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New5 days ago

550 Vanessa Crescent

Lorne Park, Mississauga

$3,150,000

Detached|2-Storey
5 | 5 | 9
About this home

A rare offering of exceptional architectural distinction, this custom-built residence by renowned David Small Designs represents an extraordinary standard of luxury in prestigious Lorne Park, one of South Mississauga's most coveted communities. Commanding an impressive 85 x 125 ft corner lot, this newly built estate showcases approx. 5,860 sq. ft. of exquisitely finished living space with 5+1 bedrooms, 7 luxurious bathrooms and a 3-car garage. From the moment you enter, soaring 10-ft ceilings on the main and lower levels, grand proportions, refined architectural detailing and beautifully curated finishes create an atmosphere of understated elegance. Every element has been thoughtfully considered for sophisticated entertaining and elevated everyday living. At the heart of the residence is a showpiece gourmet kitchen appointed with sleek quartz countertops and premium Gaggenau appliances, combining exceptional functionality with contemporary sophistication. A private residential elevator connecting the basement through the second floor adds a remarkable level of convenience and exclusivity. The professionally finished lower level extends the home's impressive living and entertaining space and includes an additional bedroom and bathroom, complemented by a private walk-up to the outdoors. The striking corner setting is enhanced by meticulously landscaped grounds, exceptional privacy and commanding curb appeal, creating a distinguished estate presence. Ideally positioned moments from Lake Ontario, Port Credit, prestigious golf clubs, exceptional parks and top-rated schools including Mentor College, with convenient access to the QEW, fine dining, shopping and the waterfront. A residence of this calibre is more than a home; it is a statement of architecture, craftsmanship and sophisticated luxury, offering a rare opportunity to own a signature estate in prestigious Lorne Park.

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$25,361
Lot Size85 ft x 125 ft
mls© NumberW13675740
Listed ByRE/MAX GOLD REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$16,123
Property tax
$2,113
Heat allowance
$150
Housing costs
$18,387 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $630,000
25-yr amortization

Income needed

$566,000

gross annual household income

Payment at 4%
$13,256 / mo
Cash down
$630,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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