5859 Riverside Place, Mississauga

Price: $1,999,000

8 bedrooms, 5 bathrooms

3,500 - 3,999 sqft

Property Type: Detached

MLS#: W13562228

Properties like this are almost never for sale. They are treasured, and passed from one generation to the next. Set on a rare, deep ravine lot backing directly onto the Credit River in coveted East Credit, a short stroll from Streetsville Village's cafes, boutiques and GO station, this estate holds a position no builder can recreate. Here, your neighbours are a river and ten thousand trees, and they never let you down. Inside, the home's defining luxury reveals itself: minus fifteen in January out there, twenty-nine degrees in here, every morning. A full-sized indoor pool and sauna form a private wellness resort under your own roof; a swim before sunrise, steam after a long week. The living room soars to a cathedral ceiling framed by a striking wall-to-wall mural, a skylight above the staircase pours light through the heart of the home, and an aquarium brings the calm of moving water indoors. The chef's kitchen with built-in refrigerator, built-in oven, 5-burner gas cooktop and centre island opens to a sunlit breakfast area overlooking the ravine canopy. A dedicated office makes working from home a privilege, and a full bathroom on the main floor makes multigenerational living effortless, with comfort and independence for every generation under one roof. This is a house built to gather: an oversized patio flows beneath a grand pergola draped in living grape vines, and a built-in projection screen turns summer nights into open-air cinema. Birthdays, festivals, milestones. Hosting guests feels intimate here, with no audience but the river. Upstairs, the primary retreat opens to a private balcony suspended over the ravine. Below, a temperature-controlled wine cellar awaits the collector; every gathering begins with choosing the bottle. You never photograph the things you think you'll have forever; here, forever is on offer. Total privacy. Year-round resort. Irreplaceable land, for this generation and the next. The search ends at 5859 Riverside Place.

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$1,999,000 - 5859 Riverside Place, Mississauga

Detached for Sale in Mississauga

Popular Listing

Neighbourhood: East Credit

8Beds
5Baths
3,500 - 3,999Sq Ft
Detached
Property Details
MLS Number
W13562228
Property Type
Detached
Status
active
Days on Site
12
Bedrooms
8
Bathrooms
5
Square Feet
3,500 - 3,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
RE/MAX OPTIMUM REALTY
Description

Properties like this are almost never for sale. They are treasured, and passed from one generation to the next. Set on a rare, deep ravine lot backing directly onto the Credit River in coveted East Credit, a short stroll from Streetsville Village's cafes, boutiques and GO station, this estate holds a position no builder can recreate. Here, your neighbours are a river and ten thousand trees, and they never let you down. Inside, the home's defining luxury reveals itself: minus fifteen in January out there, twenty-nine degrees in here, every morning. A full-sized indoor pool and sauna form a private wellness resort under your own roof; a swim before sunrise, steam after a long week. The living room soars to a cathedral ceiling framed by a striking wall-to-wall mural, a skylight above the staircase pours light through the heart of the home, and an aquarium brings the calm of moving water indoors. The chef's kitchen with built-in refrigerator, built-in oven, 5-burner gas cooktop and centre island opens to a sunlit breakfast area overlooking the ravine canopy. A dedicated office makes working from home a privilege, and a full bathroom on the main floor makes multigenerational living effortless, with comfort and independence for every generation under one roof. This is a house built to gather: an oversized patio flows beneath a grand pergola draped in living grape vines, and a built-in projection screen turns summer nights into open-air cinema. Birthdays, festivals, milestones. Hosting guests feels intimate here, with no audience but the river. Upstairs, the primary retreat opens to a private balcony suspended over the ravine. Below, a temperature-controlled wine cellar awaits the collector; every gathering begins with choosing the bottle. You never photograph the things you think you'll have forever; here, forever is on offer. Total privacy. Year-round resort. Irreplaceable land, for this generation and the next. The search ends at 5859 Riverside Place.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,842.25/mo

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5-yr fixed avg.

Principal: $1,599,200Interest: $1,053,475
Mortgage Amount$1,599,200
Total Interest$1,053,475
Est. Property Tax$1,416/mo
Total Cost$2,652,675

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: East Credit

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

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

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.

70
Walk Score
Varies
Price Range

5859 Riverside Place, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$5,650/mo
Range: $4,803 - $6,497
Cap Rate (ROI)
2.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$5,650
Maintenance Fees-$0
Property Tax (est.)-$1,416
Insurance (est.)-$416
Net Cash Flow+$3,818

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 $571/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.

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 8 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 5 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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    5859 Riverside Place, Mississauga | $1,999,000 | Battaglia Team