7 days on Market

5198 Forest Ridge Dr, Mississauga, Ontario L5M 5B3

Detached
4
6
~3500-5000 sqft
$2,999,900
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Detached
4
6
~3500-5000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$728/sqft

Est. Mortgage$12,883/mo

Tax Amount (2024)$14,417/yr

Days On Market7 days


Description

*Ravine Lot* Discover this magnificent custom designed home nestled in the sought-after Credit Mills area. Spanning an impressive 4,700+ square feet, with an additional finished basement, this residence seamlessly blends grand space with comfort, all while backing onto a serene forest, enhancing its value and tranquility. Upon entering, you are greeted by an expansive layout featuring high ceilings, 4 spacious bedrooms and 4 full bathrooms complemented by 2 additional 2-piece bathrooms, including one conveniently located in the cabana by the pool. Cozy up near one of the 4 gas fireplaces throughout the home, each adding warmth and ambiance. Step outside to your own paradise, where a spectacular saltwater Solda swimming pool awaits, complete with a stunning waterfall, safety cover, and a Polaris pool cleaner. Enjoy year-round relaxation in the hot tub or unwind in the stylish cabana, which features its own 2-piece washroom and changing room. The professionally landscaped gardens, adorned with wisteria and illuminated by garden lights, create a picturesque setting for outdoor gatherings. The backyard is fully fenced for privacy and backs onto the scenic Erin Woods Park, offering walking trails and natural beauty right at your doorstep. Inside, the custom-designed kitchen features granite countertops, maple cabinets that extend to the ceiling, self-closing drawers, high-end built-in Miele dishwasher and a built in recycling bin. Oak floors flow throughout the main and upper levels (excluding the billiard room), showcasing exquisite design details such as crown moldings and smooth ceilings. The home also features a second staircase leading to the potential main floor primary bedroom (current billiard room and library) which includes a 3-piece ensuite bathroom, providing the flexibility for potential rental income or an in-law suite.


Property Details

Style2-Storey
View-
Age of property-
SqFt~3500-5000 SqFt
Lot Size9,782 SqFt(154.17 x 63.45)
Parking Spaces9
MLS ®NumberW11925243
Community NameUpper Erin Mills
Data SourceTRREB
Listing bySAM MCDADI REAL ESTATE INC.

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Full

2nd Floor

2nd Br

6.56 x 3.20

Hardwood Floor / W/I Closet / 3 Pc Ensuite

3rd Br

3.81 x 4.91

Hardwood Floor / Closet / 5 Pc Ensuite

4th Br

3.80 x 3.63

Hardwood Floor / Closet / 5 Pc Ensuite

Prim Bdrm

5.46 x 4.12

Hardwood Floor / W/I Closet / 6 Pc Ensuite


Features

Lot size: 9,782 SqFt
Pool: Inground

Parking

Garage spaces 3

Garage type Built-In

Other parking spaces 6

Total parking spaces 9


Property History

Jan 15, 2025
ListedActive
$2,999,900
7 days on market
history photo preview40
Listing by trreb®
Property listed by SAM MCDADI REAL ESTATE INC., Brokerage

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Market Data - Upper Erin Mills

Geo Zone Map ThumbnailUpper Erin Mills

Strong Buyer's Market

Detached house - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

21 days

Compared to

2024

32 days

2023

8 days

2022

14 days

New Listings

Past 30 days

20 listings

Compared to

2024

8 listings

2023

6 listings

2022

1 listing

Units sold

Past 30 days

1 unit

Compared to

2024

8 units

2023

1 unit

2022

7 units

Median Sold Price

Past 30 days

$1,460,000

Compared to

2024

$1,377,000

2023

$1,450,000

2022

$1,920,000


Population and Demographics

Overview

Total population 37564
Average household income $143,613

Age (%)

0 to 19
23%
50 to 64
22%
20 to 34
20%
35 to 49
19%
65 and plus
16%

Household composition (%)

Single family
78%
Single person
19%
Multi person
2%
Multi family
1%

Mother tongue (%)

English
48%
Mandarin
11%
Arabic
9%
Urdu
8%
Yue (Cantonese)
5%
Others
4%
Hindi
2%
Portuguese
1%
Punjabi (Panjabi)
1%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Owners
73%
Renters
27%

Schools and amenities

Estimated Budget