$989,000 - 1575 Lakeshore Road Unit 117, Mississauga
Condo for Sale in Mississauga
New — Listed yesterday- MLS Number
- W12993892
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REALTY PLUS
Most condos get built to rent or flip. This one was built to live in. Suite 117 at The Craftsman is a rare, end-user designed residence where quality and intention are evident throughout. The layout offers exceptional flow, living more like a bungalow than a condo, with bedrooms thoughtfully separated from the main living area. This allows for a better use of space and quieter, more private bedrooms. Throughout the suite, five-inch engineered hardwood floors replace typical builder finishes, while numerous pot lights and statement light fixtures, all on dimmers, seamlessly integrate with your smart home devices. The fully customized kitchen represents a significant investment and is the true heart of this home. Featuring marble-inspired counters, elegant two-tone cabinetry, and thoughtful storage solutions like Lazy Susans, deep pot drawers, and cabinet drawers for those hard-to-reach areas, every inch of this space was designed for functionality. Premium appliances include the JennAir-branded induction cooktop, smart oven, paneled dishwasher, 72-inch-high counter-depth fridge, and a Marvel built-in wine fridge, creating a space that is refined, practical, and perfect for entertaining. The primary retreat occupies its own exclusive wing with multiple closets, including a large walk-in, and a spa-inspired ensuite complete with a glass shower stall, soaker tub, large custom vanity, and hidden pull-out drawers with built-in under-counter outlets for seamless organization. A proper second bedroom with a walk-in closet and a spacious den finished with closet storage also provides true flexibility for guests or a home office. Additional highlights include California shutters, a large laundry room with a sink and extra cabinet storage, EV-ready parking located just steps from the elevator, and a storage locker directly across the hallway. For buyers who notice the difference, this suite delivers thoughtful upgrades, smarter storage, and a layout that simply feels right.
Estimate your monthly payments for this property
Estimated Payment
$5,074.08/mo
Includes CMHC insurance ($27,593)
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.
1575 Lakeshore Road Unit 117, Mississauga
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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
Fair Market Value
At $824/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Just Listed - Act Strategically
This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $4,121 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.