7123 GILLESPIE Lane, Mississauga, ON

$1,398,900
MLS#:W12942874
4 beds
4 baths
2000-2500 sqft
2.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Meadowvale Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,398,900 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 4 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 2000-2500 sqft on a premium 90.03 x 82.02 ft lot
  • Features a full, finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Auto Garage Door Remote, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome To 7123 Gillespie Lane, Nestled In The Highly Sought-After Family Friendly Neighbourhood Of Gooderham Estates In Meadowvale Village. This Beautiful 2471 Sq Ft, 4 BedroomHome Plus A Professionally Finished Basement On A Large Premium Corner Lot Has Been LovinglyMaintained By The Original Owners For 25 Years.Step Through The Grand Front Entrance Of This Home And Enter The Elegant And Spacious Foyer.Standing In The Foyer You'll See An Absolutely Breathtaking Layout Featuring Soaring 9FtCeilings, A Stunning Custom Centre Hall Solid Wood Oak Staircase And An Open-Concept DesignFlooded With Natural Light. The Warmth And Beauty Of Hardwood Floors Through-Out The Main FloorWill Make You Never Want To Leave. The Kitchen With Granite Counters, Stainless SteelAppliances, Custom Backsplash And Double Undermount Stainless Steel Sink Is Every Chef's Dream.The Mudroom (Already Roughed In To Convert To A 2nd Laundry Room) At The Back Of The House IsPerfect For Family Members Coming In From The Garage And Backyard.Upstairs You'll Find The Primary (Master) Bedroom. Your Own Private Retreat, A Place Of RefugeWhere Opulence And Luxury Blends With Peace And Tranquility. The 5-Piece Ensuite With His AndHers Sinks, Deep Soaker Tub And A Separate Shower Is The Perfect Place To Begin And Finish EachDay.Three More Generous Sized Bedrooms And A Main 5-Piece Bathroom Completes The 2nd Floor.Downstairs You'll Find A Professionally Finished Basement With A Massive Recreation RoomFeaturing A Gas Fireplace, A 2nd Full Kitchen And Breakfast/Eating Area And A 3-Piece Bathroom.This Laneway Style Home Features A Detached 2-Car Garage With A Storage Loft In Addition To AVery Large Fenced-In Backyard With Interlock Patio For Dining/Entertaining And Ample Lawn AreaFor The Kids To Run Free And Play.Close To Hwy 401 & 407, Shopping, Restaurants, Parks & Walking Trails, Credit ValleyConservation, & Schools This Is The Perfect Home For Your Family.

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
2
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusPrice Change
Listed Date4/1/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFull, Finished
Lot Size90.03 × 82.02 Feet
CountyPeel
Annual Tax$8,994.61
Legal DescriptionLOT 120, PLAN 43M1322, MISSISSAUGA. S/T RIGHT IN FAVOUR OF MONARCH CON STRUCTION LIMITED UNTIL SUCH TIME AS THE SUBDIVISION HAS BEEN ACCEPTED BY THE CITY OF MISSISSAUGA, AS IN PR79989.

Parking & Garage

Parking Spaces2.0
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Greenbelt/Conservation, Park, School, School Bus Route

Interior Features

Auto Garage Door Remote, Central Vacuum

Security Features

Alarm System, Smoke Detector, Carbon Monoxide Detectors

Community Features

Location

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7123 GILLESPIE Lane, Mississauga, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 7123 GILLESPIE Lane, Mississauga, ON L5W 1E8

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mississauga.

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Interest Rate5.25%
Down Payment$279,780 (20.0%)
* Minimum Canadian down payment required for this price is $279,780.
Amortization Period25 Years
Estimated Monthly Payment$6,669Based on a loan of $1,119,120 over 25 years.
Purchase Price$1,398,900
Loan Amount$1,119,120
Provincial Land Transfer Tax:$24,453
Total Estimated Closing Taxes:$24,453

About Purchasing a Home in Mississauga, ON

For a property listed at $1,398,900 in Mississauga, the legal minimum down payment is $279,780 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $24,453 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $24,453.

Nearby Listings

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Meadowvale Village, Mississauga.

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$1,160,080

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
24%
Other households
6%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

St Veronica
Public680 Novo Star Drive, Meadowvale Village, Mississauga, Ontario, L5W 1C7
6.7
Le Flambeau
Public600 Novo Star Drive, Meadowvale Village, Mississauga, Ontario, L5W 1G4
7.8
St Julia
Public6770 Historic Trail, Meadowvale Village, Mississauga, Ontario, L5W 1J3
6.7
St Barbara
Public1455 Samuelson Circle, Meadowvale Village, Mississauga, Ontario, L5N 7Z2
8.3
Ange-Gabriel
Public1830 Meadowvale Boulevard, Mississauga, Ontario, L5N 7L2
6.8

Secondary Schools

St. Marcellinus
Catholic730 Courtneypark Drive West, Meadowvale Village, Mississauga, Ontario, L5W 1L9
7.9
Mississauga Secondary
Public550 Courtneypark Drive West, Meadowvale Village, Mississauga, Ontario, L5W 1L9
6.7
West Credit SS
PublicWest Credit Avenue, Mississauga, Ontario, L5N 7J9
0.9
St. Joseph
Catholic5555 Creditview Road, Streetsville, Mississauga, Ontario, L5V 2B9
8.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.