$2,299,999 - 996 Cresthampton Lane, Mississauga
Detached for Sale in Mississauga
New — Listed yesterdayNeighbourhood: Lorne Park
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- MLS Number
- W14105946
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Taxes (2025)
- $13,471
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
Welcome to 996 Cresthampton Lane, an exceptional family home nestled on a quiet cul-de-sac in prestigious Lorne Park, one of Mississauga's most coveted communities. Set on a sprawling corner lot, this beautifully maintained residence offers over 3,500 sq. ft. of living space, with 4+1 bedrooms and 4 bathrooms, providing the space, comfort and flexibility for a growing family to settle in and thrive for years to come.The home blends timeless elegance with everyday functionality, featuring tasteful hardwood flooring, two gas fireplaces, a custom kitchen and updated bathrooms. Generous principal rooms and sun-filled interiors create a warm, inviting atmosphere, ideal for family gatherings, entertaining friends and enjoying everyday moments together. With ample room to grow, work, relax and host overnight guests, this home adapts effortlessly to the changing needs of a busy family.The finished basement extends the living space with a large bedroom featuring oversized windows, a full bathroom, abundant storage and plenty of room for recreation, hobbies or a teen retreat.Step outside to a private backyard oasis designed for unforgettable summers. An impressive in-ground concrete pool, expansive stone patio and lush landscaping framed by mature trees create the perfect setting for poolside afternoons, outdoor dining and entertaining in complete comfort.Lorne Park is renowned for its prestigious homes, mature tree-lined streets, welcoming community atmosphere and excellent schools. Surrounded by parks, green spaces and recreational amenities, with the waterfront and convenient shopping and commuter routes nearby, this sought-after neighbourhood offers an exceptional setting for family life. A rare opportunity to secure a substantial home on a desirable lot in a premier pocket of Mississauga, 996 Cresthampton Lane is the ideal place to put down roots, make lasting memories and grow into the home you have always envisioned.
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Estimated Payment
$10,173.67/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.
996 Cresthampton Lane, 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 $920/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.
Excellent Flexibility
With 5 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 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.