3074 Tours Road, Mississauga, ON

Meadowvale, Mississauga · MLS® W13729310

$1,325,000
For Sale
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5Bedrooms
4Bathrooms
2Garage · 6 parking
2000-2500Sq Ft

About this home

Located across from Miller's Grove Park, this beautifully maintained detached home is in the highly sought-after Meadowvale community. It offers the perfect blend of comfort, functionality, and exceptional outdoor living. Built on a 6,000 SQ FT lot with a 50-foot frontage & 120-foot depth, it features 4 spacious bedrooms, 4 bathrooms, and a bright, welldesigned floor plan with a fully finished basement & a double car garage. This home is ideal for growing families and special gatherings. The main level features spacious principal rooms, including a generous living room with additional space for a kid's play area or home office, a cozy family room with a wood-burning fireplace and separate walkout to the deck, and a dining room beside the kitchen overlooking the backyard. The upgraded kitchen combines style and function with stainless steel appliances, ample storage, and a large pantry-ideal for everyday family living and entertaining. The eat-in kitchen area provides plenty of natural light through a few windows including a bay window overlooking the exceptional backyard. Step out to the large deck through one of 2 sliding doors perfect for BBQing, dinning and lounging with your family and friends. In the backyard is where this 6,000 SQ FT lot really shines! Imagine your family enjoying this beautiful backyard with mature trees. There is so much room for activities. And yes, it's more than big enough for a pool with plenty of space left over. The second floor features a large primary bedroom with a walk-in closet and an en-suite bathroom. The other 3 bedrooms are all large enough for a queen size bed, they have large closets and plenty of natural light. They share a large linen closet and this upgraded 4 piece bathroom with plenty of additional built-in storage. Take special note of how bright and spacious all of the bedrooms are. The fully finished basement significantly expands the living space, with a large rec area, a large bedroom, an updated 4-piece bathroom.

Key facts

Property type
Detached, 2-Storey
MLS®
W13729310
Bedrooms
5 (4 + 1)
Bathrooms
4 (1 half)
Size
2000-2500
Lot
50.59 × 121.42 ft
Cross streets
Winston Churchill Blvd & Britannia Rd W
Parking
2 garage · 6 parking (attached)
Driveway
Private Double
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Aluminum Siding
Foundation
Poured Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,689 / 2025
Listing brokerage
CENTURY 21 LEADING EDGE REALTY INC.

Rooms

BreakfastMain3.30 × 2.02 m

tile floor · bay window · w/o to deck

Bedroom3.50 × 3.40 m
FoyerMain3.30 × 5.71 m

tile floor · closet

Living Room4.62 × 3.36 m
Bedroom 3Second3.53 × 3.19 m

laminate · window · closet

Bedroom3.42 × 3.36 m
LockerBasement3.59 × 2.61 m

Separate Room

Bedroom 2Second4.50 × 5.04 m

laminate · window · closet

Family RoomMain6.36 × 3.13 m

hardwood floor · fireplace · w/o to deck

Dining RoomMain4.17 × 3.93 m

hardwood floor · large window · overlooks backyard

Bedroom 4Second3.11 × 3.07 m

laminate · window · closet

LaundryMain2.18 × 1.76 m

tile floor · w/o to garage · closet

Dining Room4.27 × 3.36 m
Bedroom 5Basement3.24 × 3.63 m

vinyl floor · window

Primary Bedroom5.52 × 3.48 m

ensuite bath · walk-in closet(s)

Kitchen4.80 × 3.30 m
Living RoomMain3.93 × 5.59 m

hardwood floor · window · overlooks frontyard

KitchenMain3.30 × 2.46 m

tile floor · stainless steel appl · backsplash

Primary BedroomSecond5.25 × 3.59 m

laminate · walk-in closet(s) · 4 pc ensuite

RecreationBasement7.37 × 9.86 m

vinyl floor · window · pot lights

Our TakeTeam Asgarian · Broker
In line
$1.39Mest. value

Listed at $1,325,000, and my independent estimate is right in line with comparable homes.

List price
$1.26MBelow asking range$1.54MAbove asking range

Total price vs nearby homes. Fair value about $1.39M, median of 11 comparables.

The market behind the math:

This home
Below area avgAbove area avg

Price per square foot: this home lists at $589/sqft against an area asking average of $629/sqft. Size and $/sqft both feed the estimate above.

How this estimate is builtthe short version

I take the 11 most comparable recent listings nearby and adjust each one to this home for the real differences (size, beds, baths, garage, and standout features), then use the median, which is steadier than leaning on any single listing.

It’s grounded in comparable active listings. Lot, condition, and finishes are my in-person call, and the city (MPAC) assessment points to about $1.25M, a close match.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
  • Primary suite: a key comfort and resale feature. Lifestyle

Based on 11 comparable homes nearby.

What sellers nearby are askingCurrently listed nearby in Meadowvale · asking prices
$1.30Mavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

3180 Pebblewood Road $553/sqft$1.25M6031 Edenwood Drive $666/sqft$1.50M3182 Shadetree Drive $511/sqft$1.15M

Per square foot, these ask about $577/sqft; this home lists at $589/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
1.32MThis home1.25M1.50M1.15MThis home vs active comparables

Neighbourhood & location

Meadowvale, Mississauga, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Lisgar
$1.35M
Streetsville
$1.26M
Churchill Meadows
$1.28M
Central Erin Mills
$1.36M
East Credit
$1.35M

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

Affordability
$6,039/mo
$251KIncome needed
5.3×Price ÷ income
$1,394Weekly cost
20% down4.79%25-yr amortization

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.

92%mortgage
Mortgage $6,039Property tax $557Total carry $6,596

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

$
20.0%
$
%
4.24%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of August 31, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,715per month

Mortgage amount $1,060,000 · 4.24% over 25 years

$265,000Down payment (20.0%)
$1,060,000Loan before insurance
$0CMHC premium
$6,272Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,715
Property tax
$557
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,272

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$22,975
Estimated closing costs
$22,975

Plus your down payment of $265,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.24%Qualifying rate
$6,934/monthPayment at the qualifying rate

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

$654,374Total interest paid
$1,714,374Total of all payments
Principal $1,060,000 Interest $654,374
YearPrincipalInterestBalance
1$24,491$44,084$1,035,509
2$25,541$43,034$1,009,968
3$26,635$41,940$983,333
4$27,776$40,799$955,557
5$28,966$39,609$926,591
6$30,208$38,367$896,383
7$31,502$37,073$864,881
8$32,852$35,723$832,029
9$34,260$34,315$797,770
10$35,728$32,847$762,042
11$37,258$31,317$724,784
12$38,855$29,720$685,929
13$40,520$28,055$645,409
14$42,256$26,319$603,153
15$44,067$24,508$559,086
16$45,955$22,620$513,131
17$47,924$20,651$465,207
18$49,978$18,597$415,230
19$52,119$16,456$363,110
20$54,352$14,223$308,758
21$56,681$11,894$252,077
22$59,110$9,465$192,966
23$61,643$6,932$131,323
24$64,284$4,291$67,039
25$67,039$1,536$0

At the end of your 5-year term

Total paid over the term
$342,875
Principal paid down
$133,409
Interest paid
$209,466
Balance remaining
$926,591

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.

Let's connect

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

Rental yield
Estimate$4,200/mo
$50,400Gross annual rent
2.8%Est. cap rate

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.8%
Gross yield
− Property tax $6,689− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $36,767

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.

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