1952 Lapad Court, Mississauga, ON
Erin Mills, Mississauga · MLS® W14080536
About this home
In short
- Rarely offered and truly one of a kind, this exceptional home is tucked away on a prestigious cul-de-sac just off Mississauga Road, set on a spectacular ravine lot...
- The newly renovated main-floor primary suite offers a serene retreat, complete with a sleek new 3-piece ensuite and spacious walk-in closet.
- An incredible opportunity to own a truly special property in one of Mississauga's most sought-after pockets, just steps to UTM, scenic trails, shops, excellent...
Rarely offered and truly one of a kind, this exceptional home is tucked away on a prestigious cul-de-sac just off Mississauga Road, set on a spectacular ravine lot that feels worlds away from the city. Step inside to a home filled with character and style, from the moody formal living room to the picturesque dining space and sun-soaked kitchen overlooking the lush natural surroundings. Out back, your own private Muskoka-inspired escape awaits-peaceful, secluded and surrounded by mature greenery. The newly renovated main-floor primary suite offers a serene retreat, complete with a sleek new 3-piece ensuite and spacious walk-in closet. An incredible opportunity to own a truly special property in one of Mississauga's most sought-after pockets, just steps to UTM, scenic trails, shops, excellent schools and everyday amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W14080536
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 6 (1 half)
- Size
- 3000-3500 sq ft
- Lot
- 54.76 × 141.7 ft
- Cross streets
- Mississauga Rd/Burnhamthorpe
- Parking
- 2 garage · 8 parking (attached)
- Driveway
- Private
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $16,986 / 2026
- Listing brokerage
- RE/MAX PROFESSIONALS INC.
Listed at $1,799,000. Going by how homes in Erin Mills have actually closed against their asking prices (about 99%, 41 local closings in 90 days), the likely sale price is near $1.78M, if it sells. A realistic range is $1.66M to $2.00M.
Independent value check: $2.29M. Without looking at the asking price, our model values the home itself about 27% above the ask (homes like it typically land between $2.14M and $2.40M).
Why $2.29M. 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 $16,986 a year; the typical home sold here pays about $7,300.
- ▲ Raises itIt is 3,000 to 3,500 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightly4+2 bedrooms and 6 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $1.78M, from 41 recent closings in this pocket.
The market behind the math:
About 0.6 months of inventory: 8 detached homes for sale in the area against 41 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $554/sqft against an area asking average of $647/sqft.
- Walk-out basement apartment features. A finished 2 bed walk-out basement apartment. A self-contained space for extended family, guests or potential income. Basements do rent in Erin Mills: 24 of the 150 detached leases here lately were basement units, around $1,850 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.
- Ravine / green setting. This home is described as backing onto a ravine or green setting. The ravine backing is priced into the comparison. How much it is really worth depends on whether the house sits on table land with the slope well behind it, or drops away right behind it, and that part is my in-person call.
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 41 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.22M. 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Based on 41 comparable homes that sold in Erin Mills over the past two years, from 313 closings there.
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 $635/sqft; this home lists at $554/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Erin Mills: $1.10M in September 2026, up 2% from a year ago, on 160 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.14M | 19 |
| November 2025 | $1.19M | 12 |
| December 2025 | $1.00M | 7 |
| January 2026 | $1.10M | 7 |
| February 2026 | $1.32M | 8 |
| March 2026 | $1.25M | 11 |
| April 2026 | $1.23M | 14 |
| May 2026 | $1.28M | 22 |
| June 2026 | $1.22M | 17 |
| July 2026 | $1.14M | 15 |
| August 2026 | $1.18M | 15 |
| September 2026 | $1.10M | 13 |
Neighbourhood & 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
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $1,439,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,958
- Property tax
- $1,416
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,373
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,455
- Estimated closing costs
- $32,455
Plus your down payment of $359,800. 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
- $477,455
- Principal paid down
- $175,844
- Interest paid
- $301,611
- Balance remaining
- $1,263,356
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 (24 of 150 recent detached leases were basement units, around $1,850 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,850 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 41 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 $5,380. 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 RE/MAX PROFESSIONALS INC.. MLS®/PropTx.