$5,999,800 - 1540 Mississauga Road, Mississauga
Detached for Sale in Mississauga
95 days on marketNeighbourhood: Lorne Park
- MLS Number
- W12955302
- Property Type
- Detached
- Status
- active
- Days on Site
- 95
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Unique Lorne Park mansion checking off 3 Major Boxes: Location, Lot Size & Square Footage. A homeowner's dream, this completely remodeled residence with wrought iron gates and a 7ft high wrought iron fence showcases Fascinating Finishes & Millwork T/O and offers 5+1 Bedrooms, 6 Baths in an Open Concept Layout w/ Expansive Windows Bringing In An Abundance Of Natural Light. 8ft tall wooden doors, 16 chandeliers and 10ft to 16ft raised ceilings add to the grandeur throughout. The chef's kitchen is equipped w/ a Lg Centre Island, B/I S/S Appliances, Beautiful Stone Counters & Ample Upper and Lower Cabinetry. Prodigious living and dining spaces are elevated by Crown molding, Pot Lights, Gas Fireplace, Eye Catching Millwork and original book-matched Italian tiles with 9ft & 12ft height. The home also fits a Rare In-Law Suite w/ a Full Size Kitchen, Living Rm, Bdrm & A 3pc Ensuite. The owners suite boasts raised ceiling heights, a gorgeous 5pc Ensuite & A Lg W/I Closet. Down the hall lie 2 More Bdrms That Share A 4pc Bath + A Junior Suite w/ A 5pc Ensuite & W/I Closet. The entertainer's basement features a Lg Rec Area, Gym, Wet Bar, Dining Area & Ample Storage Rms + A Den That Can Be Used As A 6th Bdrm. The mesmerizing resort-like backyard completes this home with an In-ground Pool, Several Fountains, A Covered Deck, Beautiful Cabana, a 4 hole mini-golf course & More! Absolutely breathtaking. The property also features a beautiful stone driveway; Beautiful Mature Trees & high rocks enhance the beauty and curb appeal of the property.
Estimate your monthly payments for this property
Estimated Payment
$26,539.14/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.
1540 Mississauga Road, 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
Premium Pricing
At $1200/sqft, this property is priced above the Mississauga average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 95 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 5,000 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 6 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.