5198 Forest Ridge Dr

FOR SALE
$2,899,000
5198 Forest Ridge Dr, Mississauga
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5
BEDROOMS
6
BATHROOMS
1
KITCHENS
11 + 3
ROOMS
W11977609
MLSID
Contact Us
Property Description
*Ravine Lot* in the sought-after Credit Mills area. Spanning an impressive 4,700+ square feet, with an additional finished basement, this residence seamlessly blends grand space with comfort, all while backing onto a serene forest, enhancing its value and tranquility. Upon entering, you are greeted by an expansive layout featuring high ceilings, 4 spacious bedrooms and 4 full bathrooms complemented by 2 additional 2-piece bathrooms, including one conveniently located in the cabana by the pool. Cozy up near one of the 4 gas fireplaces throughout the home, each adding warmth and ambiance. Step outside to your own paradise, where a spectacular saltwater Solda swimming pool awaits, complete with a stunning waterfall, safety cover, and a Polaris pool cleaner. Enjoy year-round relaxation in the hot tub or unwind in the stylish cabana, which features its own 2-piece washroom and changing room. The professionally landscaped gardens, adorned with wisteria and illuminated by garden lights, create a picturesque setting for outdoor gatherings. The backyard is fully fenced for privacy and backs onto the scenic Erin Woods Park, offering walking trails and natural beauty right at your doorstep. Inside, the custom-designed kitchen features granite countertops, maple cabinets that extend to the ceiling, self-closing drawers, high-end built-in Miele dishwasher and a built in recycling bin. Oak floors flow throughout the main and upper levels (excluding the billiard room), showcasing exquisite design details such as crown moldings and smooth ceilings. The home features a second staircase leading to the potential main floor primary bedroom (current billiard room and library) which includes a 3-piece ensuite bathroom, providing the flexibility for potential rental income or an in-law suite. In-ground lawn and garden sprinkler system, operated by a Rachio smart controller, electric car charging outlet in the garage. Water filtration system with reverse osmosis drinking water system.
Nearby Intersections
Property Features
Electric Car Charger, Fenced Yard, Grnbelt/Conserv, Hospital, Park, Ravine
Property Details
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
63' x 154'
Fronting
South
Taxes
$14,417 (2024)
Basement
Finished, Full
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Pool
Inground
Parking Spaces
6
Driveway
Private
Garage Type
Built-In
Room Summary
RoomLevelSizeFeatures
LivingMain12.99' x 19.82'Hardwood Floor, Gas Fireplace, Vaulted Ceiling
DiningMain12.89' x 17.78'Hardwood Floor, Double Doors, Vaulted Ceiling
Great RmMain30.81' x 20.18'Broadloom, Gas Fireplace, 3 Pc Ensuite
FamilyMain14.76' x 19.78'Hardwood Floor, Gas Fireplace, O/Looks Ravine
KitchenMain13.62' x 14.73'Hardwood Floor, Granite Counter, O/Looks Ravine
BreakfastMain12.20' x 15.78'Hardwood Floor, Eat-In Kitchen, O/Looks Ravine
OfficeMain10.30' x 14.93'Hardwood Floor, Large Window, Separate Rm
Prim Bdrm2nd13.52' x 17.91'Hardwood Floor, W/I Closet, 6 Pc Ensuite
2nd Br2nd10.50' x 21.52'Hardwood Floor, W/I Closet, 3 Pc Ensuite
3rd Br2nd16.11' x 12.50'Hardwood Floor, Closet, 5 Pc Ensuite
4th Br2nd11.91' x 12.47'Hardwood Floor, Closet, 5 Pc Ensuite
RecBsmt22.41' x 35.60'Broadloom, Above Grade Window, Separate Rm
Mississauga Market Statistics
Mississauga Price Trend
5198 Forest Ridge Dr is a 5-bedroom 6-bathroom home listed for sale at $2,899,000, which is $1,241,500 (74.9%) higher than the average sold price of $1,657,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Mississauga declined by $2,244,460 (57.5%) compared to the previous 30 day period (December 22 - January 20) and down $139,416 (7.8%) from the same time one year ago.
Inventory Change
There were 28 5-bedroom homes listed in Mississauga over the last 30 days (January 21 - February 19), which is up 40.0% compared with the previous 30 day period (December 22 - January 20) and down 0.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Mississauga typically sold ($135,266) (8.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $279,291 increase compared to the previous 30 day period (December 22 - January 20) and ($126,720) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Mississauga over the last 30 days (January 21 - February 19) stood at 32.1%, up from 25.0% over the previous 30 days (December 22 - January 20) and down from 42.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 6-bathroom home in Mississauga stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Sam Mcdadi Real Estate Inc.
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