3253 Sir Johns Homestead, Mississauga, ON
Erin Mills, Mississauga · MLS® W13798406
About this home
In short
- Rare Opportunity in Sought-After Erin Mills.
- Spacious 4+3 bedroom, 4-bath detached home on an impressive 50 x 120 ft lot, just minutes' walk to U of T Mississauga (UTM).
- Huge value-add potential with an approved building permit for a residential second unit in the basement with separate entrance-ideal for extended family or future...
- Featuring hardwood floors, granite kitchen countertops, S/S appliances, built-in cooktop & range hood, spacious principal rooms, primary bedroom with walk-in closet &...
- Prime location close to schools, parks, transit, shopping, highways & everyday amenities.
Rare Opportunity in Sought-After Erin Mills! Spacious 4+3 bedroom, 4-bath detached home on an impressive 50 x 120 ft lot, just minutes' walk to U of T Mississauga (UTM) ! Features a double garage & private double driveway, offering total parking for 6 cars. Huge value-add potential with an approved building permit for a residential second unit in the basement with separate entrance-ideal for extended family or future income potential. Featuring hardwood floors, granite kitchen countertops, S/S appliances, built-in cooktop & range hood, spacious principal rooms, primary bedroom with walk-in closet & 4-pc ensuite, new A/C (2022) and new bathroom vanity (2025), lawn sprinkler system. Enjoy a landscaped backyard with a large deck & gazebo and no direct residential neighbors behind. Prime location close to schools, parks, transit, shopping, highways & everyday amenities. A fantastic opportunity for families, investors &owner-occupiers-don't miss it!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13798406
- Bedrooms
- 4+3 (7 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 50.08 × 120.16 ft
- Cross streets
- Dundas and Erin Mills
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $8,230 / 2025
- Days on market
- 4
- Listing brokerage
- KW Living Realty
Rooms
Laminate
hardwood floor · bow window · separate room
Laminate
hardwood floor · window
hardwood floor · ensuite bath · walk-in closet(s)
hardwood floor · window · separate room
Laminate
hardwood floor · fireplace · w/o to patio
hardwood floor · window
hardwood floor · window
tile floor · stainless steel appl · backsplash
Listed at $1,299,000. 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 $1.28M, if it sells. A realistic range is $1.20M to $1.44M.
Independent value check: $1.25M. Without looking at the asking price, our model values the home itself about 4% below the ask (homes like it typically land between $1.17M and $1.31M).
Why $1.25M. 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 $8,230 a year; the typical home sold here pays about $7,300.
Total price vs nearby homes. Likely closing about $1.28M, from 39 recent closings in this pocket.
The market behind the math:
About 1.2 months of inventory: 15 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 $577/sqft against an area asking average of $598/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 39 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.38M. 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- 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
Schools & getting aroundcatchment and transit
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Dundas Street At Redstart Drive is about a 2-minute walk away.
Based on 39 comparable homes that sold in Erin Mills over the past two years, from 324 closings there.
For sale
For sale
For sale
For sale
For sale
For sale
For sale
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 $569/sqft; this home lists at $577/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.
Getting around
Somewhat 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 OpenStreetMap contributors.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Dundas Street At Redstart Drive, about 180 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
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 $1,039,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,688
- Property tax
- $686
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,374
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
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
- $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.
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 numbersThe last 20 whole-home leases in Erin Mills signed at a median of $5,174 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,675. 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 KW Living Realty. MLS®/PropTx.