Luxury Homes in Mississauga
Credit Pointe Real Estate
the most expensive homes in Mississauga – part 1
The 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.
large lots with mature trees
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.
executive homes in Credit Pointe from 3000 square feet and up
Credit Pointe is a freehold detached area – there are no condominiums, townhouses, or semi-detached homes to be found here.
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:
|Address||Asking Price||Sold Date||Beds||Baths|
|4230 Credit Pointe Dr||$739,900||09/21/18||3||4|
|4182 Credit Pointe Dr||$759,900||11/09/18||3||4|
|4236 Credit Pointe Dr||$875,000||08/04/18||3+1||4|
|4368 Credit Pointe Dr||$1,489,900||03/15/18||4||4|
|4580 Hewick’s Lane||$2,590,000||04/27/18||4+2||6|
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
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Current Credit Pointe Homes for Sale
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Part 1: The Most Expensive Neighbourhoods in Mississauga