5859 Riverside Place, Mississauga, ON
East Credit, Mississauga · MLS® W13562228
About this home
Properties like this are almost never for sale. They are treasured, and passed from one generation to the next. Set on a rare, deep ravine lot backing directly onto the Credit River in coveted East Credit, a short stroll from Streetsville Village's cafes, boutiques and GO station, this estate holds a position no builder can recreate. Here, your neighbours are a river and ten thousand trees, and they never let you down. Inside, the home's defining luxury reveals itself: minus fifteen in January out there, twenty-nine degrees in here, every morning. A full-sized indoor pool and sauna form a private wellness resort under your own roof; a swim before sunrise, steam after a long week. The living room soars to a cathedral ceiling framed by a striking wall-to-wall mural, a skylight above the staircase pours light through the heart of the home, and a saltwater aquarium brings the calm of moving water indoors. The chef's kitchen with built-in refrigerator, built-in oven, 5-burner gas cooktop and centre island opens to a sunlit breakfast area overlooking the ravine canopy. A dedicated office makes working from home a privilege, and a full bathroom on the main floor makes multigenerational living effortless, with comfort and independence for every generation under one roof. This is a house built to gather: an oversized patio flows beneath a grand pergola draped in living grape vines, and a built-in projection screen turns summer nights into open-air cinema. Birthdays, festivals, milestones. Hosting guests feels intimate here, with no audience but the river. Upstairs, the primary retreat opens to a private balcony suspended over the ravine. Below, a temperature-controlled wine cellar awaits the collector; every gathering begins with choosing the bottle. You never photograph the things you think you'll have forever; here, forever is on offer. Total privacy. Year-round resort. Irreplaceable land, for this generation and the next. The search ends at 5859 Riverside Place.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13562228
- Bedrooms
- 8 (4 + 4)
- Bathrooms
- 5
- Size
- 3500-5000
- Lot
- 58.6 × 178.22 ft
- Cross streets
- Queen St S/ Main St
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Pool
- Indoor
- Property tax
- $13,854 / 2025
- Days on market
- 3
- Listing brokerage
- RE/MAX OPTIMUM REALTY
Rooms
Window
hardwood floor · w/o to sunroom · w/o to pool
hardwood floor · large window · large closet
hardwood floor · w/o to balcony · 5 pc ensuite
hardwood floor · w/o to balcony · 6 pc ensuite
hardwood floor · large window · separate room
hardwood floor · bay window · cathedral ceiling(s)
laminate · pot lights · open concept
hardwood floor · bay window · cathedral ceiling(s)
hardwood floor · double closet · large window
hardwood floor · overlooks pool · open concept
hardwood floor · large window · large closet
hardwood floor · bay window · cathedral ceiling(s)
hardwood floor · walk-in closet(s) · 4 pc ensuite
hardwood floor · bay window · cathedral ceiling(s)
hardwood floor · w/o to pool · combined w/kitchen
hardwood floor · large closet · 4 pc ensuite
hardwood floor · stainless steel appl · b/i fridge
fireplace · pot lights
laminate · 3 pc ensuite · closet organizers
hardwood floor · stainless steel appl · b/i fridge
Window
hardwood floor · large window · large closet
hardwood floor · bay window · separate room
hardwood floor · bay window · double doors
Listed at $1,999,000, this home is about 8% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.52M, a bit higher.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.95M
- Size difference +$506K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $2.41M
That comparable adjusts to $2.41M; the $2.18M estimate above is the median of all 7 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Queen St North Of Kerr St is about a 5-minute walk away.
Total price vs nearby homes. Fair value about $2.18M, median of 7 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Worth verifying
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 12% below the area average of $535/sqft.
0 days faster than the Mississauga average (3 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
East Credit, Mississauga, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Queen St North Of Kerr St, about 398 m away
Within a 15-minute (1.5 km) walk.
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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,599,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,534
- Property tax
- $1,155
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,688
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $36,455
- Estimated closing costs
- $36,455
Plus your down payment of $399,800. 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
- $512,035
- Principal paid down
- $203,658
- Interest paid
- $308,377
- Balance remaining
- $1,395,542
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 numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX OPTIMUM REALTY. MLS®/PropTx.