5198 Forest Ridge Drive, Mississauga, ON

$2,425,000
MLS#:W12154455
5 beds
6 baths
3500-5000 sqft
9.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Central Erin Mills. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,425,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 6 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 63.45 x 154.17 ft lot
  • Features a ["finished", "full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 9.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Auto Garage Door Remote, In-Law Suite, Primary Bedroom - Main Floor
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

*Ravine Lot* in the sought-after Credit Mills area. Spanning an impressive 4,700+ square feet, with an additional finished basement, this residence seamlessly blends grand space with comfort, all while backing onto a serene forest, enhancing its value and tranquility. Upon entering, you are greeted by an expansive layout featuring high ceilings, 4 spacious bedrooms and 4 full bathrooms complemented by 2 additional 2-piece bathrooms, including one conveniently located in the cabana by the pool. Cozy up near one of the 4 gas fireplaces throughout the home, each adding warmth and ambiance. Step outside to your own paradise, where a spectacular saltwater Solda swimming pool awaits, complete with a stunning waterfall, safety cover, and a Polaris pool cleaner. Enjoy year-round relaxation in the hot tub or unwind in the stylish cabana, which features its own 2-piece washroom and changing room. The professionally landscaped gardens, adorned with wisteria and illuminated by garden lights, create a picturesque setting for outdoor gatherings. The backyard is fully fenced for privacy and backs onto the scenic Erin Woods Park, offering walking trails and natural beauty right at your doorstep. Inside, the custom-designed kitchen features granite countertops, maple cabinets that extend to the ceiling, self-closing drawers, high-end built-in Miele dishwasher and a built in recycling bin. Oak floors flow throughout the main and upper levels (excluding the billiard room), showcasing exquisite design details such as crown moldings and smooth ceilings. The home features a second staircase leading to the potential main floor primary bedroom (current billiard room and library) which includes a 3-piece ensuite bathroom, providing the flexibility for potential rental income or an in-law suite. In-ground lawn and garden sprinkler system, operated by a Rachio smart controller, electric car charging outlet in the garage. Water filtration system with reverse osmosis drinking water system.

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Key Features

Bedrooms
5
Bathrooms
6
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 2, 2025
Sold price information is available to members only
Listed Date5/16/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
ConstructionBrick
Lot Size63.45 × 154.17 Feet
CountyPeel
Annual Tax$14,419
Legal DescriptionPCL 24-1, SEC 43M870 ; LT 24, PL 43M870 , T/W PT LT 2, REGISTRAR'S COMPILED PLAN 1003, PT 20, 43R10557 AS IN RO551159; S/T A RIGHT AS IN LT1469486, LT1476697 ; S/T LT1050512 CITY OF MISSISSAUGA

Parking & Garage

Parking Spaces9.0
Garage Spaces6
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Ravine, Greenbelt/Conservation, Electric Car Charger, Fenced Yard, Park, Hospital

Community Features

Location

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5198 Forest Ridge Drive, Mississauga, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 5198 Forest Ridge Drive, Mississauga, ON L5M 5B3

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$1,940,000
Monthly Mortgage$11,272
Property Tax (Est.)$1,202
Utilities & Maint.$350
Total Monthly Cost$12,824

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Mississauga.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Central Erin Mills, Mississauga.

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$982,907

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
24%
Other households
6%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

St Timothy
PublicStreetsville, Mississauga, Ontario, L5M 1X9
8.8
St Rose of Lima
Public4590 The Gallops, Central Erin Mills, Mississauga, Ontario, L5M 3A9
9.7
Divine Mercy
Public2840 Duncairn Drive, Central Erin Mills, Mississauga, Ontario, L5M 5C6
6.6
St Joseph
Public5555 Creditview Road, Streetsville, Mississauga, Ontario, L5V 2B9
6.0
Our Lady of Mercy
Public5820 Glen Erin Drive, Central Erin Mills, Mississauga, Ontario, L5M 5J9
8.3

Secondary Schools

Streetsville SS
PublicStreetsville, Mississauga, Ontario, L5M 1L4
7.9
St. Joseph
Catholic5555 Creditview Road, Streetsville, Mississauga, Ontario, L5V 2B9
8.2
St. Aloysius Gonzaga
Catholic2800 Erin Centre Boulevard, Central Erin Mills, Mississauga, Ontario, L5M 6R5
7.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.