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Listed 2 months ago

3278 Credit Heights Drive

Erindale, Mississauga

$2,590,000

Detached|2-Storey
4 | 4 | 10
About this home

Grandly renovated 4-bedroom detached home with walkout basement on a rare 75' x 229' ravine lot in Mississauga's prestigious Credit Woodlands, featuring a saltwater pool, pond, and gazebo backing directly onto the Credit River. This luxury family home is within walking distance to 222-acre Erindale Park and the scenic Culham Trail, minutes from Mississauga Golf and Country Club, and offers quick access to major highways and GO Transit for easy commuting to Toronto and Hamilton. A mature, tree-lined street leads to a deep double driveway accommodating 8 cars plus a 2-car garage. An interlocking stone walkway and covered front veranda overlook perennial gardens with sprinkler system. The backyard is a private oasis with a massive deck, covered terrace, terraced gardens, custom saltwater pool with waterfall, serene pond with sheer descent waterfall, private gazebo, and expansive green space framed by ravine views. Recent upgrades include freshly painted interior, deck and gazebo, new furnace, air conditioner, pool heater and cover, some updated main floor windows and new backyard fencing (2025), plus a newer roof. Inside, hardwood flooring, crown mouldings, pot lighting, upgraded trims, two fireplaces, and three walkouts enhance sophistication. The skylit oak staircase opens to elegant living and dining rooms, a family room with fireplace, and a chef's kitchen with custom cabinetry, stone counters, stainless steel appliances, large island, and oversized breakfast room with walkout to deck. Upstairs, a sitting room, 2 bathrooms, and 4 spacious bedrooms are available, including a refined primary suite with a spa-like 5-piece ensuite featuring a claw-foot tub and a glass shower. The finished walkout lower level includes a recreation room with fireplace, coffered ceiling and built-ins, media/entertainment area, modern 3-piece bath, and 2 walkouts to the terrace overlooking the Credit River ravine.

Extras

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agent
Jonathan Lee
(647) 983-0770
TypeDetached
Style2-Storey
Approx. Age51-99
Size3000-3500 sq. ft.
Property Tax$17,937
Lot Size75 ft x 229.98 ft
mls© NumberW13221660
Listed ByROYAL LEPAGE REAL ESTATE SERVICES LTD.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$13,257
Property tax
$1,495
Heat allowance
$150
Housing costs
$14,902 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $518,000
25-yr amortization

Income needed

$459,000

gross annual household income

Payment at 4%
$10,899 / mo
Cash down
$518,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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