Exceptionally spacious and versatile 5-bedroom detached home with incredible income potential! This well maintained property features two self-contained basement units, each with 2 bedrooms, private entrances, and full kitchens-ideal for extended family, rental income, or mortgage support. Live comfortably in the main home while the basement units generate a significant portion of your mortgage payment. Perfect for investors or large families seeking flexibility and financial freedom. Located in a desirable neighborhood close to schools, transit, and amenities. Don't miss this rare opportunity to own a multi-income property in a prime location. This expansive and exceptionally spacious home offers the perfect blend of comfort, functionality, and income potential. Featuring 5 generously sized bedrooms, including two with private ensuites, the main residence is ideal for a large or growing family. The oversized kitchen provides ample room for cooking, gathering, and entertaining, while the beautiful family room with a wood-burning fireplace creates a warm and inviting space to relax. Adding tremendous value are two self-contained basement units, each offering 2 bedrooms, with separate shared laundry for downstairs tenants-perfect for extended family, guests, or rental opportunities. With abundant living space throughout and excellent income potential, this home is an outstanding option for a large family seeking comfort and flexibility, or for homeowners looking to offset expenses with additional rental income. Great for investors
Address
1527 Princelea Place
List Price
$1,499,000
MLS® Status
Sold Conditional
Expiration Date
2026-04-30
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Mississauga
Sub-Area
East Credit
Region
Peel
Bedrooms
9
Bedrooms (Total)
9
Rooms Above Grade
19
Bathrooms
6
Floor Area
3000-3500 Sq. Ft.
Lot Size Source
MPAC
Lot Depth
111.55
Lot Size Units
Feet
Lot Width
45.01
Parcel Number
131960167
Occupant Type
Vacant
Cross Street
Eglinton and Creditview
Approx. Age
16 - 30 Years
MLS® Number
W12705044
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Separate Entrance, Apartment
Postal Code
L5M 3N9
Posession Details
Flexible
Parking Places (Total)
5
Parking Spaces
3
Tax Amount
$8,850.00
Tax Year
2025
Interior Features
In-Law Suite
Cable
Available
Central Vacuum
No
Family Room
Yes
Hydro
Yes
Elevator
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Pending
Board Or Association
Toronto Regional Real Estate Board
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
UFFI
No
Direction Faces
North
Fireplace
Yes
Foundation Details
Concrete
Garage
Yes
Garage Type
Built-In
Covered Spaces
2
Kitchens Total
3
Kitchens Above Grade
3
Pool Features
None
Roof
Shingles
Tax Legal Description
Plan M642 Lot 6
Waterfront
No
Sewer
Sewer