For Sale · Mississauga · Development potential
42 Cumberland Drive, Mississauga, ON L5G 3M8
$4,988,000
Property facts
Bedrooms
5
Bathrooms
4
Kitchens
2
Living area
3,000 to 3,500 sq ft
Lot dimensions
17.7 m x 73.6 m (58'-0" x 241'-4")
Parking
6
Basement
Finished, Walk-Up, Separate Entrance
Heating
Forced Air
Cooling
Central Air
Association fee
Not listed
Annual taxes
$31,429 (2025)
Zoning
Not listed
About this property
A Rare Waterfront Opportunity In Prestigious Port Credit. Situated On An Exceptional Approx. 0.50 Acre Lakefront Property With Additional Riparian Water Lot Rights Of Approx. 0.90 Acres, Bringing The Total Property Area To Approx. 1.4 Acres, This Truly Unique Offering Features Breathtaking Panoramic Lake Ontario Views, Expansive Backyard Space, Private Shoreline Access, And Incredible Privacy. Surrounded By Multi-Million Dollar Waterfront Estates In One Of Mississauga's Most Coveted Lakefront Communities, This Property Presents Endless Potential For End-Users, Investors, Builders, Or Those Seeking A Luxury Waterfront Estate Setting. The Existing Residence Is Currently Habitable And Offers Immediate Use, Rental, Or Holding Potential While Future Plans Are Explored. Whether You Choose To Live In, Renovate, Or Build A Custom Dream Home, The Possibilities Here Are Exceptional. The New Embankment And Shoreline Improvements Near Completion, Further Enhancing The Long-Term Value And Enjoyment Of The Property.
Location
Development potential
What can you build here?
Lot dimensions: 17.7 m x 73.6 m (58'-0" x 241'-4")
A fourplex is as-of-right on nearly any detached lot in the GTA, and many go further, a sixplex in the right ward, a garden suite, or a two-lot severance. Whether the numbers work comes down to the zone, the overlays, and the parcel, which is exactly what a TESA development read tells you. Get one on this lot before it goes.
Listing courtesy of RE/MAX ATRIUM HOME REALTY.
This information is provided by the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate by PropTx.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.
Data updated Jul 13, 2026, 12:47 PM ET · Source: Toronto Regional Real Estate Board