$3,750,000 - 1182 Streambank Drive, Mississauga
Detached for Sale in Mississauga
54 days on marketNeighbourhood: Lorne Park
- MLS Number
- W13126744
- Property Type
- Detached
- Status
- active
- Days on Site
- 54
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- Engel & Volkers Oakville
Nestled in the highly prestigious Lorne Park neighbourhood of Mississauga, this extraordinary custom-built masterpiece, brilliantly designed by renowned architect Bill Hicks, offers an unparalleled blend of timeless elegance and modern luxury across over 5,000 square feet of meticulously crafted living space. Featuring six spacious bedrooms and five beautifully appointed bathrooms, the striking exterior showcases rich blue siding, elegant stone accents, and a welcoming covered porch. The tranquil backyard oasis includes a large rear deck and a spacious stone patio perfectly surrounded by mature trees. Stepping inside, the open-concept main floor reveals gleaming hardwood floors and breathtaking coffered ceilings that flow seamlessly. Crestron system controls music and lighting and enjoy the music from built-in speakers in the main living areas and primary bedroom. This expansive living area features a sophisticated fireplace with a classic white mantel that elegantly anchors the inviting room. At the heart of the home, the gourmet kitchen boasts pristine white perimeter cabinetry, a contrasting dark island, luxurious granite countertops. Premium appliances; Wolf gas stove & warming tray, Sub-Zero panelled Fridge/Freezer & Bev Fridge, Miele tower containing convention/microwave, steamer and coffee machine, Miele dishwasher . Opulent primary suite offers a spa-like ensuite bathroom complete with a deep soaking tub encased in beautiful granite, a seamless glass walk-in shower, and a romantic fireplace. The impressive lower level is an entertainer's dream, featuring a massive projector screen and rich hardwood floors. This walk-out basement also highlights a fully equipped wet bar, a cozy fireplace flanked by a rustic stone accent wall, and double French doors that open to the patio. Finally, wine enthusiasts will absolutely adore the magnificent custom Rosehill wine cellar, which is meticulously outfitted with extensive cedar racking to display a great collection.
Estimate your monthly payments for this property
Estimated Payment
$16,587.51/mo
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.
Mississauga's Premier Address
Lorne Park is widely regarded as one of Mississauga's most prestigious neighbourhoods. Known for its large lots, mature trees, and stately homes, this established community offers a peaceful, upscale living environment. The area features a mix of renovated heritage homes and impressive new builds, all set along winding, tree-canopied streets.
Why Live in Lorne Park
- •Large lots with mature trees and established gardens
- •Prestigious address with strong property values
- •Close to Lake Ontario and waterfront parks
- •Excellent public and private schools
- •Safe, quiet residential streets
Nearby Schools
Transit & Commuting
- •Clarkson GO Station nearby
- •MiWay bus routes along Lakeshore Road
- •Easy access to QEW and Highway 403
- •20-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Rattray Marsh Conservation Area
- •Jack Darling Memorial Park
- •Lorne Park Library
- •Private tennis and country clubs
- •Lakefront walking trails
Lifestyle & Community
Lorne Park offers a refined, private lifestyle with access to nature and waterfront amenities. Residents value the neighbourhood's exclusivity, excellent schools, and proximity to outdoor recreation. The area is ideal for families seeking space and quality of life.
1182 Streambank Drive, 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 $1071/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 54 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.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 5 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.