3268 Cajun Crescent, Mississauga, ON

Erin Mills, Mississauga · MLS® W13777698

$1,299,000
For Sale
Listed 8 days agoNo offer date stated
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4Bedrooms
5Bathrooms
2Garage · 6 parking
2500-3000Sq ft

About this home

In short

  • Welcome to 3268 Cajun Crescent, a rare opportunity offering space, convenience, and outstanding potential in a highly sought-after, family-friendly neighborhood.
  • This impressive home features4 spacious bedrooms and 5 bathrooms across 2,593 sq ft above grade, with a well-designed layout ideal for growing families or...
  • The property highlights a finished basement with 1 bathroom, a total basement area of 1,224 sq ft, a side entrance, as well as an attached double-car garage and an...
  • Stepping outside, you'll discover a private backyard ideal for outdoor entertaining, relaxing, or enjoying quiet family evenings.
  • Perfectly situated on a quiet crescent close to top-rated schools, lush parks, scenic walking trails, shopping, and major commuter routes, this home delivers an...

Welcome to 3268 Cajun Crescent, a rare opportunity offering space, convenience, and outstanding potential in a highly sought-after, family-friendly neighborhood. This impressive home features4 spacious bedrooms and 5 bathrooms across 2,593 sq ft above grade, with a well-designed layout ideal for growing families or multi-generational living. The property highlights a finished basement with 1 bathroom, a total basement area of 1,224 sq ft, a side entrance, as well as an attached double-car garage and an extended driveway that easily fits up to 4 additional vehicles. Stepping outside, you'll discover a private backyard ideal for outdoor entertaining, relaxing, or enjoying quiet family evenings. Perfectly situated on a quiet crescent close to top-rated schools, lush parks, scenic walking trails, shopping, and major commuter routes, this home delivers an exceptional combination of size, setting, and versatility. Some photos have been virtually staged with furniture and decor for illustration purposes.

Key facts

Property type
Detached, 2-Storey
MLS®
W13777698
Bedrooms
4
Bathrooms
5 (1 half)
Size
2500-3000 sq ft
Lot
40.26 × 115.42 ft
Cross streets
Winston Churchill Blvd & Burnhamthorpe Rd W
Parking
2 garage · 6 parking (attached)
Driveway
Private
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Unknown
Sewer
Sewer
Property tax
$7,775 / 2025
Days on market
8
Listing brokerage
ROYAL LEPAGE MEADOWTOWNE REALTY
Our TakeTeam Asgarian · Broker
A small discount is typical
$1.28Mlikely sale price

Listed at $1,299,000. 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 $1.28M, if it sells. A realistic range is $1.20M to $1.44M.

Independent value check: $1.24M. Without looking at the asking price, our model values the home itself about 5% below the ask (homes like it typically land between $1.16M and $1.30M).

Why $1.24M. 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 itIts tax bill, which follows the city's own assessment, is $7,775 a year; the typical home sold here pays about $7,300.
  • ▲ Raises it slightlyIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
  • ▲ Raises it slightly4 bedrooms and 5 baths, against 4+1 and 4 typically.
List price
$1.20MBelow recent closings$1.44MAbove recent closings

Total price vs nearby homes. Likely closing about $1.28M, from 40 recent closings in this pocket.

The market behind the math:

40sold nearby · 90 days
$1.14Mmedian sold price
99%of asking, on average
−14%prices vs a year ago
~22 dayshomes like this take to sell
8days on market so far
$4,913/moest. rent · 38 leases
4.5%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.4 months of inventory: 19 detached homes for sale in the area against 40 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 $472/sqft against an area asking average of $605/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 $1.33M. 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.

  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($472/sqft) is below 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.

Neighbourhood & location

Erin Mills, 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.

Lorne Park
$1.77M
Churchill Meadows
$1.54M
Erindale
$2.95M
Clarkson
$2.03M
Central Erin Mills
$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
$5,920/mo
$250KIncome needed
5.2×Price ÷ income
$1,366Weekly cost
$22,455Land 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.

90%mortgage
Mortgage $5,920Property tax $648Total carry $6,568

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)
$5,688per month

Mortgage amount $1,039,200 · 4.39% over 25 years

$259,800Down payment (20.0%)
$1,039,200Loan before insurance
$0CMHC premium
$6,336Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,688
Property tax
$648
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,336

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

One-time closing costs

Ontario land transfer tax
$22,455
Estimated closing costs
$22,455

Plus your down payment of $259,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.39%Qualifying rate
$6,892/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

$667,294Total interest paid
$1,706,494Total of all payments
Principal $1,039,200 Interest $667,294
YearPrincipalInterestBalance
1$23,516$44,744$1,015,684
2$24,559$43,700$991,125
3$25,649$42,610$965,475
4$26,788$41,472$938,687
5$27,977$40,283$910,711
6$29,218$39,041$881,492
7$30,515$37,745$850,977
8$31,869$36,390$819,108
9$33,284$34,976$785,824
10$34,761$33,499$751,063
11$36,304$31,956$714,759
12$37,915$30,345$676,844
13$39,598$28,662$637,246
14$41,355$26,904$595,890
15$43,191$25,069$552,700
16$45,108$23,152$507,592
17$47,110$21,150$460,483
18$49,200$19,059$411,282
19$51,384$16,876$359,898
20$53,664$14,595$306,234
21$56,046$12,214$250,188
22$58,534$9,726$191,654
23$61,131$7,128$130,523
24$63,845$4,415$66,678
25$66,678$1,582$0

At the end of your 5-year term

Total paid over the term
$341,299
Principal paid down
$128,489
Interest paid
$212,809
Balance remaining
$910,711

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 38 whole-home leases in Erin Mills$4,913/mo
$58,956Gross annual rent
3.3%Cap rate after taxes and upkeep
$4,221 to $5,294Typical rent range
~31 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 38 whole-home leases in Erin Mills signed at a median of $4,410 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,913. 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.

4.5%
Gross yield
− Property tax $7,775− Insurance $1,400− Vacancy & upkeep $6,485Net operating income $43,296

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

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