5350 Vail Court, Mississauga, ON

$2,575,000
MLS#:W8408444
7 beds
5 baths
3500-5000 sqft
9.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 6, 2024. This listing is for reference purposes only. to view the sold price.

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 $2,575,000 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.

  • 7 Bedrooms and 5 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 60.04 x 126.05 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: Storage, Guest Accommodations
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Nestled in the coveted Central Erin Mills community, this immaculate family home offers a harmonious blend of spaciousness, elegance, and functionality. The interior spans over 5,000 square feet total and showcases an open to above grande foyer with a mixture of tile and gleaming hardwood floors, pot lights, and a functional main floor layout seamlessly combining all the primary living areas. A well appointed office provides a quiet sanctuary for remote work or study, while the living and dining areas offer the perfect setting for gathering family and friends. The heart of this home lies in its gourmet kitchen designed with a centre island, quartz countertops, stainless steel appliances, and ample cabinetry space. Adjacent to the kitchen, is a sunlit breakfast area with direct access to the well manicured garden with lush greenery, making it the ideal spot to enjoy a morning coffee or casual meals with loved ones. Ascend to the upper level to find 5 luxurious bedrooms each appointed with jack and jill ensuites and spacious closets. The Owners suite is grande in size and boasts a walk-in closet and a spa-like ensuite complete with double vanities, a soaking tub, and a freestanding shower. The allure of this residence continues to the basement where you are met with a large rec area elevated with a wet bar, electric fireplace, a nanny or guest suite, a gym, and ample storage areas! For car enthusiasts or large families, this property features a 3 car garage and a 6 car driveway, ensuring ample parking for both residents and guests. Beyond its impressive amenities, this exceptional home is situated in one of Mississauga's most desirable neighbourhoods, offering easy access to top rated schools, including Joh Fraser S.S., Erin Mills Town Centre, restaurants, parks, highways and more!

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Property Summary

This detached home located at 5350 Vail Court, Mississauga is currently for sale and has been available on SousaSells for 773 days. This property is listed at $2,575,000 with an estimated mortgage of $8,571* per month. It has 7 beds, 5 bathrooms, and is 3500-5000 square feet. 5350 Vail Court, Mississauga is in the Central Erin Mills neighborhood.

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

Key Features

Bedrooms
7
Bathrooms
5
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJuly 3, 2024
Sold price information is available to members only
Listed Date6/5/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished, Full
Lot Size60.04 × 126.05 Feet
CountyPeel
Annual Tax$11,045.68
Legal DescriptionLOT 19, PLAN 43M1294 ; S/T RIGHTS IN FAVOUR OF MISSISSAUGA HYDRO-ELECTRIC COMMISSION OVER LT 19, PL 43M1294 AS IN LT1087837 & LT1413449 ; MISSISSAUGA S/T RIGHT IN FAVOUR OF THE ERIN MILLS DEVELOPMENT CORPORATION UNTIL THE LATER OF FIVE (5) YRS. FROM 98 11 12 OR UNTIL THE SAID PLAN NUMBER 43M1294 HAS BEEN ASSUMED BY THE CORPORATION OF THE CITY OF MISSISSAUGA AS I LT1885488 ; S/T RIGHT IN FAVOUR OF ONEEA DEVELOPMENTS INC. UNTIL THE LATER OF 5 YEARS FROM 1999/08/26 OR PL 43M1294

Parking & Garage

Parking Total9.0
Parking Space6
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Wooded/Treed, Park, Public Transit

Interior Features

Storage, Guest Accommodations

Security Features

Carbon Monoxide Detectors

Community Features

Location

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5350 Vail Court, 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 5350 Vail Court, Mississauga, ON L5M 6G9

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$772,500 (30.0%)
* Minimum Canadian down payment required for this price is $515,000.
Amortization Period30 Years
Estimated Monthly Payment$8,571Based on a loan of $1,802,500 over 30 years.
Purchase Price$2,575,000
Loan Amount$1,802,500
Provincial Land Transfer Tax:$50,850
Total Estimated Closing Taxes:$50,850

About Purchasing a Home in Mississauga, ON

For a property listed at $2,575,000 in Mississauga, the legal minimum down payment is $515,000 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 $50,850 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 $50,850.

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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$1,015,129

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
St Herbert
Public5180 Fallingbrook Drive, Mississauga, Ontario, L5V 2C6
6.3

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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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.