5481 Festival Dr
Churchill Meadows, Mississauga, Ontario L5M 0G6
- Bedrooms
- 3+1
- Bathrooms
- 4
- Size
- 1,500–2,000sq ft
- Per sq ft
- $565at the range’s middle
- Lot
- 22.31 x 104.99 ft
- Tax a year
- $6,4192026 tax year
- Parking
- 22 detached
- Days on market
- Members
The brief
About 5481 Festival Dr
5481 Festival Dr is a 3+1-bedroom, 4-bathroom semi-detached house in Churchill Meadows, Mississauga, listed for sale at an asking price of $988,888 (MLS® W14118878).
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.
Insights
Condition Score
Good68/1006 condition-related facts documented
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall33/100−$1,347/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 semi-detached homes with 4 bedrooms for lease in Churchill Meadows right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,419 / 2026
- MLS® number
- W14118878
- Board
- TRREB MLS®
- Property Type
- Semi-Detached
- Days on market
- Size
- 1500-2000 sqft
- Lot Size
- 22.31 x 104.99 ft
- Listed on
- Parking
- 2 Detached, 2 Parking
Property details
Property
- Property Type
- Semi-Detached
- Style
- 2-Storey
- Community
- Churchill Meadows
- Municipality
- Mississauga
Building
- Size
- 1500-2000 sqft
- Construction
- Brick
Inside
- Bedrooms
- 3+1
- Bathrooms
- 4
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc 2nd, 1 × 4pc 2nd, 1 × 3pc Bsmt
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Lane
- Garage Type
- Detached
- Garage
- 2
- Additional Parking
- 0
- Total Parking
- 2
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 22.31 ft
- Depth
- 104.99 ft
- Lot Size
- 22.31 x 104.99 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- No
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- SS Fridge, Stove, Over the range Microwave, B/I SS Dish Washer, Washer & Dryers, Basement Fridge, Microwave, All ELFs and Window Coverings, Garage door remote.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.36 × 7.32 m | hardwood floor, Combined W/Dining | Main |
| Dining | 3.36 × 7.32 m | hardwood floor, Combined W/Living | Main |
| Kitchen | 2.75 × 5.19 m | Granite Counter, Centre Island, Family Size Kitchen | Main |
| Breakfast | 3.36 × 5.19 m | Ceramic Floor, Open Concept | Main |
| Primary | 3.6 × 4.58 m | Broadloom, 4 Pc Ensuite, W/I Closet | 2nd |
| 2nd Br | 3.36 × 5.19 m | Broadloom, W/I Closet | 2nd |
| 3rd Br | 2.53 × 3.05 m | Broadloom, Closet | 2nd |
| 4th Br | 0.0 × 0.0 m | Broadloom, Closet | Bsmt |
Listing history
Buy/sell history for 5481 Festival Dr, Mississauga, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $988,888 | N/A | For Sale | W14118878 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $197,778
- Total mortgage amount
- $791,110
- Total interest payment
- $562,490
- Total purchase cost
- $1,551,378
- Mortgage payment
- $4,512/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
44%Monthly carrying cost
$5,047- Rent $3,700
- Shortfall $1,347
Rental income opens at $3,700, the median asking rent of 7 comparable homes for lease in Churchill Meadows. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $16,253
- Total land transfer tax
- $16,253
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $12,253
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $988,888
- $11,778
- Ontario total
- $16,253
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 2,342 sq ft218 m²
- Street frontage
- 22.31 ft6.8 m
- Depth
- 104.99 ft32 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Credit Valley Conservation’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
- Groundwater recorded about 1.7 m below ground nearbyThe middle water level in the well records within 500 m (9 records). It changes with the season and from spot to spot.500 m
Credit Valley Conservation · Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Genpak, Division of Great Pacific Enterprises LP — GENPAK MISSISSAUGA, 2.8 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 60 m awayFixed wireless up to 25/5 Mbps. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (60 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.60 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications, Standard Broadband. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Credit Valley Conservationor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under Credit Valley Conservation Open Data Licence v1.0.
The market
Semi-detached homes for sale in Churchill Meadows right now
- For sale now
- 19
- Median asking price
- $989K
- New in 7 days
- 2
- Price cuts
- 26%
Middle half: $922K to $1.03M
9 in 28 days
5 listings
This home is asking at the median.
See all homes in Churchill MeadowsAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Winston Churchill Station | MiWay bus rapid transit: Transitway | 2.5 km |
| Erin Mills Station | MiWay bus rapid transit: Transitway | 3.1 km |
| Streetsville GO | GO Transit train: Milton | 3.3 km |
| Meadowvale GO | GO Transit train: Milton | 4.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; MiWay schedule data (GTFS) from the City of Mississauga under the City of Mississauga Terms of Use, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. MiWay's schedule data is publicly available from the City of Mississauga under its Terms of Use.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| McKinnon Public SchoolPeel DSB | Public · grades JK–5 | 600 m | 79%Grade 3 average |
| St. Bernard of Clairvaux Catholic Elementary SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 850 m | 81%Grade 6 average |
| Churchill Meadows Public SchoolPeel DSB | Public · grades JK–6 | 900 m | 74%Grade 3 average |
| ÉÉC MississaugaConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 2.3 km | — |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Applewood Acres Secondary SchoolPeel DSB | Public · grades 9–12 | 500 m | — |
| Stephen Lewis Secondary SchoolPeel DSB | Public · grades 9–12 | 500 m | 51%Grade 9 math |
| St. Joan of Arc Catholic Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 750 m | 70%Grade 9 math |
| ÉSC Sainte-FamilleConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 6.7 km | 67%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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Sold prices in Churchill Meadows are shown to signed-in members.