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New2 hours ago

54 Cumberland Drive

Port Credit, Mississauga

$4,999,000

Detached|2-Storey
4 | 3 | 7
About this home

Rare waterfront living in the heart of Port Credit. Set on an impressive 50 x 209 ft lot with riparian rights, this 4-bedroom, 3-bathroom home offers exceptional lake views and direct access to the water. The main level features oak hardwood floors, a family room with gas fireplace accented by brick and reclaimed wood, a living room with reclaimed wood feature wall, and a spacious modern kitchen with butcher block centre island, exposed brick details, abundant windows and beautiful water views. Walk out to the deck and enjoy seamless indoor-outdoor living. Upstairs, the primary suite features stunning lake views, a walk-in closet and 4-piece ensuite. Three additional generous bedrooms include a second bedroom with gas fireplace and private balcony overlooking the water. The fully finished basement provides additional living space and ample storage. Outside, a composite deck with built-in seating leads down to the beach and firepit area, with a private dock at the shoreline. An exceptional opportunity to enjoy spectacular sunsets and waterfront living just moments from everything Port Credit has to offer.

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nest zoom realty
(416) 276-9973
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$25,092
Lot Size50 ft x 208 ft
mls© NumberW13821036
Listed ByRE/MAX ESCARPMENT REALTY INC.

Listing History

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  • No recent lease history for this listing.

Schools

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$25,587
Property tax
$2,091
Heat allowance
$150
Housing costs
$27,828 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $999,800
25-yr amortization

Income needed

$856,000

gross annual household income

Payment at 4%
$21,037 / mo
Cash down
$999,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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