5576 Meadowcrest Avenue, Mississauga, ON

Churchill Meadows, Mississauga · MLS® W13740578

$999,900
For Sale
Listed 18 days agoNo offer date stated
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3+2Bedrooms
4Bathrooms
1Garage · 2 parking
1500-2000Sq ft

About this home

In short

  • Welcome to 5576 Meadowcrest Avenue.
  • Exceptionally spacious & rarely available semi-detached home offering nearly 1,950 sq. ft. of above-grade living space, plus a fully finished 2-bedroom basement in...
  • Located in top-ranked school catchments, this sun-filled layout features soaring 9ft ceilings, hardwood flooring, and custom California shutters throughout.
  • Upstairs features a primary retreat w/ walk-in closet & 4pc ensuite, generously sized bedrooms, and a rare 2nd-floor family room easily converted into a 4th bedroom.
  • Steps to top schools, parks, transit & retail hubs.

Welcome to 5576 Meadowcrest Avenue! Exceptionally spacious & rarely available semi-detached home offering nearly 1,950 sq. ft. of above-grade living space, plus a fully finished 2-bedroom basement in the heart of desirable Churchill Meadows! Located in top-ranked school catchments, this sun-filled layout features soaring 9ft ceilings, hardwood flooring, and custom California shutters throughout. The updated eat-in kitchen boasts sleek quartz countertops & stainless-steel appliances, opening to bright principal rooms. Upstairs features a primary retreat w/ walk-in closet & 4pc ensuite, generously sized bedrooms, and a rare 2nd-floor family room easily converted into a 4th bedroom! The lower level expands your total living area w/ two extra bedrooms-perfect for extended family, guests, or a home office. Steps to top schools, parks, transit & retail hubs!

Key facts

Property type
Semi-Detached, 2-Storey
MLS®
W13740578
Bedrooms
3+2 (5 total)
Bathrooms
4 (1 half)
Size
1500-2000 sq ft
Lot
27.56 × 88.58 ft
Cross streets
Thomas and Tenth Line
Parking
1 garage · 2 parking (attached)
Driveway
Available
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,821 / 2026
Days on market
18
Listing brokerage
ROYAL LEPAGE CERTIFIED REALTY

Rooms

BreakfastMain3.20 × 3.00 m
Bedroom 3Second3.05 × 3.05 m

closet · hardwood floor

Living RoomMain6.68 × 3.25 m

Combined w/Dining

Dining RoomMain6.68 × 3.25 m

Combined w/Living

Family RoomMain4.50 × 3.04 m

fireplace · broadloom

Primary BedroomSecond5.19 × 3.38 m

ensuite bath · broadloom

KitchenMain3.20 × 2.75 m
Bedroom 2Second3.36 × 3.05 m

closet · hardwood floor

KitchenMain3.20 × 2.75 m
Primary BedroomSecond5.19 × 3.38 m

5 pc bath · hardwood floor

Family RoomMain4.50 × 3.04 m

fireplace · hardwood floor

Bedroom 2Second3.36 × 3.05 m

closet · broadloom

Living RoomMain6.68 × 3.25 m

Combined w/Dining

Dining RoomMain6.68 × 3.25 m

Combined w/Living

Bedroom 3Second3.05 × 3.05 m

closet · broadloom

BreakfastMain3.20 × 3.00 m
Our TakeTeam Asgarian · Broker
A small discount is typical
$982Klikely sale price

Listed at $999,900. Going by how homes in Churchill Meadows and the wider GTA have actually closed against their asking prices (about 98%, 28 local closings in 90 days), the likely sale price is near $982K, if it sells. A realistic range is $920K to $1.11M.

Independent value check: $990K. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $928K and $1.04M).

Why $990K. The typical semi-detached home sold in Churchill Meadows over the past year went for about $955K (114 sales). What sets this one apart:

  • ▲ Raises itIts tax bill, which follows the city's own assessment, is $6,821 a year; the typical home sold here pays about $5,900.
List price
$920KBelow recent closings$1.11MAbove recent closings

Total price vs nearby homes. Likely closing about $982K, from 28 recent closings in this pocket.

The market behind the math:

28sold nearby · 90 days
$960Kmedian sold price
99%of asking, on average
−7%prices vs a year ago
~19 dayshomes like this take to sell
18days on market so far
$3,598/moest. rent · 10 leases
4.3%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2 months of inventory: 19 semi-detached homes for sale in the area against 28 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $571/sqft against an area asking average of $600/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 28 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $987K. Condition and finishes remain an in-person call.

What the listing highlights4 points to weigh

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

  • Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
  • Primary suite: a key comfort and resale feature. Lifestyle
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver

Based on 5 homes sold on this street over the past two years, from 201 closings in Churchill Meadows.

What sellers nearby are askingCurrently listed nearby in Churchill Meadows · asking prices
$1.02Mavg asking

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 $582/sqft; this home lists at $571/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
1000kThis home1000k995k995k1.10M1000kThis home vs active comparables

Neighbourhood & location

Churchill Meadows, 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.

Central Erin Mills
$949K
Meadowvale
$906K
Lisgar
$898K
Erin Mills
$933K
East Credit
$960K

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
$4,557/mo
$196KIncome needed
5.1×Price ÷ income
$1,052Weekly cost
$16,473Land transfer tax, one-time (Ontario)
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.

89%mortgage
Mortgage $4,557Property tax $568Total carry $5,126

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%
$
%
4.39%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$4,379per month

Mortgage amount $799,920 · 4.39% over 25 years

$199,980Down payment (20.0%)
$799,920Loan before insurance
$0CMHC premium
$4,947Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$4,379
Property tax
$568
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$4,947

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

One-time closing costs

Ontario land transfer tax
$16,473
Estimated closing costs
$16,473

Plus your down payment of $199,980. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$5,305/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

$513,647Total interest paid
$1,313,567Total of all payments
Principal $799,920 Interest $513,647
YearPrincipalInterestBalance
1$18,101$34,441$781,819
2$18,905$33,638$762,914
3$19,744$32,799$743,171
4$20,620$31,923$722,551
5$21,535$31,008$701,016
6$22,491$30,052$678,525
7$23,489$29,054$655,036
8$24,531$28,011$630,505
9$25,620$26,923$604,885
10$26,757$25,785$578,127
11$27,945$24,598$550,183
12$29,185$23,358$520,998
13$30,480$22,062$490,517
14$31,833$20,710$458,684
15$33,246$19,297$425,438
16$34,721$17,821$390,717
17$36,262$16,280$354,455
18$37,872$14,671$316,583
19$39,553$12,990$277,030
20$41,308$11,235$235,722
21$43,141$9,401$192,581
22$45,056$7,487$147,525
23$47,056$5,487$100,469
24$49,144$3,399$51,325
25$51,325$1,217$0

At the end of your 5-year term

Total paid over the term
$262,713
Principal paid down
$98,904
Interest paid
$163,809
Balance remaining
$701,016

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
From 10 whole-home leases in Churchill Meadows$3,598/mo
$43,176Gross annual rent
3.0%Cap rate after taxes and upkeep
$3,310 to $3,886Typical rent range
~23 daysTo find a tenant, on average

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

Talk about the numbers

The last 10 whole-home leases in Churchill Meadows signed at a median of $3,424 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,598. 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.

4.3%
Gross yield
− Property tax $6,821− Insurance $1,400− Vacancy & upkeep $4,749Net operating income $30,206

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE CERTIFIED REALTY. MLS®/PropTx.

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