3945 Renfrew Crescent, Mississauga, ON
Erin Mills, Mississauga · MLS® W13041864
About this home
In short
- Welcome to this upgraded and well-maintained detached home in desirable Erin Mills, set on a premium lot with no sidewalk.
- Featuring roof (2025), hot water tank (2025), upgraded 200-amp electrical service, pot lights throughout, and recent upgrades overall, this move-in ready home offers...
- Bright open-concept kitchen with walk-out to backyard, spacious bedrooms, and a brand new renovated basement providing valuable additional living space.
- 2 years ago, humidifier system, and renovations in 2019/2020.
- Ideally located near top-rated schools, parks, shopping, public transit, GO Transit, major highways including Highway 403 and Highway 407, and just minutes to Erin...
Welcome to this upgraded and well-maintained detached home in desirable Erin Mills, set on a premium lot with no sidewalk. Featuring roof (2025), hot water tank (2025), upgraded 200-amp electrical service, pot lights throughout, and recent upgrades overall, this move-in ready home offers comfort and practicality for family living. Bright open-concept kitchen with walk-out to backyard, spacious bedrooms, and a brand new renovated basement providing valuable additional living space. Major updates include drainage improvements completed approx. 2 years ago, humidifier system, and renovations in 2019/2020. Double garage and excellent curb appeal. Ideally located near top-rated schools, parks, shopping, public transit, GO Transit, major highways including Highway 403 and Highway 407, and just minutes to Erin Mills Town Centre and Credit Valley Hospital-an excellent opportunity to own in one of Erin Mills' most sought-after neighbourhoods.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13041864
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 40.58 × 119.75 ft
- Cross streets
- Burnhamthorpe & Colonial
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $7,309 / 2026
- Days on market
- 150
- Listing brokerage
- SUPERSTARS REALTY LTD.
Rooms
laminate · fireplace · pot lights
Listed at $1,349,000. Going by how homes in Erin Mills have actually closed against their asking prices (about 98%, 40 local closings in 90 days), the likely sale price is near $1.33M, if it sells. A realistic range is $1.24M to $1.49M.
Independent value check: $1.20M. Without looking at the asking price, our model values the home itself about 11% below the ask (homes like it typically land between $1.13M and $1.26M).
Why $1.20M. The typical detached home sold in Erin Mills over the past year went for about $1.21M (162 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Longer on the market than typical. 150 days on the market against about 29 for homes like it here, and asking 12% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.33M, from 40 recent closings in this pocket.
The market behind the math:
About 2.4 months of inventory: 32 detached homes for sale in the area against 40 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $600/sqft against an area asking average of $606/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 40 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.27M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($600/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 40 comparable homes that sold in Erin Mills over the past two years, from 324 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $628/sqft; this home lists at $600/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Erin Mills, Mississauga, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Mississauga.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $1,079,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,907
- Property tax
- $609
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,516
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,455
- Estimated closing costs
- $23,455
Plus your down payment of $269,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $354,436
- Principal paid down
- $133,435
- Interest paid
- $221,001
- Balance remaining
- $945,765
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 49 whole-home leases in Erin Mills signed at a median of $4,286 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,386. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of SUPERSTARS REALTY LTD.. MLS®/PropTx.