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1527 Princelea Place
East Credit Mississauga L5M 3N9

$1,499,000
Residential Freehold beds: 9 baths: 6.0

Status:
Active
Prop. Type:
Residential Freehold
MLS® Num:
W12705044
Bedrooms:
9
Bathrooms:
6
Exceptionally spacious and versatile 5-bedroom detached home with incredible income potential! This well maintained property features two self-contained basement units, each with 2 bedrooms, private entrances, and full kitchens-ideal for extended family, rental income, or mortgage support. Live comfortably in the main home while the basement units generate a significant portion of your mortgage payment. Perfect for investors or large families seeking flexibility and financial freedom. Located in a desirable neighborhood close to schools, transit, and amenities. Don't miss this rare opportunity to own a multi-income property in a prime location. This expansive and exceptionally spacious home offers the perfect blend of comfort, functionality, and income potential. Featuring 5 generously sized bedrooms, including two with private ensuites, the main residence is ideal for a large or growing family. The oversized kitchen provides ample room for cooking, gathering, and entertaining, while the beautiful family room with a wood-burning fireplace creates a warm and inviting space to relax. Adding tremendous value are two self-contained basement units, each offering 2 bedrooms, with separate shared laundry for downstairs tenants-perfect for extended family, guests, or rental opportunities. With abundant living space throughout and excellent income potential, this home is an outstanding option for a large family seeking comfort and flexibility, or for homeowners looking to offset expenses with additional rental income. Great for investors
Property Type:
Residential Freehold
Property Sub Type:
Detached
Home Style:
2-Storey
Approx. Age:
16-30
Total Approx Floor Area:
3000-3500
Lot Depth:
111'7"
Lot Frontage:
45'⅛"
Direction Faces:
North
Bedrooms:
9
Bathrooms:
6.0
Water supply:
Municipal
Kitchens:
3
Bedrooms Above Grade:
9
Kitchens Above Grade:
3
Rooms Above Grade:
19
Heating type:
Forced Air
Heating Fuel:
Gas
Fireplaces:
1
Foundation:
Concrete
Roof:
Shingles
Basement:
Separate Entrance, Apartment
Fireplace/Stove:
Yes
Garage:
Built-In
Garage Spaces:
2.0
Parking Spaces:
3
Total Parking Spaces:
5.0
Family Room:
Yes
Possession Details:
Flexible
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Assessment:
$856,000
Assessment Year:
2025
Taxes:
$8,850 / 2025
Assessment:
$856,000.00 / 2025
Peel
Mississauga
East Credit
In-Law Suite
2 fridges, 3 stoves, 2 washers, 2 dryers. all light fixtures. garage door opener.
Brick
No
Floor
Type
Size
Other
Main
Living Room
20' × 11'5"
Hardwood Floor, Bay Window, Combined w/Dining
Main
Dining Room
13'9" × 11'5"
Combined w/Living, Hardwood Floor
Main
Family Room
20'2" × 12'
Hardwood Floor, Fireplace
Main
Office
12'1" × 12'
Hardwood Floor
Main
Kitchen
13' × 11'5"
Ceramic Floor, Window
Main
Breakfast
18' × 10'
Bay Window
Second
Primary Bedroom
21'10¼" × 12'2"
5 Pc Ensuite, Walk-In Closet(s)
Second
Bedroom 2
12'2" × 12'
Double Closet
Second
Bedroom 3
13'9" × 12'3"
Closet
Second
Bedroom 4
16' × 11'5"
Closet
Second
Bedroom 5
13'7" × 11'5"
Closet
Basement
Living Room
Measurements not available
Laminate
Basement
Bedroom
Measurements not available
Laminate
Basement
Bedroom 2
Measurements not available
Laminate
Basement
Living Room
Measurements not available
Laminate
Basement
Bedroom
Measurements not available
Laminate
Basement
Bedroom 2
Measurements not available
Laminate
UFFI:
No
Utilities Cable:
Available
Utilities Telephone:
Available
Utilities Gas:
Yes
Utilities Hydro:
Yes
Utilities Water:
Yes
Sewers:
Yes
Special Designation:
Unknown
Sewers:
Sewer
Air Conditioning:
Central Air
Central Vacuum:
No
Seller Property Info Statement:
Yes
Laundry Level:
Main Level
Date Listed:
Jan 16, 2026
Original Price:
Previous Price:
Listed by RIGHT AT HOME REALTY
Data was last updated January 18, 2026 at 04:15 AM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$1,399,450
Min list price:
$978,000
Max list price:
$3,598,000
Avg days on market:
60
Min days on market:
0
Max days on market:
158
These statistics are generated based on the current listing's property type and located in East Credit. Average values are derived using median calculations. This data is not produced by the MLS® system.
HomeLife Landmark Realty Inc.
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