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New3 hours ago

5859 Riverside Place

East Credit, Mississauga

$2,099,000

Detached|2-Storey
4 | 5 | 6
About this home

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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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$13,854
Lot Size58.6 ft x 178.22 ft
mls© NumberW13820620
Listed ByHOMEWISE REAL ESTATE

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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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.

Down payment20% · $419,800
25-yr amortization

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 check

Investment Analysis

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