5240 ELMRIDGE DRIVE, Mississauga (Central Erin Mills)
$2,699,999
For sale: Detached
- Property type
- Detached
- Bedrooms / bathrooms
- 5 bedrooms, 6 bathrooms
- Living area
- 5,000 sqft
- MLS®
- MLS® W13680412
- Neighbourhood
- Central Erin Mills
Absolutely stunning executive estate in prestigious Credit Mills, set on a premium 73.5' x 168' lot with over 6,000 sq.ft of finished living space and more than $300,000 in high-quality 2017 renovations. Designed for luxurious family living and elegant entertaining, this home showcases timeless craftsmanship, refined finishes, and thoughtful custom details throughout.The chef-inspired kitchen features premium Kitchen-Aid appliances, elegant finishes, and excellent functionality. A dramatic two-storey foyer with motorized crystal chandeliers creates a memorable first impression, while the open ceiling hallway captures beautiful backyard views. A private main-floor office with custom built-in shelves offers an ideal work-from-home space.All four bathrooms have been beautifully renovated with high-end finishes. The luxurious primary suite includes a spa-inspired ensuite and generous walk-in closet, while spacious secondary bedrooms offer convenient Jack-and-Jill access. Custom storage throughout the upper level and basement adds everyday practicality.The professionally finished basement is perfect for entertaining, with gas and electric fireplaces, an elegant wet bar, abundant storage, and versatile living areas. Outside, a resort-style backyard oasis features professional landscaping, extensive interlocking over a concrete base, a remote-controlled pergola with integrated lighting and automated privacy curtains, landscape lighting, and Wi-Fi-controlled sprinkler/irrigation.Additional highlights include extensive crown moulding, premium finishes, a 24/7 security system with eight cameras, a multi-zone alarm, parking for up to 12 vehicles, and an oversized three-car garage. Located in the sought-after John Fraser Secondary School catchment, minutes from top schools, Credit Valley Hospital, Erin Mills Town Centre, parks, and major highways, this exceptional residence offers luxury, comfort, and timeless elegance in one of Mississauga's most desirable neighbourhoods.
Sold data
Homes in Central Erin Mills — recent sold market
Homes in Central Erin Mills took a median of 28 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 49, across 90 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 52 days.
The median sale price was $847,450.
Homes sold for about 2.9% below asking on average, so there was room to negotiate.
About 19% of sales closed above the list price.
Around 22% of sellers reduced their price before finding a buyer.
- Median days to sell
- 28
- Median sale price
- $847,450
- Sale-to-list ratio
- 97.1%
- Sold above asking
- 19%
Based on 90 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Schools in Mississauga (Central Erin Mills)
Mississauga (Central Erin Mills) has 131 Fraser Institute–rated schools (96 elementary and 35 secondary), averaging 6.8/10.
- Rated schools
- 131
- Elementary
- 96
- Secondary
- 35
- Average rating
- 6.8 / 10
Top-rated schools in Mississauga (Central Erin Mills)
- AI-Manarat Heights — elementary, MississaugaFraser rating 10.0/10
- Kenollie — elementary, MississaugaFraser rating 10.0/10
- Khalsa Malton — elementary, MississaugaFraser rating 10.0/10
- Safa & Marwa Islamic — elementary, MississaugaFraser rating 10.0/10
- St Rose of Lima — elementary, MississaugaFraser rating 9.7/10
- Olive Grove — elementary, MississaugaFraser rating 9.5/10
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale
Homes for sale near 5240 ELMRIDGE DRIVE
$2,860,000
Detached5+253,500–5,000 sqft1436 HAIG BOULEVARD, Lakeview, Mississauga
$2,499,999
Detached563,500–5,000 sqft78 DAIRYMAID ROAD, Northwest Brampton, Brampton
$3,200,000
Detached5+163,500–5,000 sqft2075 SHAWANAGA TRAIL, Sheridan, Mississauga
$2,575,000
Detached5+163,000–3,500 sqft1081 OGDEN AVENUE, Lakeview, Mississauga
$2,688,000
Detached563,500–5,000 sqft14 JOYCE PARKWAY, Yorkdale-Glen Park, Toronto
$1,849,900
Detached6+253,500–5,000 sqft5221 ADOBE COURT, Churchill Meadows, Mississauga
$2,492,000
Detached553,500–5,000 sqft4215 ENNISCLARE DRIVE, 1041 - NA Rural Nassagaweya, Milton
$1,729,900
Detached7+263,500–5,000 sqft18 VINEYARD DRIVE, Bram West, Brampton