5481 Festival Dr, Mississauga

Name: 5481 Festival Drive
SKU: W14118878
Price: 988888 CAD
Availability: InStock

3 Bed, 3 Bath Semi-Detached Home in Mississauga

About 5481 Festival Drive

Discover the warmth and charm of this beautiful & bright semi-detached home in vibrant Churchill Meadows, one of Mississauga's most desirable family neighbourhoods. This 3+1 bedroom & 4 washroom features vibrant sunsets pouring into the formal/ dining and family room, The gourmet kitchen showcases porcelain floors, a stylish island, stainless steel appliances, and abundant storage. A spacious living room overlooks the backyard and includes a cozy fireplace, creating the ideal gathering space for family and friends. Upstairs, you'll find three generous bedrooms, including a large primary retreat with a dreamy 4-piece ensuite and a walk-in closet. The fully finished basement extends the living space with a dedicated office, a family room, and an additional bedroom complete with its own kitchen and 3-piece bathroom - perfect for an in-law suite or extended family. The perfect space to relax, entertain, and enjoy warm summer nights. Located steps to top-rated schools, and just minutes to Erin Mills Town Centre, Credit Valley Hospital, and Hwy 403/407, this home offers exceptional comfort, convenience, and lifestyle.

3 bedrooms, 3 bathrooms, about 1,500 sq ft, works out to roughly $659 per square foot, the bed-to-bath ratio is generous. Chat with Zara if you'd like a deeper read on whether this semi-detached fits your budget and timing.

Inside 5481 Festival Dr

Every detail from the listing, in one place.

Type: Semi-Detached
Style: 2-Storey
Living space: 1500-2000 sq ftas stated on the listing
Lot size: 22.31 x 104.99 Feet
Parking: 2 spacesYes garage
Basement: Finished, Separate Entrance

Features & systems

Parking & garage

Garage: Yes
Parking spaces: 2

Interior

Basement: Finished · Separate Entrance

Lot & land

Lot dimensions: 22.31 x 104.99 Feet
Lot size (sqft): 0

Listing & possession

Property style: 2-Storey
Property class: Semi-Detached

5481 Festival Dr Price & Sale History

Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.

Oct 26, 2026For saleListedThis listingMLS® W14118878$988,888

Sourced from MLS®. Includes earlier listings of this property on record.

What's it worth?

How 5481 Festival Dr Compares to the Mississauga Market

Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.

Zara’s estimate

Fair Price· based on 3,827 recent sales

Value your own home →How accurate are Zara’s estimates?

Summitly estimate, not from TRREB, the MLS® or the listing brokerage. Not an appraisal. How it works

Mississauga market, last 90 days

Median sold price: $880,000
Average sold price: $947,525
Average days on market: 33
Homes sold: 2,199

Closed sales on the TRREB MLS®.

Full Mississauga market report

Market pulse · Mississauga

Mississauga market

Median sold price$880,000Last 90 days
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings2,964Homes 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.

Recently sold nearby in Mississauga

Sold prices are shown free to signed-in members, as board rules require.

6 nearby sales vs. this home

Closed sales from MLS®, compared with this home's asking price.

See what these homes actually sold for

Free with a Summitly account. Sign in once and sold prices unlock across the site.

Home	Sold price	$ / sqft	% of asking	Sold
This home5481 Festival Drive 3 bd · 3 ba · 1,500 sqft	$988,888asking	$659	—	—
2501 Cobbinshaw Circle 3 bd · 2 ba · 1,100 sqft
1226 Azinger Lane 3 bd · 3 ba · 2,000 sqft
7334 Lowville Heights 3 bd · 4 ba · 1,100 sqft
2554 Cobbinshaw Circle 3 bd · 2 ba · 1,500 sqft
912 Blairholm Avenue 4 bd · 3 ba · 1,500 sqft
7306 Sills Road 4 bd · 1 ba · 1,100 sqft

2501 Cobbinshaw Circle
3 bd · 2 ba · 1,100 sqft
1226 Azinger Lane
3 bd · 3 ba · 2,000 sqft
7334 Lowville Heights
3 bd · 4 ba · 1,100 sqft
2554 Cobbinshaw Circle
3 bd · 2 ba · 1,500 sqft
912 Blairholm Avenue
4 bd · 3 ba · 1,500 sqft
7306 Sills Road
4 bd · 1 ba · 1,100 sqft

Living in Mississauga: Location & Amenities

Transit, schools, parks and everyday places near this home. Select any place to open it on Google Maps.

Transit nearby

Stations and stops, straight-line distance

Streetsville GO StationMilton GO3.3 km
Meadowvale GO StationMilton GO4.9 km

Places from OpenStreetMap (© OpenStreetMap contributors) and Summitly's station list. Distances are straight-line, not routes.

Loading schools, parks, groceries and more nearby…

Transit

Streetsville GO Station (Milton GO)3.3 km
Meadowvale GO Station (Milton GO)4.9 km

Nearest subway, GO and LRT stations first, then bus and streetcar stops.

Streetsville GO Station
3.3 kmClosest· Milton GO
Homes near Streetsville GO Station
Meadowvale GO Station
4.9 km· Milton GO
Homes near Meadowvale GO Station

Straight-line distances from the listing; walking times assume about 80 m a minute. Places © OpenStreetMap contributors, a community-maintained map that may miss or misplace some places. Directions and place details open on Google Maps.

How long is your commute?

From 5481 Festival Dr. Typical times without traffic delays; transit times aren't available yet.

Costs, Mortgage & Rental Return for 5481 Festival Dr

What it could cost each month, today's rates from our mortgage partner, and what it could return as a rental.

