$2,799,000 - 510 RICHEY Crescent, Mississauga
Detached for Sale in Mississauga
83 days on marketNeighbourhood: Lakeview
- MLS Number
- W13002970
- Property Type
- Detached
- Status
- active
- Days on Site
- 83
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- KINGSWAY REAL ESTATE
Exquisite waterfront property in Port Credit! Discover the ultimate in lakeside living with this rare waterfront gem, a stunning 2-storey, 3-bedroom home that sits directly on lake Ontario in one of the most sought-after areas. This meticulously modernized residence boasts professional finishes and high-end features throughout, with a view that is second to none. A chef's dream kitchen equipped with stainless steel appliances and a huge island, looking out over the lake, with a huge bay window. Retreat to a sere master suite with a private balcony overlooking the water, and expansive lake views. Enjoy the open layout with a walk-out basement providing easy access to a beautifully landscaped yard with artificial grass, perfect for a low maintenance space for relaxing lakeside. A windows-up tiki bar offers a space for outdoor entertaining, with additional storage for outdoor equipment, and lakeside gear. Spacious 1.5 garage/work place. Large insulated attic for storage. Situated on the Waterfront Trail, and surrounded by parks, get ready for non-stop cottage style living right in the city. 15 mins walk to the Port Credit strip, 5 min drive to the Port Credit Go Station or Long Branch, Sherway Gardens, walk to Port Credit Yacht Club, 20 mins drive to downtown Toronto. A newly constructed sea wall (2022) ensures both beauty and protection for your waterfront property.
Estimate your monthly payments for this property
Estimated Payment
$12,380.92/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 Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
510 RICHEY Crescent, 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 $1866/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 83 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.
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 3 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.