2361 Nikanna Road, Mississauga, ON

$1,350,000
MLS#:W12171924
4 beds
3 baths
2000-2500 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Backsplit 4 detached located in the coveted neighborhood of Erindale. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,350,000 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.

  • 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 50 x 120 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Built-In Oven, Central Vacuum, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

4 Levels back split, Located on very quiet street in high demand area. 3 bedrooms on Upper floor, One bedroom on middle floor, primary bedroom with 4 piece Ensuite. Income Potential, Two Kitchens, Side Entrance, Fenced Backyrd, Huge Living/Dinning rooms, Huge Family room with gas fireplace, Family size Kitchen, Pantry , Built in oven, Counter Range, Walking distance to Huron Park, No Neighbors Backing Onto Your Property, Family room offers walk/out access to a beautiful private treed lot which is backing to the park. Hardwood floors, 3 full bathrooms, Huge recreation room, Cold cellar, Close Top-Rated Schools, Daycares, Parks, Bike Trails, And A Fantastic Community Close to Hospital, Golf club, highways. Survey not available,

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Property Summary

This detached home located at 2361 Nikanna Road, Mississauga is currently for sale and has been available on SousaSells for 419 days. This property is listed at $1,350,000 with an estimated mortgage of $4,494* per month. It has 4 beds, 3 bathrooms, and is 2000-2500 square feet. 2361 Nikanna Road, Mississauga is in the Erindale neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
4
Bathrooms
3
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 25, 2025
Sold price information is available to members only
Listed Date5/23/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBacksplit 4
ConstructionBrick
BasementFinished
Lot Size50 × 120 Feet
CountyPeel
Annual Tax$7,639
Legal DescriptionPCL 29-1 SEC M34; LT 29 PL M34; S/T RIGHT AS IN LT47135

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Fenced Yard, Hospital, School

Interior Features

Built-In Oven, Central Vacuum, Carpet Free, Countertop Range, In-Law Capability, In-Law Suite

Security Features

Community Features

Location

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2361 Nikanna Road, 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 2361 Nikanna Road, Mississauga, ON L5C 2W8

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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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mississauga.

Configure Loan Settings

Interest Rate4.00%
Down Payment$405,000 (30.0%)
* Minimum Canadian down payment required for this price is $270,000.
Amortization Period30 Years
Estimated Monthly Payment$4,494Based on a loan of $945,000 over 30 years.
Purchase Price$1,350,000
Loan Amount$945,000
Provincial Land Transfer Tax:$23,475
Total Estimated Closing Taxes:$23,475

About Purchasing a Home in Mississauga, ON

For a property listed at $1,350,000 in Mississauga, the legal minimum down payment is $270,000 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 $23,475 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 $23,475.

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City & Neighborhood Guide

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

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$1,302,760

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

McBride Avenue
Public974 McBride Avenue, Erindale, Mississauga, Ontario, L5C 1L6
5.0
John XXIII
Public915 McBride Avenue, Erindale, Mississauga, Ontario, L5C 1M1
8.0
Hawthorn
Public2473 Rosemary Drive, Erindale, Mississauga, Ontario, L5C 1X1
7.1
Springfield
Public3251 The Credit Woodlands, Erindale, Mississauga, Ontario, L5C 2J7
6.5
St Gerard
Public1300 McBride Avenue, Erindale, Mississauga, Ontario, L5C 1M8
6.1

Secondary Schools

Erindale SS
PublicErindale, Mississauga, Ontario
6.2
The Woodlands School
Public3225 Erindale Station Road, Erindale, Mississauga, Ontario, L5C 1Y5
8.3
St. Martin
Catholic2470 Rosemary Drive, Erindale, Mississauga, Ontario, L5C 1X2
4.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

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.