$6.5M Ontario 'cottage in the city' is sitting on a whopping two acres of land

Tucked into the ultra-leafy Mississauga enclave of Mineola West, 1520 Pinetree Cres. is basically the heritage mansion of your dreams — with a side hustle as a development opportunity.

Let me explain.

This estate comes with nearly two acres of land and a jaw-dropping 340 feet of private Credit River frontage. 

Credit River. 

That is the kind of stat that makes waterfront cottage owners jealous and the Papousek team realtors 100 per cent justified in calling this a "cottage in the city."

Credit Valley stones were used to build the exterior of the house. 

The house itself is no new-build impersonator. The 7,000-square-foot residence dates back to 1925, originally built from natural Credit Valley stone as a summer retreat for a Rosedale family, and it still leans hard into its old-world charm.

The foyer. 

Inside, the grand foyer hits you first, lined with original oak millwork, exposed beams, and stained-glass windows — aka the holy trinity of character details people drool over.

The living room has a wood-burning fireplace. 

From there, the main floor unfolds into oversized principal rooms.

The dining room. 

There's the formal living with a fireplace, a grand dining room, a sun-soaked solarium overlooking the river, and a kitchen with natural bamboo counters and an adjacent servery.

The kitchen and servery. 

Does it need a refresh? Absolutely. Are the bones spectacular? Also yes.

One of four bedrooms. 

Upstairs, there are four spacious bedrooms, all packed with classic details like cove ceilings, hardwood floors, and elegant chandeliers.

The primary bedroom. 

The primary suite boasts a private double walkout to a balcony overlooking the water.

The library. 

There's also a vaulted library with a stone fireplace that feels aggressively like the room where someone writes a novel, signs important documents, or dramatically stares into the middle distance.

The basement. 

Downstairs, the finished lower level includes a large rec room with a walkout to a tiered stone pathway that leads right down to the river's edge.

The lawn. 

Outside, the grounds lean fully into Jane Austen novel territory with a circular driveway, towering trees, and a dramatic multi-tiered path descending to the water. 

The living room. 

But this property isn't just a stately old estate.

The solarium. 

As of Oct. 23, 2025, the Ontario Land Tribunal granted conditional approval to sever the lot into two separate estate parcels.

The approved lot severance. 

According to the listing, the nearly two-acre property could become one lot measuring roughly 68 by 154 feet, and a second, larger parcel about 96 by 340 feet that retains the river frontage. 

The upstairs landing. 

Floor plans and custom home concepts by architect Gren Weis are also part of the package for anyone ready to go full Grand Designs mode.

Stairs that lead down to the river. 

Originally listed at $7,179,850, the property has since taken a haircut and is now asking $6,577,850 — because even spectacular waterfront estates are not immune to today's terrible market.