$524,990 - 1575 Lakeshore Road Unit 440, Mississauga
Condo for Sale in Mississauga
50 days on market- MLS Number
- W13060222
- Property Type
- Condo
- Status
- active
- Days on Site
- 50
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE REALTY PLUS
Welcome to penthouse living without the million-dollar price tag! Perched on the top floor of The Craftsman, this bright south-facing suite offers a rare opportunity to enjoy the privacy, natural light, and elevated feel of penthouse-level living at a far more accessible price point. Overlooking the quiet courtyard below, the space feels peaceful and tucked away, while soaring 12-foot ceilings in the living room create an openness that's hard to find in this price range. Inside, 5-inch engineered hardwood floors run throughout, complementing a clean, modern interior designed for both comfort and function. The kitchen is equipped with integrated stainless steel Whirlpool appliances and offers a practical layout that works just as well for everyday living as it does for entertaining. A separate den adds valuable flexibility for working from home, reading, or creating a dedicated space away from the main living area, and the suite is complemented by a modern 4-piece bath finished with premium Kohler fixtures. Positioned on the penthouse level with no neighbours above, this is the kind of home that lives differently from the typical condo, and it offers exceptional day-to-day convenience, located just steps from the elevator and close to the underground parking spot. The Craftsman is one of South Mississauga's most architecturally distinctive and community-oriented residences, known for its Frank Lloyd Wright-inspired design, beautifully landscaped courtyards, and premium amenities. Located in the heart of Clarkson Village, you're just a short walk to local cafes, shops, restaurants, and minutes from Clarkson GO for an easy commute downtown. Nearby highlights include Jack Darling Park, Rattray Marsh, waterfront trails, and countless neighbourhood amenities that make this one of the city's most desirable places to call home. Suite 440 is a rare chance to experience penthouse living in one of Clarkson's most sought-after buildings, for far less than you'd expect.
Estimate your monthly payments for this property
Estimated Payment
$2,693.47/mo
Includes CMHC insurance ($14,647)
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 440, 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 $875/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.
Negotiation Opportunity
At 50 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 $2,187 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.