3603 Kelso Crescent, Mississauga, ON
Erin Mills, Mississauga · MLS® W13793190
About this home
In short
- RARE GROUND-LEVEL WALK-OUT BASEMENT.
- The house has been completely renovated from top to bottom.
- Main & 2nd levels feature new hardwood floors, new hardwood stairs with wrought iron railings, and a new modern kitchen with quartz countertops.
- Spacious primary bedroom offers a sitting area, walk-in closet, and a newly renovated ensuite bath.
- Prime location close to top schools, parks, shopping, transit, hospital, and Hwy 403/QEW.
RARE GROUND-LEVEL WALK-OUT BASEMENT! This 4+2 bed, 3.5-bath detached home with a 2-car garage situated on a quiet, exclusive crescent beside Tom Chater Memorial Park. The house has been completely renovated from top to bottom. Main & 2nd levels feature new hardwood floors, new hardwood stairs with wrought iron railings, and a new modern kitchen with quartz countertops. Carpet-free and Freshly Painted throughout. Walk out from the family room and breakfast area to multi-tiered decks overlooking a private yard. Spacious primary bedroom offers a sitting area, walk-in closet, and a newly renovated ensuite bath.Finished lower level flooded with natural light, featuring a private entrance, 2 bright bedrooms, kitchenette, 3pc bath, new vinyl flooring, and its own SEPARATE 2ND LAUNDRY-ideal for an in-law suite or potential rental helper! New Driveway and an interlock walkway, Entrance From Garage To House. Prime location close to top schools, parks, shopping, transit, hospital, and Hwy 403/QEW.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13793190
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 45.66 × 116.85 ft
- Cross streets
- Burnhamthorpe/Loyalist
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Separate Entrance, Walk-Out, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,464 / 2026
- Days on market
- 5
- Listing brokerage
- KINGSWAY REAL ESTATE
Rooms
hardwood floor · closet
ceramic floor · overlooks garden · w/o to deck
hardwood floor · window · open concept
vinyl floor · overlooks backyard
hardwood floor · closet
hardwood floor · overlooks frontyard
hardwood floor · w/o to sundeck · fireplace
ceramic floor · w/o to garden
vinyl floor · overlooks garden
hardwood floor · overlooks backyard
hardwood floor · 3 pc ensuite · walk-in closet(s)
Laundry Sink
vinyl floor · b/i stove · fireplace
hardwood floor · closet
Ceramic Floor
vinyl floor · 3 pc bath
Listed at $1,425,000. Going by how homes in Erin Mills and the wider GTA have actually closed against their asking prices (about 98%, 39 local closings in 90 days), the likely sale price is near $1.40M, if it sells. A realistic range is $1.31M to $1.58M.
Independent value check: $1.34M. Without looking at the asking price, our model values the home itself about 6% below the ask (homes like it typically land between $1.26M and $1.41M).
Why $1.34M. 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 it stronglyIts tax bill, which follows the city's own assessment, is $8,464 a year; the typical home sold here pays about $7,300.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightlyIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
Total price vs nearby homes. Likely closing about $1.40M, from 39 recent closings in this pocket.
The market behind the math:
About 2.1 months of inventory: 27 detached homes for sale in the area against 39 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $518/sqft against an area asking average of $593/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Erin Mills: 23 of the 149 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Mississauga.
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 39 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.46M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Walk-out basement: natural light and strong in-law or income potential. Income potential
- 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
- Primary suite: a key comfort and resale feature. Lifestyle
- Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($518/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 39 comparable homes that sold in Erin Mills over the past two years, from 324 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $555/sqft; this home lists at $518/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 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 $1,140,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,240
- Property tax
- $705
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,945
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $24,975
- Estimated closing costs
- $24,975
Plus your down payment of $285,000. 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
- $374,404
- Principal paid down
- $140,953
- Interest paid
- $233,451
- Balance remaining
- $999,047
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
The suite is real income here: basements rent in Erin Mills (23 of 149 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 a month on top of the upper floors. Permitted use is worth confirming with the city.
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 40 whole-home leases in Erin Mills signed at a median of $4,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,953. 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 KINGSWAY REAL ESTATE. MLS®/PropTx.