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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, 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 trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale Listed 2 days ago

    540 Louis Drive

    Cooksville·Mississauga, ON··

    • 4 beds
    Mississauga real estate›W13602468
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Set on a highly desirable 50' x 120' lot in an established Cooksville neighbourhood, 540 Louis Drive offers the space, layout and long-term value increasingly difficult to find in central Mississauga. Proudly owned by the same family for more than 35 years, this substantial four bedroom detached home is well maintained and very livable today, while offering an excellent opportunity to update over time and make it your own. The main floor features generous living and dining rooms, an eat-in kitchen, a separate family room with fireplace and backyard access, and a convenient powder room. Upstairs are four well-proportioned bedrooms, including a spacious primary bedroom with a private ensuite, plus a second full bathroom. A separate side entrance provides access to the expansive lower level, offering additional living space and excellent future flexibility. Outside, the large, flat and fully fenced pool-sized backyard is a true highlight, with abundant room for children, entertaining, gardening and future possibilities. Complete with a double garage and private driveway. Ideally located close to Huron Park, schools, recreation, shopping and major routes, with convenient access to transit and Cooksville GO. A compelling opportunity to secure a large family home on an exceptional lot in a desirable central Mississauga location.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 23, 2026ListedCurrentFor sale$1,269,000 —W13602468This page
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Central Air
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 540 Louis Drive
    What's nearby

    Points of interest classified by the MLS® feed.

    • Fenced Yard
    • Hospital
    • Park
    • Public Transit
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $6,234
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $677
    0.64% mill rate · ON
    The market

    How this home sits in the Mississauga market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Mississauga market right now

    Average sold price, days on market, and closed-transaction count for Mississauga — sourced from MLS®.

    • Avg sold price
      $975,858
      Last 30 days
    • Median sold price
      $880,500
      Middle of the market
    • Days on market
      30 d
      Avg from list to close
    • Closed last 30d
      1,528
      MLS® transactions
    Full Mississauga market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 540 Louis Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 540 Louis Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 540 Louis Drive listed for?

      540 Louis Drive is listed at $1,269,000 on the MLS® (listing W13602468). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 540 Louis Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. 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.

  1. 4 baths
  2. 2000-2500 sqft
  3. Detached
  4. Asking
    $1,269,000
    $0 / sqft · MLS® W13602468
    Chat Zara
  5. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,151,512
    $1,059,391Confidence range$1,243,633
    Asking vs estimate
    ↑above
    +$117,488
    (+10.2%)
    Asking is above estimate
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 4 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Mississauga sell in about 30 days — this one has been listed 2 days.

    Avg sold price
    $975,858
    Median sold
    $880,500
    Avg days on market
    30
    Recently sold
    1528
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    • Set on a highly desirable 50' x 120' lot in an established Cooksville neighbourhood, 540 Louis Drive offers the space, layout and long-term value increasingly difficult to find in central Mississauga.
    • The main floor features generous living and dining rooms, an eat-in kitchen, a separate family room with fireplace and backyard access, and a convenient powder room.
    • Outside, the large, flat and fully fenced pool-sized backyard is a true highlight, with abundant room for children, entertaining, gardening and future possibilities.
    • Ideally located close to Huron Park, schools, recreation, shopping and major routes, with convenient access to transit and Cooksville GO.
    Ask Zara a follow-up
    Sewer
  6. Parking & garage

    4
    Garage
    Attached
    Garage spaces
    2
    Parking spaces
    6
    Driveway
    Private Double
  7. Interior

    4
    Basement
    Apartment, Finished
    Family room
    Y
    Kitchens
    1
    Total rooms
    10
  8. Exterior & construction

    4
    Exterior
    Brick
    Roof
    Asphalt Shingle
    Foundation
    Concrete
    Pool
    None
  9. Listing & possession

    4
    Possession
    2026-10-31T00:00:00.000-00:00
    Occupancy
    TBD
    Property style
    2-Storey
    Property class
    Detached
  10. School
  11. School Bus Route
  12. Combined estimate
    $6,911
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $6,234
    /mo
    based on the purchase price of $1,269,000
    $253,800 cash
    $1,015,200 financed
    $855,065 total interest
    Monthly payment$6,234/ month
    Principal54%$1,015,200
    Interest46%$855,065

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Mississauga

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 208 Kingsbridge Garden Circle
      Sold
      Sign in for price
      208 Kingsbridge Garden Circle
      Detached
    • 4070 Pavillion Court
      Sold
      Sign in for price
      4070 Pavillion Court
      Detached
    • 2560 Rugby Road
      Sold
      Sign in for price
      2560 Rugby Road
      Detached
    • 4330 Spinningdale Court
      Sold
      Sign in for price
      4330 Spinningdale Court
      Detached
    • 6240 Snowflake Lane
      Sold
      Sign in for price
      6240 Snowflake Lane
      Detached
    • 1054 Veroli Court
      Sold
      Sign in for price
      1054 Veroli Court
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    540 Louis DriveThis home4 / 420,002,500$1,269,000ask———
    208 Kingsbridge Garden Circle3 / 31,500—
    4070 Pavillion Court3 / 41,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Mississauga

    Active listings within ±20% of this asking price.

    • 4021 Sasha Court
      $1,299,990
      4021 Sasha Court
      Detached 4 4
    • 1282 Daimler Road
      $1,375,000
      1282 Daimler Road
      Detached 3 2
    • 3841 Edgecliffe Run
      $1,375,000
      3841 Edgecliffe Run
      Detached 4 4
    • 1761 Coram Crescent
      $1,399,000
      1761 Coram Crescent
      Detached 3 2
    • 891 STONEBRIDGE Avenue
      $1,390,000
      891 STONEBRIDGE Avenue
      Detached 4 5
    • 29 Ellesboro Drive
      $1,236,800
      29 Ellesboro Drive
      Detached 3 2
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  13. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  14. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  15. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  16. Public listing courtesy of RE/MAX WEST REALTY INC. · displayed on Summitly per MLS® data-share rules

    540 Louis Drive is a 4-bedroom, 4-bath, 2000-2500 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  17. When was 540 Louis Drive built?

    The year built for 540 Louis Drive isn't published in this MLS® feed — ask a Summitly realtor for the construction year from the seller's disclosure.

  18. What is the property tax for 540 Louis Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for 540 Louis Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  19. How much would the monthly mortgage be on 540 Louis Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,269,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  20. Has 540 Louis Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 540 Louis Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  21. What neighbourhood is 540 Louis Drive in?

    540 Louis Drive is in Cooksville, Mississauga. The 'Neighbourhood' section below links to the live Mississauga real estate hub with average sold price, days on market, and current inventory.

  22. Is Mississauga a good place to live?

    Mississauga is one of ON's actively-tracked Summitly markets. The full Mississauga real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  23. 2560 Rugby Road
    4 / 3
    2,000
    —
    4330 Spinningdale Court5 / 43,500—
    6240 Snowflake Lane3 / 31,500—
    1054 Veroli Court3 / 32,000—