885 Forestwood Drive, Mississauga, ON

$999,999
MLS#:W12233531
3 beds
2 baths
700-1100 sqft
4.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 25, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Bungalow-Raised detached located in the coveted neighborhood of Erindale. Expertly crafted featuring premium aluminum siding and brick construction, this residence presents an exceptional opportunity offered at $999,999 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 700-1100 sqft on a premium 50.26 x 120.62 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 built-in configuration
  • Notable attributes: Carpet Free, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

LOCATION, LOCATION, LOCATION!! This beautiful 3 bed 2 bath raised bungalow located in central Mississauga has a kitchen that opens up to a large solarium that gets filled with lots of natural light. It flows into a huge dining/living room with stunning hardwood floors. Just imagine all the family gatherings and new traditions you will celebrate. All three bedrooms are generous in size, each with laminate flooring, large closet space and large windows. A spacious 4 piece bathroom on the main floor and a 2 piece bathroom with a separate shower in the basement. A finished basement with a wood burning fireplace provides for a cozy space on those nights when you want to snuggle up with a book or watch tv by the fire. A large laundry room with lots of storage. For convenience the basement can be accessed through the double car garage, great feature during inclement weather. The large garage has a solid work bench and plenty of storage. The fully fenced and landscaped private yard is complemented with a partially covered 10 X 12 deck that overlooks a 12 X 10 patio, perfect for entertaining. The private backyard provides the perfect escape from a busy day. Enjoy a morning coffee/glass of wine in a peaceful setting. Close to public transit/QEW/hwy 403/mechanic shops/restaurants/Freshco/ Superstore/Winners/fitness gym/Home Depot/Canadian Tire/banks/Shoppers Drugmart/LCBO/parks/hospital/library/Huron Park Community Centre (ice rink/soccer fields/pool/bball/fitness studio/boxing studio/vball/badminton)/3 min walk to McBride Public elementary school & the coveted Woodlands high school(has gifted program/Health and Wellness/Transportation SHSM programs) and a 6 min walk to St John XXIII elementary school(has a PLASP program). The ideal LOCATION!! A definite must see!! Welcome home!!

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Property Summary

This detached home located at 885 Forestwood Drive, Mississauga is currently for sale and has been available on SousaSells for 394 days. This property is listed at $999,999 with an estimated mortgage of $3,329* per month. It has 3 beds, 2 bathrooms, and is 700-1100 square feet. 885 Forestwood Drive, Mississauga is in the Erindale neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
700-1100 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 25, 2025
Sold price information is available to members only
Listed Date6/19/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungalow-Raised
ConstructionAluminum Siding, Brick
BasementFinished
Lot Size50.26 × 120.62 Feet
CountyPeel
Annual Tax$5,329.64
Legal DescriptionPL 898 LT122

Parking & Garage

Parking Total4.0
Parking Space2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Hospital, Park, Public Transit, Rec./Commun.Centre, School

Interior Features

Carpet Free, Primary Bedroom - Main Floor

Security Features

Alarm System, Carbon Monoxide Detectors, Smoke Detector

Community Features

Location

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885 Forestwood Drive, 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 885 Forestwood Drive, Mississauga, ON L5C 1G6

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.

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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$300,000 (30.0%)
* Minimum Canadian down payment required for this price is $75,000.
Amortization Period30 Years
Estimated Monthly Payment$3,329Based on a loan of $699,999 over 30 years.
Purchase Price$999,999
Loan Amount$699,999
Provincial Land Transfer Tax:$16,475
Total Estimated Closing Taxes:$16,475

About Purchasing a Home in Mississauga, ON

For a property listed at $999,999 in Mississauga, the legal minimum down payment is $75,000 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 $16,475 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 $16,475.

Similar Listings Nearby

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.