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For Sale
$2,249,000
Estimated monthly cost
$11,321/mo
20% down • 5.00% rate • 25 yr • incl. tax

2531 Morrison Avenue, Mississauga, ON L5C 3J6

Erindale
7
Beds
6
Baths
8
Parking
3,000–3,500 ft²
Size
Property type
Detached
Listed
43 Days
Annual taxes
$10,287 /yr (2025)
MLS® number
W13106760
Listing brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Description

Rare Opportunity in Highly Sought-After Huron Park! Fully Renovated Executive Detached Home Featuring Two Legal Self-Contained Basement Apartments Generating Approximately $4,000 Per Month ($48,000 Annually) in Rental Income. Ideal for families seeking mortgage-helper income, multi-generational living, or investors looking for a turnkey asset in one of Mississauga's most established neighborhoods. Situated on an exceptional 48 x 200 ft premium lot, this extensively updated home offers the perfect blend of lifestyle, flexibility, and long-term value. The legal income suites provide an exceptional opportunity to offset carrying costs while maintaining privacy and flexibility for owner-occupants. The main and upper levels showcase a beautifully renovated kitchen with custom cabinetry, a center island, a designer backsplash, modern lighting, engineered hardwood flooring, updated bathrooms, and fresh paint throughout. Major upgrades include an updated furnace, electrical panel, garage doors, window glass, custom blinds, lighting, and numerous additional improvements throughout the home. The two legal self-contained apartments with separate entrances provide immediate income potential while offering flexibility for extended family or multi-generational living. Conveniently located minutes from QEW, Highway 403, Square One, transit, schools, parks, and community amenities. Situated on a rare deep lot with future potential (buyer to conduct own due diligence). A turnkey opportunity combining luxury living, built-in income, and exceptional long-term value in a mature, high-demand Mississauga neighborhood. Thoughtfully designed with Vastu principles.

Property Details

Property
Style
2-Storey
Basement
Apartment Basement
Exterior Finish
Brick
Heating
Forced Air · Gas
Cooling
Central Air
Pool
None
Building Age
16–30 years
Parking
Garage Type
Attached
Total Parking
8
Land
Lot Size
48 × 201 ft
Sewer
Sewer
Listing
MLS® Number
W13106760
Listed Date
May 9, 2026
Last Updated
Jun 8, 2026

About Erindale

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Location

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$2,249,000
2531 Morrison Avenue, Mississauga, ON L5C 3J6

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) and PropTx under the Internet Data Exchange (IDX) program. The information is deemed reliable but is not guaranteed accurate by TRREB, PropTx, CREA or DistrictIQ Inc., Brokerage, may not reflect the most current status, and is subject to errors, omissions, prior sale, change, or withdrawal without notice. Listings should be independently verified.

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