Mortgage: $4,858; 20% down · 25 years · 5.5% assumed
Property tax: $544; 0.66% mill rate · ON
Total per month: $5,402; Before utilities, insurance and fees

Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.

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Monthly cost

Enter a rate to see the monthly cost

Down payment

Rate (%)

Years

An estimate, not a quote. Utilities and insurance are extra.

Affordability calculator

Estimated monthly payment

$4,858

/mo

based on the purchase price of $988,888

Down payment20%

$197,778 cash

Amortization25 yr

$791,110 financed

Rate5.50%

$666,322 total interest

Principal54%$791,110

Interest46%$666,322

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

Want rate-drop alerts and a saved shortlist?

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.

Book a tour of 5481 Festival Dr with a licensed buyer's agent

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Zara · AI virtual agent

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A licensed local agent

Your agent shows you the home, checks the paperwork and negotiates your offer, on your side, not the seller's.

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Questions About 5481 Festival Dr

How much is 5481 Festival Dr listed for?

5481 Festival Dr is listed at $988,888 (MLS® W14118878). Summitly updates the price as soon as the MLS® record changes.

Is $988,888 a good price for 5481 Festival Dr?

Summitly rates it Fair Price: the asking price is Within 3% below to 5% above 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 5481 Festival Dr changed?

No — 5481 Festival Dr is still listed at its original asking price of $988,888.

How many bedrooms and bathrooms does 5481 Festival Dr have?

5481 Festival Dr has 3 bedrooms and 3 bathrooms, with about 1,500–2,000 square feet of living space. It is a semi-detached home in Mississauga.

Is 5481 Festival Dr close to transit?

The nearest rapid-transit station is Streetsville GO Station (Milton GO), about 3.3 km in a straight line. Meadowvale GO Station is about 4.9 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.

How much would the monthly mortgage be on 5481 Festival Dr?

About $4,858 a month — principal and interest on $988,888 with 20% down ($197,778), 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 5481 Festival Dr compare with other homes in Mississauga?

Its asking price of $988,888 is about 12% 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 5481 Festival Dr been sold before?

Summitly has no earlier MLS® sale or lease of 5481 Festival Dr on record from the last two years. Older records aren't shown under TRREB rules.

Where is 5481 Festival Dr?

5481 Festival Dr is in Mississauga, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.

How long has 5481 Festival Dr been on the market?

1 day — 5481 Festival Dr was listed on October 26, 2026.

What is the price per square foot of 5481 Festival Dr?

About $494 to $659 per square foot: the asking price of $988,888 over the 1,500–2,000 sq ft the listing gives as its size range.

Does 5481 Festival Dr have parking or a garage?

Yes — the listing gives 2 parking spaces. Garage: Yes.

What you should know

3 Bed, 3 Bath Semi-Detached Home in Mississauga

About 5481 Festival Drive

Inside 5481 Festival Dr

Features & systems

5481 Festival Dr Price & Sale History

How 5481 Festival Dr Compares to the Mississauga Market

Mississauga market, last 90 days

Recently sold nearby in Mississauga

Living in Mississauga: Location & Amenities

How long is your commute?

Costs, Mortgage & Rental Return for 5481 Festival Dr

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Festival Drive? See what yours is worth

Zara, any time

A licensed local agent

See 5481 Festival Dr, Mississauga in person

Similar homes for sale nearby in Mississauga

Explore More Semi-Detached Homes in Mississauga

3 Bed, 3 Bath Semi-Detached Home in Mississauga

About 5481 Festival Drive

Inside 5481 Festival Dr

Features & systems

5481 Festival Dr Price & Sale History

How 5481 Festival Dr Compares to the Mississauga Market

Mississauga market, last 90 days

Market pulse · Mississauga

Recently sold nearby in Mississauga

Living in Mississauga: Location & Amenities

Transit nearby

Transit

How long is your commute?

Costs, Mortgage & Rental Return for 5481 Festival Dr

Monthly cost of owning

Mortgage payments

Monthly cost

Rental income potential

Own a home on Festival Drive? See what yours is worth

Zara, any time

A licensed local agent

See 5481 Festival Dr, Mississauga in person

Questions About 5481 Festival Dr

How much is 5481 Festival Dr listed for?

Is $988,888 a good price for 5481 Festival Dr?

Has the price of 5481 Festival Dr changed?

How many bedrooms and bathrooms does 5481 Festival Dr have?

Is 5481 Festival Dr close to transit?

How much would the monthly mortgage be on 5481 Festival Dr?

How does 5481 Festival Dr compare with other homes in Mississauga?

Has 5481 Festival Dr been sold before?

Where is 5481 Festival Dr?

How long has 5481 Festival Dr been on the market?

What is the price per square foot of 5481 Festival Dr?

Does 5481 Festival Dr have parking or a garage?

Similar homes for sale nearby in Mississauga

Explore More Semi-Detached Homes in Mississauga

Market pulse · Mississauga

Transit nearby

Transit

Questions About 5481 Festival Dr

How much is 5481 Festival Dr listed for?

Is $988,888 a good price for 5481 Festival Dr?

Has the price of 5481 Festival Dr changed?

How many bedrooms and bathrooms does 5481 Festival Dr have?

Is 5481 Festival Dr close to transit?

How much would the monthly mortgage be on 5481 Festival Dr?

How does 5481 Festival Dr compare with other homes in Mississauga?

Has 5481 Festival Dr been sold before?

Where is 5481 Festival Dr?

How long has 5481 Festival Dr been on the market?

What is the price per square foot of 5481 Festival Dr?

Does 5481 Festival Dr have parking or a garage?