$1,299,999 - 194 Lakeshore Road, Mississauga
Condo for Sale in Mississauga
35 days on marketNeighbourhood: Port Credit
- MLS Number
- W13229634
- Property Type
- Condo
- Status
- active
- Days on Site
- 35
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South
- Balcony
- Juliette
- Listing Brokerage
- HOME & CONDO MARKET
Located in the vibrant heart of Port Credit, this executive live/work townhouse presents an exceptional combination of luxury, functionality, and lakeside living. With residential/commercial zoning, the property offers approximately 215 sq. ft. of flex space on the main floor-ideal for a home office, home gym, or client-facing business. The residence features approximately 2,700 sq. ft. of meticulously finished living space across the upper levels, catering to buyers who value both spaciousness and versatility. At the pinnacle of the home, a private 625 sq. ft. rooftop terrace provides panoramic lake views and includes a 6-person hot tub, wet bar, gas fire pit, and outdoor shower-an extraordinary setting for entertaining or relaxing! The interior boasts a bright, open-concept layout with 9-foot ceilings on the ground and main floors, a bright, modern kitchen with quartz countertops, stainless steel appliances, and W/O to a beautiful, private back yard with heated patio. High-end upgrades throughout, include, crown moldings, pot lights, hardwood flooring, double sided gas fireplace and a custom oak staircase with wrought iron spindles. Additional highlights include stylish barn doors, a finished basement for added living space, and an upgraded primary ensuite featuring luxurious oval soaker tub and corner stand alone shower. The property offers parking for three vehicles (two in a tandem garage and one commercial spot adjacent to the garage for this townhome). Ideally situated just steps from JC Saddington Park, Lake Ontario, Port Credit Marina, waterfront trail and GO train nearby! Enjoy all the conveniences of the Brightwater community directly across the street offering Farm Boy, LCBO the newest addition of Mercatto Restaurant and SO much more! This move-in-ready townhouse represents a rare opportunity to own a spacious, mixed-use property in one of Mississauga's most sought-after lakeside communities.
Estimate your monthly payments for this property
Estimated Payment
$5,750.33/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.
194 Lakeshore 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
Competitive Pricing
At $650/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 35 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.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
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.