Welcome to this impressive executive home, ideally situated on a desirable corner lot in Mississauga. Offering approximately 3,050 sq. ft. of beautifully appointed living space, this residence combines spacious principal rooms, elegant finishes, and a thoughtful layout designed for both everyday family living and entertaining. The main floor features hardwood flooring throughout, a welcoming living room, formal dining room, private library, and a spacious family room. At the heart of the home is the generous eat-in kitchen, complete with a walkout to the backyard-perfect for morning coffee, family gatherings, and seamless indoor-outdoor living.Upstairs, discover four well-appointed bedrooms, including a spacious primary retreat featuring a luxurious 5-piece ensuite and large walk-in closet. Three bedrooms are complemented by ensuite bathrooms, offering exceptional comfort and privacy for family members and guests.The finished basement provides additional versatile living space, ideal for a recreation room, home theatre, gym, office, or play area. A rough-in for an additional bathroom adds excellent potential for future customization.Set on a corner lot with generous proportions throughout, this exceptional home offers the space, functionality, and elegance expected of an executive residence. **Newer windows, roof, and kitchen updates**
4 bedrooms, 3 bathrooms, about 3,000 sq ft, works out to roughly $550 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 5423 Loonlake Ave
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
Features & systems
Parking & garage
Garage
Yes
Parking spaces
4
Interior
Basement
Finished
Lot & land
Lot size (sqft)
0
Listing & possession
Property style
2-Storey
Property class
Detached
5423 Loonlake Ave Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13736170$1,649,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 5423 Loonlake Ave 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
$8,101
/mo
based on the purchase price of $1,649,000
$329,800 cash
$1,319,200 financed
$1,111,113 total interest
Principal54%$1,319,200
Interest46%$1,111,113
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.
For homeowners nearby
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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 4–6 bed homes for sale in Mississauga around $1.6M.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.7%On average, homes sold below asking.
Active listings2,960Homes for sale here right now.
Median vs prior 90 days+0.6%Compared with Apr 26 – Jul 25, 2026: prices up.
Based on 2,130 sales from Jul 25 – Oct 23, 2026 (1,594 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
5423 Loonlake Ave is listed at $1,649,000 (MLS® W13736170). Summitly updates the price as soon as the MLS® record changes.
Is $1,649,000 a good price for 5423 Loonlake Ave?
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 5423 Loonlake Ave changed?
No — 5423 Loonlake Ave is still listed at its original asking price of $1,649,000.
How many bedrooms and bathrooms does 5423 Loonlake Ave have?
5423 Loonlake Ave has 4 bedrooms and 3 bathrooms, with about 3,000–3,500 square feet of living space. It is a detached home in Mississauga.
Is 5423 Loonlake Ave close to transit?
The nearest rapid-transit station is Streetsville GO Station (Milton GO), about 2.3 km in a straight line. Erindale GO Station is about 3.3 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 5423 Loonlake Ave?
About $8,101 a month — principal and interest on $1,649,000 with 20% down ($329,800), 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.
How does 5423 Loonlake Ave compare with other homes in Mississauga?
Its asking price of $1,649,000 is about 87% above the median sold price in Mississauga over the last 90 days, $880,000, across 2,130 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 5423 Loonlake Ave been sold before?
Summitly has no earlier MLS® sale or lease of 5423 Loonlake Ave on record from the last two years. Older records aren't shown under TRREB rules.
Where is 5423 Loonlake Ave?
5423 Loonlake Ave is in Mississauga, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 5423 Loonlake Ave been on the market?
51 days — 5423 Loonlake Ave was listed on September 2, 2026.
What is the price per square foot of 5423 Loonlake Ave?
About $471 to $550 per square foot: the asking price of $1,649,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 5423 Loonlake Ave have parking or a garage?
Yes — the listing gives 4 parking spaces. Garage: Yes.
