4242 Petersburg Crescent, Mississauga, ON L4Z 2T3
Rathwood, Mississauga · Near Central Pkwy E & Rathburn Rd E · View map
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!
The home
- Type
- 2-storey detached home
- Style
- 2-Storey
- Square footage
- 2000-2500 sq ft
- Bedrooms
- 4
- Basement bedrooms
- 2
- Bathrooms
- 5
- Kitchens
- 2
- Rooms
- 8
- Basement
- Apartment
- Lot size
- 40.1 x 105.2 ft
- Faces
- North
- Approximate age
- 31-50 years
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
- Security
- Alarm System, Carbon Monoxide Detectors, Security System, Smoke Detector
- Exterior
- Brick, Concrete
Heating & cooling
- Heating fuel
- Gas
- Heating type
- Forced Air
- Air conditioning
- Central Air
- Fireplace
- Yes
Garage & parking
- Garage
- Attached
- Garage spaces
- 2
- Driveway spaces
- 4
- Total parking
- 6
- Parking features
- Available
Taxes & other
- Property taxes
- $8,453/yr
- Tax year
- 2026
- Occupancy
- Owner+Tenant
- Possession
- TBA
- Cross street
- Central Pkwy E & Rathburn Rd E
- Neighbourhood
- Rathwood
More
- Price per sq ft
- ~$662 (at 2,250 sq ft)
- MLS® number
- W13804832
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The home and its surroundings
- Fenced Yard
- Park
- River/Stream
- School
- Public Transit
- Canopy
- Deck
- Landscaped
- Lighting
- Patio
- Paved Yard
- Privacy
- Porch
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
4242 Petersburg Crescent, Mississauga, ON L4Z 2T3
Rathwood, Mississauga · Near Central Pkwy E & Rathburn Rd E
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Listing history for 4242 Petersburg Crescent
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 4242 Petersburg Crescent
Answers come straight from this home’s MLS® listing.
How much is 4242 Petersburg Crescent listed for, and what would it cost each month?
4242 Petersburg Crescent is listed for $1,488,888. With 20% down ($297,778), the mortgage payment would be roughly $6,006 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $6,710 a month, all in. That figure is an illustration, not a quote.
Is 4242 Petersburg Crescent freehold or a condo, and is there a monthly fee?
4242 Petersburg Crescent is a 2-storey detached home in Rathwood, Mississauga. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
How many bedrooms and bathrooms does 4242 Petersburg Crescent have?
4242 Petersburg Crescent has 4 bedrooms, plus 2 more bedrooms in the basement, and 5 bathrooms.
Does 4242 Petersburg Crescent have a garage and parking?
Yes. The listing shows the garage as attached, with room for 2 cars. The driveway adds 4 spaces. In total the listing counts 6 parking spaces.
Does 4242 Petersburg Crescent have a finished basement?
The listing describes the basement as apartment. It counts 2 bedrooms on that level. A listing description is not proof of a legal second unit, so confirm zoning and permits with the municipality before counting on rental income.
What style of home is 4242 Petersburg Crescent?
4242 Petersburg Crescent is a 2-storey detached home. A 2-storey detached house has its living space on the main floor and the bedrooms upstairs, on its own lot with no shared walls.
How big is 4242 Petersburg Crescent, and what is the lot size?
The listing puts the home between 2,000 and 2,500 sq ft. The board reports a range rather than an exact figure, and it usually leaves out the basement. The lot is listed as 40.1 x 105.2 ft.
How is 4242 Petersburg Crescent heated and cooled?
Heating is forced air (gas). Cooling is central air.
What are the property taxes for 4242 Petersburg Crescent?
Property taxes are $8,453 a year (2026), or about $704 a month.
Where is 4242 Petersburg Crescent?
4242 Petersburg Crescent is in the Rathwood community of Mississauga. The nearest main intersection is Central Pkwy E & Rathburn Rd E. The postal code is L4Z 2T3.
Is 4242 Petersburg Crescent still for sale?
Yes. It is an active listing (MLS® W13804832). Listings here update from the board through the day and come down once a home sells.
What are similar detached homes near 4242 Petersburg Crescent asking?
Similar detached homes for sale nearby right now include 4151 Rockwood Road at $1,449,850 (4 bed), 4021 Sasha Court at $1,428,880 (4+2 bed) and 1045 Mannington Lane at $1,549,000 (4+1 bed). These are asking prices, not sold prices. The Sold history tab shows what homes at this address went for.
What have homes at 4242 Petersburg Crescent sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 4242 Petersburg Crescent?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Similar detached homes nearby
More detached homes for sale near Rathwood, picked by style, size and price.
2-storey detached home$1,449,8504151 Rockwood Road, Mississauga4 bed · 4 bath · RathwoodCourtesy of: RE/MAX REALTY ENTERPRISES INC.View home →
2-storey detached home$1,428,8804021 Sasha Court, Mississauga4+2 bed · 4 bath · RathwoodCourtesy of: RE/MAX REALTY SPECIALISTS INC.View home →
2-storey detached home$1,549,0001045 Mannington Lane, Mississauga4+1 bed · 3 bath · RathwoodCourtesy of: ROYAL LEPAGE REAL ESTATE SERVICES LTD.View home →Courtesy of: RE/MAX ELEVATE
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.