5591 Loonlake Avenue, Mississauga, ON
Property Highlights
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 $1,399,900 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.
- 6 Bedrooms and 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 3000-3500 sqft on a premium 40.03 x 114.34 ft lot
- Features a apartment 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: In-Law Capability
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this spacious and beautifully maintained detached home offering approximately 3,140 sq. ft. of living space in the highly desirable East Credit community. Perfectly located within walking distance to St. Joseph Catholic Secondary School, this home is ideal for growing families seeking both comfort and convenience.Featuring 4 generously sized bedrooms plus an exceptionally large great room, main floor private office ,this home offers the perfect layout for everyday living and entertaining. The main entrance impresses with elegant stone steps and a double-door entry with stylish glass inserts, creating a grand first impression.Enjoy a bright and functional interior along with a generous front and backyard, complete with a private deck-perfect for summer gatherings. The property also includes a fully finished 2-bedroom basement apartment with a separate entrance, offering excellent potential for rental income or extended family living.Recent updates include roof (2014) and vinyl windows (2018), providing added peace of mind. Conveniently located close to parks, shopping, public transit, and golf courses, this home truly combines space, style, and location.A fantastic opportunity not to be missed!
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Pricing & Value Insights
Data-driven valuation for 5591 Loonlake Avenue, Mississauga, ON L5V 2E2
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About Purchasing a Home in Mississauga, ON
For a property listed at $1,399,900 in Mississauga, the legal minimum down payment is $279,980 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 $24,473 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 $24,473.
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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.