4242 Petersburg Crescent, Mississauga, ON L4Z 2T3
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!
Living Room
Hardwood Floor, Pot Lights, Window
5 x 3.25
Ground
Dining Room
Hardwood Floor, Separate Room, Window
4.57 x 3.25
Ground
Kitchen
B/I Dishwasher, Breakfast Area, W/O To Sundeck
6 x 2.74
Ground
Family Room
Fireplace, Window, Hardwood Floor
5.25 x 3.5
Ground
Primary Bedroom
4 Pc Ensuite, Hardwood Floor, Walk-In Closet(s)
6.86 x 3.35
Second
Bedroom 2
Double Closet, Hardwood Floor, Window
4.57 x 3.05
Second
Bedroom 3
Double Closet, Hardwood Floor, Window
4.57 x 3.05
Second
Bedroom 4
Double Closet, Hardwood Floor
3.25 x 2.74
Second
Bedroom 5
Window, Laminate
3.34 x 3.16
Basement
Bedroom
Window, Laminate
2.43 x 3.97
Basement
Living Room
Laminate, W/O To Yard
4.26 x 6.63
Basement
Kitchen
4.08 x 3.49
Basement
Basement
Apartment
Bathrooms
1 × 2-piece — Main, 1 × 4-piece — Second, 1 × 3-piece — Second, 2 × 3-piece — Basement
Fireplace
Yes
Family room
No
Kitchens
2
Rooms (above / below grade)
8 above, 4 below
Approximate age
31-50
Architectural style
2-Storey
Construction materials
Brick, Concrete
Foundation
Brick, Concrete, Concrete Block, Steel Frame, Wood, Wood Frame
Roof
Shingles
Exterior features
Canopy, Deck, Landscaped, Lighting, Patio, Paved Yard, Privacy, Porch
Direction faces
North
Garage type
Attached
Garage spaces
2
Total parking spaces
6
Driveway parking
4
Parking features
Available
Lot size
40.08 x 105.16 ft
Cross street
Central Pkwy E & Rathburn Rd E
Directions
Central Pkwy E & Rathburn Rd E
Neighbourhood
Rathwood
Heating
Forced Air — Gas
Cooling
Central Air
Water
Sewer
Sewer
List price
$1,299,900
Original list price
Annual taxes
$8,453
Tax year
2026
Legal description
PCL 27-1, SEC M412 ; LT 27, PL M412 , T/W PT LT 13, CON 2, NDS, AS IN TT50803 ; MISSISSAUGA
Inclusions
Exclusions
MLS #
W13804832
Status
Active
Transaction type
For Sale
Property type
Residential Freehold
Property sub type
Detached
Days on market
List date
Possession
TBA
Occupancy
Owner+Tenant
Listing brokerage
RE/MAX ELEVATE
Co-listing brokerage
RE/MAX ELEVATE
$1,369,000
Median list price
33
Active listings
New in last 30 days
Median days on market
Estimated monthly payment
$6,232
Educational estimate only — actual payment depends on your lender, credit, and insurance requirements.
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