$3,150,000 - 550 Vanessa Crescent, Mississauga
Detached for Sale in Mississauga
New — Listed 4 days agoNeighbourhood: Lorne Park
- MLS Number
- W13675740
- Property Type
- Detached
- Status
- active
- Days on Site
- 4
- Bedrooms
- 6
- Bathrooms
- 5
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- RE/MAX GOLD REALTY INC.
A rare offering of exceptional architectural distinction, this custom-built residence by renowned David Small Designs represents an extraordinary standard of luxury in prestigious Lorne Park, one of South Mississauga's most coveted communities. Commanding an impressive 85 x 125 ft corner lot, this newly built estate showcases approx. 5,860 sq. ft. of exquisitely finished living space with 5+1 bedrooms, 7 luxurious bathrooms and a 3-car garage. From the moment you enter, soaring 10-ft ceilings on the main and lower levels, grand proportions, refined architectural detailing and beautifully curated finishes create an atmosphere of understated elegance. Every element has been thoughtfully considered for sophisticated entertaining and elevated everyday living. At the heart of the residence is a showpiece gourmet kitchen appointed with sleek quartz countertops and premium Gaggenau appliances, combining exceptional functionality with contemporary sophistication. A private residential elevator connecting the basement through the second floor adds a remarkable level of convenience and exclusivity. The professionally finished lower level extends the home's impressive living and entertaining space and includes an additional bedroom and bathroom, complemented by a private walk-up to the outdoors. The striking corner setting is enhanced by meticulously landscaped grounds, exceptional privacy and commanding curb appeal, creating a distinguished estate presence. Ideally positioned moments from Lake Ontario, Port Credit, prestigious golf clubs, exceptional parks and top-rated schools including Mentor College, with convenient access to the QEW, fine dining, shopping and the waterfront. A residence of this calibre is more than a home; it is a statement of architecture, craftsmanship and sophisticated luxury, offering a rare opportunity to own a signature estate in prestigious Lorne Park.
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Estimated Payment
$13,933.51/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.
550 Vanessa 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
Fair Market Value
At $900/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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 3,500 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 5 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.