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A surprising waterfront dwelling broke a value report in Mississauga.
The large, seven-bedroom dwelling on Lake Ontario at 928 Lynnrod Court docket bought in late fall of 2024, stated itemizing agent Philip Rouse with The Papousek Crew. Rouse and co-listing agent Peter Papousek bought the property off-market.
The sale set a new report for the very best value for a Lake Ontario property in Mississauga’s historical past, Rouse stated.
Rouse instructed INsauga.com that they’ll’t disclose the sale value however the listing value was $19,999,850.
The sale comes shortly after the Saint George mansion on Doulton Drive went for $17 million setting a report for the costliest home bought within the metropolis.
The 2 houses part of a luxurious market highlighted in a brand new Re/Max report. The report discovered a $3-million increase in luxurious property gross sales within the final three months of 2024, marking a 40 per cent improve in comparison with 2023.
Photograph: Helicopix Inc.
The Lynnrod Court docket dwelling, in Lorne Park, is a “extremely rare” property within the GTA, stated Rouse. Set on roughly 1.2 acres, the property has almost 300 toes of lake frontage.
“The most special part about this property is the land, and not only the amount of land, obviously being on the waterfront, but the shape of the land and the privacy it gives,” stated Rouse.
The form is such that when the owners exit to the waterfront, they can not see their neighbours.
“When you look out from the tip of the waterfront line in your periphery, you don’t see your neighbours, all you see is water and that’s something a little bit rare.”
Photograph: Helicopix Inc.
It’s tucked right into a bay and has wonderful views of sunrises.
“You can’t find this land anywhere,” stated Rouse. “This is arguably the nicest waterfront piece of land, parcel of residential property in all of the Golden Horseshoe on Lake Ontario.”
The house on the property in 2014. Photograph: Re/Max Abouttowne Realty Corp.
On-line actual property data present this property bought in 2014 for $4,950,000. It took about eight years to demolish the earlier dwelling, plan and get permits for the brand new constructing, stated Rouse. The brand new home was full in 2023.
The 2-storey dwelling has many luxurious options together with an indoor pool and a house theatre.
Photograph: Helicopix Inc.
There’s a keypad entry and double gates resulting in the 10-car driveway and a four-car storage.
Photograph: Helicopix Inc.
The 13,168 sq. toes of dwelling house boasts 5 above-grade bedrooms plus two extra bedrooms within the basement, and 12 loos. There are two primary-sized bedrooms upstairs.
Photograph: Helicopix Inc.
Foremost ground rooms embrace formal dwelling and eating rooms, and a household room with wall-to-wall sliding doorways resulting in the massive terrace. The massive kitchen options premium home equipment and porcelain counter tops.
Photograph: Helicopix Inc.
Along with the theatre and indoor pool, the basement has a bar and wine cellar.
Photograph: Helicopix Inc.
Discovering a purchaser for any such property isn’t simple, notably as a result of it was listed off-market, that means it wasn’t listed on public actual property websites.
Rouse stated The Papousek Crew has intensive expertise within the luxurious dwelling market and with off-market offers. On this dwelling, they labored with an organization referred to as Property Influencers who created a 20-minute video, which received nicely over 40,000 views on social media.
The customer got here throughout the video and was very drawn to the property, stated Rouse.
The house was in the marketplace for roughly 13 months.
Rouse stated the sale is a reminder of the spectacular properties in Mississauga’s luxurious market. Many individuals hear of big houses in unique neighbourhoods resembling Rosedale, Mount Nice, the Bridle Path or southeast Oakville however not as a lot in Mississauga, stated Rouse.
“I think this is a testament to how amazing Mississauga is, and how amazing it can be,” Rouse stated.
See extra in regards to the dwelling right here.
Lead Photograph: Helicopix Inc.
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