4242 Petersburg Crescent, Mississauga, ON L4Z 2T3

About this home

An Exceptional Opportunity in the Heart of Mississauga! Welcome to a truly special 4+2 bedroom residence situated on a premium 40' ravine lot in a peaceful crescent. For the first time in 29 years, this home is on the market! Looking for a modern home with a cottage-like feel, a walk-out basement apartment, and a peaceful creek-side backyard? This is the one! The home features a brand-new kitchen installed in April 2025, hardwood flooring throughout, including the basement, an elegant oak staircase, California shutters throughout, and a custom walk-in closet in the primary bedroom. The renovated walk-out basement apartment offers 2 bedrooms and 2 full bathrooms with large windows. It is currently rented for $1,800/month plus 40% utilities, with the seller willing to provide the property vacant. The kitchen opens onto a beautiful deck with a pergola, plus an additional deck below-perfect for entertaining and enjoying the peaceful backyard. Both yards are beautifully landscaped, with interlocking in the front and a picturesque running creek and cottage-like setting in the backyard. Ideally located within walking distance to Square One Shopping Centre, just a few blocks from Hwy 403, with easy access to transit connecting to Kipling Subway Station and Toronto. Pearson International Airport is approximately 15 minutes away. A rare opportunity to enjoy modern living with a cottage-like feel in the heart of Mississauga!

Home details

Days on market

Not reported

Property type

Detached

MLS® number

W13804832

Source status

Price Change

Bedrooms

6

Bathrooms

5

Postal code

L4Z 2T3

Kitchens

2

Kitchens above grade

1

Kitchens below grade

1

Family room / den

No

Interior size (reported range)

2000-2500

Lot depth

105.16 ft

Garage parking spaces

Not reported

Total parking spaces

6

Occupancy

Owner+Tenant

Possession type

90+ days

Garage

Attached

Annual property tax

8453.01

Basement

Apartment

Interior features

None

Exterior features

Canopy, Deck, Landscaped, Lighting, Patio, Paved Yard, Privacy, Porch

Architectural style

2-Storey

Parking features

Available

Pool features

None

Fireplace

Yes

Waterfront

No

Garage available

Yes

Heating system

Forced Air

Heating fuel

Gas

Cooling

Central Air

Sewer

Sewer

Direction facing

North

Construction materials

Brick, Concrete

Roof

Shingles

Foundation

Brick, Concrete, Concrete Block, Steel Frame, Wood, Wood Frame

MLS entry age (not confirmed DOM)

49 days

These details come from the listing source. Please confirm measurements and fees before making a decision.

Utilities and services

Sewer

Sewer

Heating system

Forced Air

Heating fuel

Gas

Cooling

Central Air

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.

Rooms & virtual tours

Bedrooms above grade

4

Bedrooms below grade

2

Rooms above grade

8

Rooms below grade

4

Den / family room reported

No

Reported counts are shown independently. Room dimensions have not been inferred from these counts.

Ask the listing brokerage for floor plans and measured room layouts.

Listing dates & price record

Asking amount

$1,488,888

1. Sep 18, 2026

   Original MLS entry

   Entry into the source MLS system; distinct from days on market.

Coverage varies by listing. Dates are source-reported calendar dates; only the latest reported asking-price change is shown. This is a partial record.

Estimate monthly costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Map and neighbourhood

Region / county

PEEL

Municipality

MISSISSAUGA

MLS® community

Rathwood