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5581 Wheatland Court, Mississauga, ON L5V 2E4

3+1 beds · 2 baths · 1 kitchen · 7+5 rooms · 5 parking spaces · 1100-1500 sq ft · Detached
$1,159,900
Property tax
$7,430 / year

Nestled within a quiet cul-de-sac and on a huge pie-shaped lot, this warm and inviting 3+1 bedroom home has been lovingly maintained and updated by the same owners of nearly 30 years. The main floor of this raised bungalow offers a spacious & functional plan. Step inside to a bright & inviting layout designed for both family-living & entertaining. A formal living & dining are perfect for hosting gatherings, while the lower level separate family room provides a warm retreat for everyday relaxation. The kitchen features custom cabinetry, stainless-steel appliances, granite counters & spacious breakfast area. Large windows overlook the huge backyard oasis. Enjoy an expansive 2 level covered patio. Great for outdoor dining, or escape from those sun-filled summer days. Take in the beauty of this well manicured yard while floating in your large fiberglass in-ground saltwater pool. Completing the main level of this home is a large primary suite with double closets, 2 well-appointed additional bedrooms as well as a bright 4-piece bathroom. Adding to the convienence of this raised bungalow is direct access to the garage from the foyer, requiring only a few steps to either the main, or lower levels. Make your way down to the professionally finished lower level and spend some listening to some music in the private den, warm up by the natural gas fireplace in the family room, or retreat to your large fourth bedroom. A well-equipped laundry room w/ ample storage and exercize room which once housed a full kitchen completes this level. Located in the mature East Credit neighbourhood, this court is highly coveted as nearly a dozen homes still house their original owners! The area offers easy access to schools, highways, parks, walking trails, Credit Valley Hospital & shopping. Whether you're commuting or enjoying the nearby amenities, this location is second to none. Don't miss this opportunity to own a beautifully maintained home in one of Mississauga's premier neighbourhoods!

MLS number
W13760356
Type
Detached
Status
Active
Bedrooms
4
Bathrooms
2
Postal code
L5V 2E4
Photos
50
Laundry
Not in the unit
5days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

This address has been listed 3 times.

Sale history is for registered usersSee what this address sold for and when, across all 3 listings. Free account — the board’s rules require one before sold data can be shown.Create a free account

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
St Joseph Secondary School
Dufferin-Peel CDSB
Secondary307 m8.4 / 10
84% met the standard · 2 of 6 measures
St Raymond Elementary School
Dufferin-Peel CDSB
Elementary410 m6.7 / 10
67% met the standard
Whitehorn Public School
Peel DSB
Elementary556 m7.2 / 10
72% met the standard · 3 of 6 measures
Lynn-Rose Heights Private School - ElemElementary691 mNot reported
Hazel McCallion Senior Public School
Peel DSB
Elementary958 m8.0 / 10
80% met the standard · 3 of 6 measures
St Valentine Elementary School
Dufferin-Peel CDSB
Elementary1.2 km6.8 / 10
68% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Detached houses in East Credit330 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$1.16M$1.26M$1.36M20252026this home’s asking price
$1.35Mlatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
95%98%100%20252026the asking price
96%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d15d31d20252026
21dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among detached houses in east credit. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 864 people.

$144,000Median household income
92%Own their home
93.9%Detached houses
44Median age
61.9%Born outside Canada
45.5%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35211591 — the few blocks around this address, home to 864 people. It describes the area, not this property.

864Population
42.5Average age
3.5Household size
$150,000Average household income
$144,000Median household income
92%Own their home
8%Rent
0%Condominiums
62%Born outside Canada
46%University degree
$1,150,000Average home value
6%Low income
64%Not in the labour force
32%Never married
$30,000 to $34,9992%
$40,000 to $44,9992%
$45,000 to $49,9992%
$50,000 to $59,9994%
$60,000 to $69,9992%
$70,000 to $79,9992%
$80,000 to $89,9992%
$90,000 to $99,9992%
$100,000 and over40%
$100,000 to $124,9996%
$125,000 to $149,9995%
$150,000 to $199,99913%
$200,000 and over15%

Percentages are of the 410 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$231,980 · minimum here is $90,990
$5,135.79per month
Borrowed before insurance$927,920
Total borrowed$927,920
Interest over 25 years at 4.5%$612,816

If you rented it out

-$5,754.95per month out of pocket
Rent$0.00
Everything it costs to hold$5,754.95
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by Royal LePage Real Estate Associates. Listing data provided by the Toronto Regional Real Estate Board.