120 Cumberland Drive
120 Cumberland Drive
$6,580,000
1 days on market
About This Listing
Once-in-a-lifetime rare 74.93 Ft x 214.50 Ft waterfront property on one of Port Credit's most prestigious lakefront estate streets, with riparian water lot rights extending approximately 532.77 ft into Lake Ontario. A truly exceptional and generational offering with breathtaking panoramic lake views, expansive lakeside grounds, private shoreline access, and rare existing concrete wharf/dock infrastructure. Surrounded by multi-million dollar waterfront estates in one of Mississauga's most coveted communities, this property presents an extraordinary opportunity for end-users, investors, builders, or those seeking the ultimate luxury waterfront setting. The existing residence offers a substantial footprint, including a former indoor pool area converted to additional living space, soaring approximately 16 ft foyer ceilings, and endless possibilities for renovation, updating, or redevelopment into a world-class custom estate.The home is currently comfortably habitable and offers immediate end-use, rental, or holding potential while future plans are explored. Originally built in 1977, major components including the furnace, water heater, and roof have been repaired or replaced since 2019. Enjoy an unmatched luxury lifestyle just steps to Port Credit's vibrant shops, restaurants, marinas, and waterfront trails. Whether you choose to live in, renovate, or build your dream waterfront estate, the possibilities here are truly exceptional. Motivated seller, show and fall in love!
| Monthly Mortgage (P&I) | $28,668 |
| Property Tax (MLS) | $3,306 |
| Maintenance Fees | $0 |
| Total Monthly Cost | $31,975 |
Down payment: $1,316,000 (20.0%) · Mortgage: $5,264,000
Property tax uses MLS annual tax of $39,676/yr. Uses the standard Canadian semi-annual compounding convention. Estimates only—not a pre-approval or offer of credit. Actual rates and eligibility may vary. Provincial sales tax on mortgage insurance, when applicable, is not included. Consult a mortgage professional for accurate figures.
Property Details
Listing provided by T-ONE GROUP REALTY INC.,
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Data last updated: August 23, 2026 at 06:26 a.m.