$1,950/mo - 43 Elmwood Avenue Unit #3, Mississauga
Land for Rent in Mississauga
Neighbourhood: Port Credit
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- W13788818
- Property Type
- Land
- Status
- active
- Days on Site
- 22
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Rare and exceptional opportunity in the heart of Port Credit, completely exclusive, no common areas. Brand new luxury modern one-bedroom basement residence within an exclusive low-density fourplex, smartly designed for an individual seeking new, custom-home quality with the ease and convenience of premium lease living in a family-friendly neighbourhood. Perfectly positioned just a 5-minute walk to the GO Transit station with direct service to downtown Toronto in approximately 17 minutes, while boutique shops, acclaimed restaurants, cafés, parks, and the vibrant waterfront lifestyle of Port Credit are all right outside your door. Mentor College is around the corner and Forest Avenue Public School sits directly across the street.This beautifully designed approximately 600 sq. ft. suite offers a private separate entrance and an intelligent European-inspired layout maximizing every inch of space with style and function. The open-concept kitchen/ living area features stunning Taj Mahal quartz countertops, integrated cooktop, built-in oven, built-in microwave, custom cabinetry, and sophisticated designer finishes throughout.The bedroom is complemented by a beautifully appointed three-piece bath, while rare radiant in-floor heating provides exceptional warmth and comfort to the unit. A split integrated air conditioning system offers efficient climate control, adding to the premium living experience. Luxury detailing, custom craftsmanship create a below-grade residence that feels elevated, warm, and highly livable.Additional conveniences include full-size in-suite laundry and brand new construction standards. A rare chance to lease a thoughtfully designed luxury suite in one of Mississauga's most sought-after waterfront communities. Utilities extra. Parking not available with this unit. Rental Application, Financial capacity proof, current Credit Score, Employment letter and pay stubs required (if applicable)
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.
43 Elmwood Avenue Unit #3, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Mississauga planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Land Market Timeline
Vacant land typically takes longer to sell than residential homes — 60 to 180+ days is common. Commercial and development-oriented buyers need time to conduct feasibility studies, consult planners, and arrange specialized financing. Don't read anything into the days-on-market figure without comparing to similar parcels in Mississauga.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Mississauga's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.