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Luxury Homes in Mississauga

Credit Pointe Real Estate

the most expensive homes in Mississauga – part 1

Credit Pointe HomesThe gates of Credit Pointe

The executive homes in Credit Pointe constitute one of Mississauga’s best kept real estate secrets – a small, luxurious enclave of upscale homes located in the heart of central Mississauga. Credit Pointe homes only come on the market occasionally, and when they do, they are usually snapped up almost immediately.

Location in Mississauga

Credit Pointe is tucked away in north central Mississauga, and is bounded by Eglinton Avenue to the north, Highway 403 to the south, an area parallel to Creditview Road to the east, and the Credit River and Mississauga Road to the west. Square One Shopping Centre is only a few minutes away by car, as is the Heartland shopping area, and the nearest GO Train station is Streetsville, also only a couple of minutes away.

disclosure: photos in this neighbourhood profile are for informational purposes only, and are not meant to imply that these properties are for sale.

typical detached home in Credit Pointe

large lots with mature trees

Neighborhood Characteristics

The best way to describe Credit Pointe is probably “affordable luxury”. The subdivision was built primarily during the late 1980’s and early 1990’s, when builders offered larger lots than the smaller ones that you get today. Credit Pointe consists of a mix of regular homes offering terrific value compared to newer subdivisions, plus larger executive homes located on premium lots, with double and sometimes even triple car garages. Credit Pointe is the type of neighborhood where many of the homes, even the more modest ones, have swimming pools. Credit Pointe can be recognized by the large sign posts at the stone gates which greet you when entering the area off of Eglinton Avenue.

Tree Lined Streets

The main street in Credit Pointe is a circular road known as Credit Pointe Drive, and there are numerous tree sheltered crescents which exit off of it. Streets in Credit Pointe include Inverness, Ravensmoor, Glastonbury, Hewick’s Lane, Flamborough, Netherly, and Ballantrae.

Although almost all of the homes in Credit Pointe are executive category, comparatively good real estate values can still be found here, especially when you consider that the neighborhood is so centrally located in Mississauga. Although several streets at the southern end of the circle command a high premium, especially those backing onto the Credit River wetlands, most of the subdivision provides surprisingly good values for the sort of market we are in. In addition to the streets mentioned above, there is also Wellsborough Place, Tillingham Gardens, and Covington Terrace – three of the wetlands located streets, and all three command top prices, with most properties selling in the million dollar plus range. Turnover on these streets, as we will soon see, is very low.

large detached homes in Credit Pointe

executive homes in Credit Pointe from 3000 square feet and up

 

Detached Homes

Credit Pointe is a freehold detached area – there are no condominiums, townhouses, or semi-detached homes to be found here.

luxury homes in Credit Pointe

lavish landscaping in Credit Pointe

 

Real Estate Prices

Real estate in Credit Pointe has proven to be a good investment, with prices appreciating steadily, buoyed by a dynamic Mississauga economy, low interest rates, and continued immigration into the GTA. Turnover is fairly low – most people seem to want to stay once they live here. There were a total of only 10 sales processed through the Toronto Real Estate Board MLS throughout 2018:

AddressAsking PriceSold DateBedsBaths
4230 Credit Pointe Dr$739,90009/21/1834
4182 Credit Pointe Dr$759,90011/09/1834
4236 Credit Pointe Dr$875,00008/04/183+14
1667 Flamborough$970,00008/03/1843
4584 Glastonbury$999,88803/19/184+24
4598 Inverness$1,480,00008/22/1844
4368 Credit Pointe Dr$1,489,90003/15/1844
1689 Covington$1,699,90007/23/1844
1689 Covington$1,700,00003/26/1844
4580 Hewick’s Lane$2,590,00004/27/184+26

Some additional stats for Credit Pointe in 2018:

Average asking price – $1,329,409

Average selling price – $1,266,550

Percentage selling price to asking price – 96%

Average days on the market (time it took to sell) – 24

You can see from the above numbers that there is a nice mix of affordable, and super luxury homes in this pocket of Mississauga.  The lower prices on the chart are for smaller homes by square footage, and you can see that the entry prices into this subdivision are relatively attractive – hence the tag “affordable luxury”. Prices generally increase as the size of the property increases, so there is plenty of room for upgrading.

I hope you have enjoyed my short profile and review of the fine homes of Credit Pointe. This is the first in a series of articles that will feature reviews and photos of the luxury neighborhoods of Mississauga.

Interested in the luxury homes of Credit Pointe?  Find out the key things you need to know when buying or selling a house in this wonderful neighbourhood, and get access:

  • active listings of all homes for sale
  • photos, floor plans, and virtual tours
  • information on nearby schools
  • neighbourhood shopping
  • transit options

“Get the Information You Need to Make an Informed Decision”

Click here: Your Real Estate Agent in Mississauga 

Current Credit Pointe Homes for Sale


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Part 1: The Most Expensive Neighbourhoods in Mississauga

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Summary
Credit Pointe Homes
Article Name
Credit Pointe Homes
Description
Overview of Credit Pointe, an area of luxury homes in Mississauga, Ontario. Reviews real estate market prices, current homes for sale, schools, neighborhood amenities.
Author
Publisher Name
Randy Selzer
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