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East Credit, Mississauga
$2,099,000
Set on a remarkable deep ravine lot backing directly onto the Credit River in sought-after East Credit, 5859 Riverside Place offers exceptional privacy within easy reach of Streetsville Village, local shops, cafés and the GO station. Mature trees and a tranquil natural backdrop create a setting that is increasingly hard to find.Inside, a full-sized indoor pool and sauna create a private, year-round retreat. The dramatic living room features a cathedral ceiling and striking wall-to-wall mural, while a skylight fills the central staircase with natural light. The chef's kitchen is equipped with a built-in refrigerator and oven, 5-burner gas cooktop, centre island, and sunlit breakfast area overlooking the ravine.A dedicated main-floor office and full bathroom add valuable everyday flexibility. Outdoors, an oversized patio beneath a grapevine-draped pergola, together with a built-in projection screen, creates an exceptional setting for relaxed entertaining and open-air movie nights.Upstairs, the primary retreat opens to a private balcony overlooking the ravine. The lower level includes a temperature-controlled wine cellar, adding a thoughtful touch for collectors and hosts alike. With direct Credit River backing, an indoor pool and sauna, and a secluded natural setting, this is a distinctive East Credit property with a lifestyle that is difficult to replicate.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 3500-5000 sq. ft. |
| Property Tax | $13,854 |
| Lot Size | 58.6 ft x 178.22 ft |
| mls© Number | W13820620 |
| Listed By | HOMEWISE REAL ESTATE |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $10,744
- Property tax
- $1,155
- Heat allowance
- $150
- Housing costs
- $12,048 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$371,000
gross annual household income
- Payment at 4%
- $8,833 / mo
- Cash down
- $419,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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