$6,950,000 - 120 Cumberland Drive, Mississauga
Detached for Sale in Mississauga
Popular Listing- MLS Number
- W13219728
- Property Type
- Detached
- Status
- active
- Days on Site
- 13
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- T-ONE GROUP REALTY INC.,
once-in-a-lifetime rare 74.93 Ft x 214.50 Ft waterfront property on one of Port Credit's most prestigious lakefront estate streets, with riparian water lot rights extending approximately 532.77 ft into Lake Ontario. A truly exceptional and generational offering with breathtaking panoramic lake views, expansive lakeside grounds, private shoreline access, and rare existing concrete wharf/dock infrastructure. Surrounded by multi-million dollar waterfront estates in one of Mississauga's most coveted communities, this property presents an extraordinary opportunity for end-users, investors, builders, or those seeking the ultimate luxury waterfront setting. The existing residence offers a substantial footprint, including a former indoor pool area converted to additional living space, soaring approximately 16 ft foyer ceilings, and endless possibilities for renovation, updating, or redevelopment into a world-class custom estate.The home is currently comfortably habitable and offers immediate end-use, rental, or holding potential while future plans are explored. Originally built in 1977, major components including the furnace, water heater, and roof have been repaired or replaced since 2019. Enjoy an unmatched luxury lifestyle just steps to Port Credit's vibrant shops, restaurants, marinas, and waterfront trails. Whether you choose to live in, renovate, or build your dream waterfront estate, the possibilities here are truly exceptional.
Estimate your monthly payments for this property
Estimated Payment
$30,742.19/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
120 Cumberland Drive, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Premium Pricing
At $1986/sqft, this property is priced above the Mississauga average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.