$1,549,800 - 129 High Street, Mississauga
New Construction for Sale in Mississauga
43 days on marketNeighbourhood: Port Credit
- MLS Number
- W13170296
- Property Type
- New Construction
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX HALLMARK REALTY LTD.
A rare opportunity to own a luxury investment property in the prestigious Shores of Port Credit community with an excellent tenant already in place. Offering immediate rental income and long-term value in one of Mississauga's most desirable waterfront neighbourhoods, this turnkey condo townhouse is an exceptional addition to any investment portfolio. This extensively upgraded 3-bedroom, 4-bathroom residence features premium finishes throughout, ensuring lasting appeal for discerning tenants. The main floor offers porcelain tile flooring, crown moulding, a designer kitchen with JennAir appliances, Blomberg dishwasher, custom cabinetry, power blinds, pot lights, custom lighting, and built-in closet systems. A rare in-suite elevator provides convenient access to every level.The finished basement adds outstanding functionality with custom pantry storage, an integrated refrigerator, storage mezzanine, and a recently completed bathroom featuring an infrared sauna with Bluetooth connectivity. Upstairs, the third-floor primary suite offers beautiful lake views and a luxurious custom 5-piece ensuite with porcelain flooring, marble feature walls, and a herringbone tile shower. Outdoor living is equally impressive with two storm-proof electric awnings, a Napoleon BBQ with gas line hookup, and a private rooftop terrace overlooking Lake Ontario. The home also includes two underground parking spaces located directly beside the unit. Residents enjoy resort-style amenities including a fitness centre, indoor pool and spa, wine club, golf simulator, restaurants, lounges, library, billiards room, meeting spaces, and more. Just steps from Lake Ontario and within walking distance of Port Credit's shops, restaurants, parks, and waterfront trails, this is a rare opportunity to secure a premium income-producing property in an exceptional lakeside location. See the virtual tour for additional photos.
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Estimated Payment
$6,855.29/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.
Waterfront Living at Its Finest
Port Credit is Mississauga's premier waterfront community, offering stunning Lake Ontario views and a vibrant village atmosphere. This sought-after neighbourhood combines urban amenities with natural beauty, featuring a bustling marina, eclectic restaurants, and beautiful waterfront parks. The area has undergone significant revitalization, making it one of the most desirable addresses in the GTA.
Why Live in Port Credit
- •Direct access to Lake Ontario waterfront and marina
- •Award-winning restaurants and local boutiques
- •Port Credit GO Station for easy Toronto commuting
- •Active arts and culture scene
- •Year-round festivals and community events
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 25 minutes to Union Station
- •MiWay bus connections throughout Mississauga
- •Waterfront Trail for cycling
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Port Credit Marina
- •J.C. Saddington Park
- •Port Credit Memorial Park
- •Waterfront Trail
- •Local cinema and performance venues
Lifestyle & Community
Port Credit offers an enviable waterfront lifestyle with the convenience of urban living. Residents enjoy morning walks along the lake, dining at acclaimed restaurants, and weekend sailing. The area attracts young professionals, families, and retirees who appreciate the active, social atmosphere.
129 High Street, 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
Competitive Pricing
At $620/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 4 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.
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.
About Port Credit
I know Port Credit well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.