$4,500,000
↓ $399,000 from $4,899,000
Est. payment $19,925/moCalculate yours
42 Cumberland Drive, Mississauga, ON L5G 3M8
Port Credit, Mississauga, ON L5G 3M8
- 5 Beds
- 4 Baths
- 2 Garage
- 3,000 Sq Ft
Listing courtesy of RE/MAX ATRIUM HOME REALTY MLS® W13802868
About this home
Client RemarksA Rare Waterfront Opportunity In Prestigious Port Credit. Situated On An Exceptional Approx. 0.50 Acre Lakefront Property With Additional Riparian Water Lot Rights Of Approx. 0.90 Acres, Bringing The Total Property Area To Approx. 1.4 Acres, This Truly Unique Offering Features Breathtaking Panoramic Lake Ontario Views, Expansive Backyard Space, Private Shoreline Access, And Incredible Privacy. Surrounded By Multi-Million Dollar Waterfront Estates In One Of Mississauga’s Most Coveted Lakefront Communities, This Property Presents Endless Potential For End-Users, Investors, Builders, Or Those Seeking A Luxury Waterfront Estate Setting. The Existing Residence Is Currently Habitable And Offers Immediate Use, Rental, Or Holding Potential While Future Plans Are Explored. Whether You Choose To Live In, Renovate, Or Build A Custom Dream Home, The Possibilities Here Are Exceptional. The New Embankment And Shoreline Improvements Have Completed, Further Enhancing The Long-Term Value And Enjoyment Of The Property.
Property details
Overview
- Property Type
- Detached
- Style
- 1 1/2 Storey
- For
- For Sale
- Status
- Price Change
- Approximate Age
- 31-50
- Size
- 3,000 sqft
Interior
- Bedrooms
- 5
- Bathrooms
- 4
- Kitchens
- 2
- Basement
- Finished, Walk-Up, Separate Entrance
Building & Systems
- Heating
- Forced Air (Gas)
- Cooling
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Water
- Municipal
- Sewer
- Sewer
Lot & Parking
- Lot Size
- 58 x 241.32 Feet
- Parking
- Attached garage · 6 total
Financial
- Property Taxes
- $31,429 (2025)
Location
- Neighbourhood
- Port Credit
- Cross Street
- Lakeshore / Cumberland
- Direction Faces
- East
Listing
- MLS® Number
- W13802868
- Days on Market
- 30
- Listed On
- 2026-09-18
- Possession
- Flexible
- Listed By
- RE/MAX ATRIUM HOME REALTY
Rooms
Features
Interior
- Carpet Free
Pool
- None
- Included
- All existing appliances. All existing window coverings, all electrical fixtures in AS IS WHERE IS CONDITION, no warranties or representation.
Mortgage calculator
Estimated mortgage payment
$19,925 per month
- Principal and interest
- $19,925
- Property tax
- $2,619
- Condo fees
- $0
- Estimated monthly cost
- $22,544
Your mortgage
- Mortgage amount
- $3,600,000
- Mortgage insurance
- Not needed
- Interest over 25 years
- $2,377,508
Cash to close
- Down payment
- $900,000
- Land transfer tax
- $98,975
- First-time buyer refund
- $0
- Sales tax on insurance (8%)
- $0
- Total, before legal fees
- $998,975
With less than 20% down, a 30-year amortization is available to first-time buyers and buyers of newly built homes.
Talk to me about financingEstimates only, not a mortgage offer or financial advice. Uses the Canadian fixed-rate convention (interest compounded twice a year), 2026 mortgage insurance premiums and Ontario land transfer tax. Your lender will confirm your actual rate and payment.
Location
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