlooking Dining and Living Rooms. New Laminate flooring, New Painting, Newer Window (2024), Newer Furnace and AC, No Side Walk, Can Park Up To 4 Cars On Large Driveway, Walking Distance To Streetsville Go Station. Close To All Grocery Stores, Shopping Mall, Park, Public Transport & Top Ranked Vista Heights Elementary School.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,640.08/mo

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5-yr fixed avg.

Principal: $839,200Interest: $552,824
Mortgage Amount$839,200
Total Interest$552,824
Est. Property Tax$743/mo
Total Cost$1,392,024

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: Central Erin Mills

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

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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.

70
Walk Score
Varies
Price Range

5588 Highbank Road, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,200/mo
Range: $2,720 - $3,680
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,200
Maintenance Fees-$0
Property Tax (est.)-$743
Insurance (est.)-$219
Net Cash Flow+$2,238

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 $699/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 32 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.

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.

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.

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    5588 Highbank Road, Mississauga | $1,049,000 | Battaglia Team