$3,849,000 - 55 Port Street Unit 702, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Port Credit
- MLS Number
- W13457890
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 2,750 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- South
- Balcony
- Terrace
- Listing Brokerage
- REMAX YOUR COMMUNITY REALTY
Welcome Home! **One OF A Kind** Absolutely Stunning Unit With Gorgeous Unobstructed South Lake Views. **Full Lake Views** & View OF Downtown Toronto - RARE! **Corner Unit** Floor To Ceiling Window Very Bright & Spacious - Open Concept Layout- Approx 2920sqft - 2 Large Covered Terraces. One Terrace At Front, One At Rear of Unit. Unit 702 is Uniquely Cofigured, Current Set Up Is With 2 Private Entrances - Can Be Used As 2 Units OR 1 Large 3 Bedroom Unit, After Conversion. **Floor Plan Attached** Chefs Kitchen With Built in Appliances, Large Island GreatFor Entertaining, Warm Decor, Colors Thru/out. Custom Fireplace Overlooks Terrace & Lakes - Primary Bedroom, With 5 Pc Ensuite, B/I Sauna Connection, Walk In Closet & Walk out To Terrace, Enjoy The Sauna , Terrace & Views, Rare Spa Like Setting. Fully Upgraded Unit. Oversized Pantry From the Kitchen, Gas Stove, B/I Appliances. Main Floor Laundry.
Estimate your monthly payments for this property
Estimated Payment
$17,025.43/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.
55 Port Street Unit 702, 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 $1400/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.
Market Position
At 20 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.
Larger Home Realities
At 2,750 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.
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.