$4,988,000
42 Cumberland Drive, Mississauga, ON L5G 3M8
5 Beds
4 Baths
6 Parking
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.

Property Summary

Property Type Residential Freehold
Property Sub Type Detached
Transaction Type For Sale
Style 1 1/2 Storey
Approximate Age 31-50
Bedrooms Above Grade 5
Bathrooms 4
Kitchens 2
Basement Finished, Walk-Up, Separate Entrance
Exposure East
Possession Flexible

Building

Building Type Detached
Square Footage 3000-3500
Exterior Brick
Foundation Concrete
Roof Asphalt Shingle
Heating Forced Air
Heat Source Gas
Cooling Central Air
Fireplace Yes

Measurements

Lot Size 58 x 241.32
Lot Size Area 1.407
Lot Size Units Feet
Frontage 58
Depth 241.32
Total Living Area 3000-3500

Land

Address 42 Cumberland Drive, Mississauga, ON L5G 3M8
City Mississauga
Community Port Credit
County / Area Peel
Cross Street Lakeshore / Cumberland
Sewer Sewer
Pool None
Parcel Number 134860136

Parking and Garage

Total Parking 6
Garage Spaces 2
Garage Type Attached

Taxes and Listing Info

List Price $4,988,000
Annual Taxes $31,429
Tax Year 2025
Status Active
Listing Date 2026-05-28T15:02:10Z
Updated 2026-05-28T18:23:47Z
MLS Number W13208320
Local Market Insight

What Buyers Should Know About 42 Cumberland Drive, Mississauga, ON L5G 3M8

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

42 Cumberland Drive, Mississauga, ON L5G 3M8 is positioned in Port Credit, a part of Mississauga where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 1 1/2 Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Detached should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Lakeshore / Cumberland, public transit options, parking availability, and drive times to employment areas. A property with 6 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $4,988,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 5 bedrooms, 4 bathrooms, basement details marked as Finished, Walk-Up, Separate Entrance, and a lot size of 58 x 241.32, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Mississauga, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Port Credit. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 42 Cumberland Drive, Mississauga, ON L5G 3M8, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.