A rare opportunity to own a fully renovated detached home in the highly sought-after East Credit community. Beautifully updated from top to bottom-inside and out-this exceptional property sits on a premium 74' x 115' corner lot, offering outstanding curb appeal and an abundance of outdoor space.Step inside to a bright and spacious open-concept layout designed for modern living. The main floor features an inviting living and dining area, a warm and welcoming family room with a stylish electric fireplace, and a dream kitchen complete with premium appliances, an oversized centre island, and ample cabinetry. Walk out to the professionally landscaped backyard, a private outdoor oasis perfect for relaxing or entertaining.The second floor offers a luxurious primary bedroom featuring a large walk-in closet and a beautifully renovated spa-inspired ensuite bathroom, along with two additional generously sized bedrooms, each with ample closet space.Adding incredible versatility, this home includes a separate nanny/in-law suite with its own kitchen and bedroom, making it ideal for extended family, guests, or multi-generational living. The fully finished basement further enhances the home's functionality with two additional bedrooms, a full kitchen, and flexible living space-perfect for extended family, recreation, or potential income opportunities.This exceptional home seamlessly blends comfort, style, functionality, and flexibility, making it a true turnkey property.Ideally located just minutes from Heartland Town Centre with quick access to major highways. Enjoy walking distance to parks, golf courses, top-rated schools, shopping, restaurants, and all the amenities East Credit has to offer.
3 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $526 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 1497 Bancroft Dr
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
4 spacesYes garage
Basement
Finished, Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished · Separate Entrance
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
1497 Bancroft Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W14122312$1,579,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 1497 Bancroft Dr Compares to the Mississauga Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$7,757
/mo
based on the purchase price of $1,579,000
$315,800 cash
$1,263,200 financed
$1,063,946 total interest
Principal54%$1,263,200
Interest46%$1,063,946
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Mississauga
Other 3–4 bed homes for sale in Mississauga around $1.6M.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings2,946Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with Apr 30 – Jul 29, 2026: prices up.
Based on 2,199 sales from Jul 29 – Oct 27, 2026 (1,613 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
Questions About 1497 Bancroft Dr
How much is 1497 Bancroft Dr listed for?
1497 Bancroft Dr is listed at $1,579,000 (MLS® W14122312). Summitly updates the price as soon as the MLS® record changes.
Is $1,579,000 a good price for 1497 Bancroft Dr?
Summitly rates it Excellent Deal: the asking price is 10% or more below Zara's estimate, an estimate built from recent sales in Mississauga. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 1497 Bancroft Dr changed?
No — 1497 Bancroft Dr is still listed at its original asking price of $1,579,000.
How many bedrooms and bathrooms does 1497 Bancroft Dr have?
1497 Bancroft Dr has 3 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a detached home in Mississauga.
How much would the monthly mortgage be on 1497 Bancroft Dr?
About $7,757 a month — principal and interest on $1,579,000 with 20% down ($315,800), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
Are there open houses at 1497 Bancroft Dr?
Yes — Saturday, October 31, 2:00 PM – 4:00 PM; Sunday, November 1, 2:00 PM – 4:00 PM. Open-house times come from the listing brokerage and can change, so check this page before you go, or book a private viewing.
How does 1497 Bancroft Dr compare with other homes in Mississauga?
Its asking price of $1,579,000 is about 79% above the median sold price in Mississauga over the last 90 days, $880,000, across 2,199 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 1497 Bancroft Dr been sold before?
Summitly has no earlier MLS® sale or lease of 1497 Bancroft Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 1497 Bancroft Dr?
1497 Bancroft Dr is in Mississauga, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 1497 Bancroft Dr been on the market?
1497 Bancroft Dr was listed today (October 27, 2026).
What is the price per square foot of 1497 Bancroft Dr?
About $451 to $526 per square foot: the asking price of $1,579,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 1497 Bancroft Dr have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
