559 Canyon Street, Mississauga, ON

$2,798,900
MLS#:W12029381
4 beds
4 baths
3500-5000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Lorne Park. Expertly crafted featuring premium stucco (plaster) and stone construction, this residence presents an exceptional opportunity offered at $2,798,900 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 4 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 74.05 x 125 ft lot
  • Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Central Vacuum, Water Heater
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this beautiful, move-in-ready home, located in the highly coveted and family-friendly Lorne Park/Watercolours community. The picturesque curb appeal leads to a warm and inviting foyer that flows to a spacious open-concept kitchen with stone countertops, and stainless steel appliances. Enjoy warm summer evenings in the professionally landscaped backyard oasis featuring a sparkling salt water pool surrounded by mature trees or, relax in the open concept family room around the cozy gas fireplace an entertainers delight. For more formal gatherings, the spacious combined living and dining rooms are the perfect setting with soaring cathedral ceilings and a convenient servery for easy entertaining. Upstairs, the primary bedroom is a private retreat, with a walk-in closet and a spacious 5-piece ensuite. The second bedroom offers its own 4-piece ensuite--ideal for guests or multigenerational living. Two additional spacious bedrooms on this level share a large main bathroom, offering ample space and privacy for the entire family. This home features 9 foot smooth ceilings throughout and over 4000 sq ft of living space, with an additional 1900+ sq ft in the unspoiled basement that can be customized to suit your needs. Located in an excellent school district and walking distance to scenic trails and Port Credits vibrant shops and restaurants, this home offers the perfect mix of comfort and luxury. Dont miss out on this exceptional property!

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Property Summary

This detached home located at 559 Canyon Street, Mississauga is currently for sale and has been available on SousaSells for 484 days. This property is listed at $2,798,900 with an estimated mortgage of $9,317* per month. It has 4 beds, 4 bathrooms, and is 3500-5000 square feet. 559 Canyon Street, Mississauga is in the Lorne Park neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 16, 2025
Sold price information is available to members only
Listed Date3/19/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStucco (Plaster), Stone
BasementFull
Lot Size74.05 × 125 Feet
CountyPeel
Annual Tax$15,610.24
Legal DescriptionLOT 126, PLAN 43M1468 ; T/W DRAINAGE EASE OVER PTS 10 TO 15, 43R25189 AS IN RO1049436(PARTIALLY RELEASED BY PR47104) ; S/T A RIGHT TO ENTER IN FAVOUR OF LORNE PARK GP LIMITED PRIOR TO THE EARLIER OF 10 YEARS FROM 2003/03/28 OR THE DATE OF COMPLETE ASSUMPTION OF THE SUBDIVISION BY THE CORPORATION OF THE CITY OF MISSISSAUGA AND THE REGIONAL UNICIPALITY OF PEEL AS IN PR412698. CITY OF MISSISSAUGA

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Golf, Greenbelt/Conservation, Lake/Pond, School, Wooded/Treed

Interior Features

Auto Garage Door Remote, Central Vacuum, Water Heater

Security Features

Alarm System

Community Features

Location

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559 Canyon Street, 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 559 Canyon Street, Mississauga, ON L5H 4L8

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$839,670 (30.0%)
* Minimum Canadian down payment required for this price is $559,780.
Amortization Period30 Years
Estimated Monthly Payment$9,317Based on a loan of $1,959,230 over 30 years.
Purchase Price$2,798,900
Loan Amount$1,959,230
Provincial Land Transfer Tax:$56,448
Total Estimated Closing Taxes:$56,448

About Purchasing a Home in Mississauga, ON

For a property listed at $2,798,900 in Mississauga, the legal minimum down payment is $559,780 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 $56,448 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 $56,448.

Similar Listings Nearby

City & Neighborhood Guide

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

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$2,780,951

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

Tecumseh
Public1480 Chriseden Drive, Lorne Park, Mississauga, Ontario, L5H 1V4
6.8
St Luke
Public1280 Cobalt Street, Lorne Park, Mississauga, Ontario, L5H 4L8
7.4
St Christopher
Public1195 Clarkson Road North, Clarkson, Mississauga, Ontario, L5J 2W1
7.4
St Jerome
Public790 Paisley Boulevard West, Cooksville, Mississauga, Ontario, L5C 3P5
5.6
Hawthorn
Public2473 Rosemary Drive, Erindale, Mississauga, Ontario, L5C 1X1
7.1

Secondary Schools

Lorne Park SS
PublicLorne Park, Mississauga, Ontario
7.6
St. Martin
Catholic2470 Rosemary Drive, Erindale, Mississauga, Ontario, L5C 1X2
4.9
Erindale SS
PublicErindale, Mississauga, Ontario
6.2
Clarkson SS
PublicClarkson, Mississauga, Ontario
4.6
ISNA High School
Public2200 South Sheridan Way, Clarkson, Mississauga, Ontario, L5J 4J8
8.9

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.