1242 Forestwood Drive, Mississauga, ON
Property no longer active
This property was sold on December 16, 2025. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Erindale. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $1,288,000 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 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 63 x 122 ft lot
- Features a apartment, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this beautifully updated detached backsplit offering a spacious and versatile interior designed for modern family living. Enjoy separate living and family rooms, four generously sized bedrooms, and excellent storage throughout. The custom chef's kitchen features quartz countertops, a double sink, and abundant natural light, enhanced by top-grade engineered hardwood flooring across the main areas. The self-contained lower level includes its own kitchen and washroom, providing an ideal in-law suite or attractive future rental income opportunity. Set on a premium 63' x 122' lot, the property boasts an entertainer's backyard complete with an in-ground pool, large gazebo perfect for summer evenings, and ample outdoor storage. Located in prime Erindale just steps to schools, parks, and Westdale Mall, with quick access to UTM, Erindale Park, transit, QEW and major routes. A thoughtfully renovated home offering comfort, flexibility, and exceptional value in a highly sought-after neighbourhood.
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Property Summary
This detached home located at 1242 Forestwood Drive, Mississauga is currently for sale and has been available on SousaSells for 251 days. This property is listed at $1,288,000 with an estimated mortgage of $4,287* per month. It has 5 beds, 4 bathrooms, and is 1500-2000 square feet. 1242 Forestwood Drive, Mississauga is in the Erindale neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 1242 Forestwood Drive, Mississauga, ON L5C 1J1
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Mississauga, ON
For a property listed at $1,288,000 in Mississauga, the legal minimum down payment is $257,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $22,235 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $22,235.
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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.