















42 Cumberland Drive
Port Credit, Mississauga
$4,988,000
A 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 Near Completion, Further Enhancing The Long-Term Value And Enjoyment Of The Property.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | 31-50 |
| Size | 3000-3500 sq. ft. |
| Property Tax | $31,429 |
| Lot Size | 58 ft x 241.32 ft |
| mls© Number | W13208320 |
| Listed By | RE/MAX ATRIUM HOME REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
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Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $25,531
- Property tax
- $2,619
- Heat allowance
- $150
- Housing costs
- $28,300 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$871,000
gross annual household income
- Payment at 4%
- $20,990 / mo
- Cash down
- $997,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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