Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of East Credit. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,999,000 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.
Distinguished ravine residence backing onto the Credit River in the exclusive Credit Pointe enclave. Situated on a deep, professionally landscaped lot with mature trees and prized southern exposure, this exceptional home offers remarkable privacy and panoramic views of the river valley. Boasting over 4,700 sq ft of beautifully finished living space on three levels, the home features a dramatic foyer with soaring ceilings and an elegant staircase. Hardwood floors, extensive crown moulding, and 9-ft ceilings enhance the refined main level. The custom chef-inspired kitchen showcases a generous centre island, granite countertops, premium built-in appliances, and a sun-filled breakfast area overlooking the ravine, seamlessly flowing into the inviting family room with fireplace. Walk out to the elevated wraparound deck and enjoy breathtaking southwest sunsets in a tranquil natural setting. A sophisticated main floor office with custom built-ins adds both function and style. Upstairs, four spacious bedrooms include a luxurious primary retreat with sitting area, walk-in closet, and spa-like 5-pc ensuite. The finished lower level features a fully self-contained basement apartment with a separate entrance, full kitchen, two bedrooms, and a full bath - an outstanding opportunity for rental income or multi-generational living. Lofted garage ceiling for added storage. Located on a quiet, family-friendly street close to top-rated schools, parks, Culham Trail, Credit Valley Hospital, Erin Mills Town Centre, Hwy 403 and GO Transit. A rare and refined ravine offering.
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Ravine
In-Law Capability
Alarm System, Monitored
No historical data available for this property.
This could be the first listing for this address.
Data-driven valuation for 1777 Covington Terrace, Mississauga, ON L5M 3M5
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mississauga.
About Purchasing a Home in Mississauga, ON
For a property listed at $1,999,000 in Mississauga, the legal minimum down payment is $399,800 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 $36,455 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 $36,455.
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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.