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New2 hours ago

120 Cumberland Drive

Port Credit, Mississauga

$6,580,000

Detached|2-Storey
4 | 3 | 8
About this home

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. Motivated seller, show and fall in love!

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agent
Angela Montano
(647) 283-2643
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$39,676
Lot Size74.93 ft x 532.77 ft
mls© NumberW13694340
Listed ByT-ONE GROUP REALTY INC.,

Listing History

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

Schools

Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$33,679
Property tax
$3,306
Heat allowance
$150
Housing costs
$37,136 / mo

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

Down payment20% · $1,316,000
25-yr amortization

Income needed

$1,143,000

gross annual household income

Payment at 4%
$27,690 / mo
Cash down
$1,316,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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