$5,999,800 - 1540 Mississauga Road, Mississauga
Detached for Sale in Mississauga
New — Listed 5 days agoNeighbourhood: Lorne Park
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- MLS Number
- W13841926
- Property Type
- Detached
- Status
- active
- Days on Site
- 5
- Bedrooms
- 6
- Bathrooms
- 6
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Mississauga
- Lot Size
- 1 sqft
- Taxes (2026)
- $32,702
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Introducing a rare & unique Lorne Park mansion where scale, craftsmanship & resort-style living come together on an impressive half-acre lot. Set behind wrought iron gates & a 7' wrought iron fence, this completely remodelled 5+1 bedroom, 6-bath residence makes an immediate impression with its grand proportions, 8 ft tall wood doors, 16 chandeliers, 10'-16' raised ceilings & expansive windows. The interiors are rich in custom millwork, crown moulding, pot lights & original book-matched Italian tiles, creating a sense of character & permanence rarely found in today's homes. At the centre of it all, the chef's kitchen features a large island, B/I S/S appliances, stone countertops & extensive cabinetry, opening naturally to the home's generous living & dining spaces. The owner's suite offers raised ceilings, a large W/I closet & luxurious 5pc ensuite, while two additional bedrooms share a 4pc bath & a private junior suite adds its own 5pc ensuite & W/I closet. A rare in-law suite with a full-size kitchen, living room, bedroom & 3pc ensuite adds exceptional flexibility for extended family or guests. Below, the entertainer's level delivers a large recreation area, gym, wet bar, dining area, ample storage & a versatile den that can serve as a 6th bedroom. Outside, the backyard is where this property truly separates itself: an in-ground pool, multiple fountains, covered deck, beautiful cabana & 4-hole mini-golf course create a private setting designed for everything from summer entertaining to everyday family life. Mature trees, natural rock formations & a striking stone driveway complete the grounds. For buyers searching Mississauga's Lorne Park for a substantial lot, exceptional interiors & amenities rarely found together, 1540 Mississauga Rd is a property that needs to be experienced.
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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.
Just Listed - Act Strategically
This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.