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from Temagami Cres. to Tecumseh Park Drive
the most expensive homes in Mississauga – part 5
luxury living on Birchwood Drive
All About Lorne Park Real Estate
The homes of Lorne Park are some of the most sought after real estate in Mississauga, and indeed in all of southern Ontario. From the very beginnings of the city as we know it today, Lorne Park Mississauga has always been synonymous with upscale properties for those who could afford it. With a vast expanse of expensive homes stretching from Southdown Road in the west, to Mississauga Road in the east, with the QEW highway marking its northern boundary, and Lake Ontario to the south, Lorne Park features an array of luxury homes for sale to suit any lifestyle. Originally a collection of semi-rural homes nestled between the villages of Port Credit and Clarkson, Lorne Park has a long history, and it has evolved into what many believe today is the biggest and best area for luxury homes in Mississauga. Here you can find listings with everything from original bungalows on massive, forested lots, to monster luxury estates with impressive numbers of bathrooms and bedrooms; everything from luxury condos to the lakefront homes on private roadways of Lorne Park Estates. Lorne Park Mississauga offers a wealth of privacy, parks, and tree covered streets, and it is augmented by charming boutique shopping areas, and highly rated schools.
disclosure: photos in this neighbourhood profile are for informational purposes only, and are not meant to portray or imply in any way, that these properties are for sale.
Lorne Park bungalow with Curb Appeal
Streets in Lorne Park
Lorne Park itself is a fairly large area, stretching for several kilometers along Lakeshore Rd. W., and it is easily accessed from the QEW highway by either the Mississauga Road, or Southdown Road exits.
Streets here include the main arterial roads Lakeshore Rd. W., Mississauga Road, and Southdown Road. plus additional streets such as Indian Road, Lorne Park Road, and Clarkson Road. There are a large number of ultra-luxurious streets hidden away in Lorne Park, including streets such as Birchwood Dr., Jalna Ave., and Spring Road. There is no shortage of prestige addresses here.
New Lorne Park Homes under Construction
Redevelopment has been very active in Lorne Park, and there are a number of new home custom builders working in the area today, offering all types of homes for sale, everything from new condos to ultra high end, chateau-grade mansions. One relatively recent development completed here is Watercolours, a sought after collection of new build luxury Lorne Park homes located just off Indian Rd.
secluded luxury in the forest
This area is blessed with some of the best schools in Mississauga: let’s take a quick look at the excellent schools in the area, which you may find useful if you have a family with school age children.
The Lorne Park school district is a sought after commodity in real estate circles, and there is a good selection of excellent schools here, including highly ranked Lorne Park Secondary School (high school), as well as Whiteoaks, Tecumseh, and Lorne Park public schools, and Hillcrest middle school. There is highly ranked Catholic elementary school St. Luke. French immersion is offered at two of the elementary schools, as well as Lorne Park Secondary School. The Catholic high school serving Lorne Park is Iona Secondary, which is located just outside of the Lorne Park boundary, in neighboring Clarkson. Full school rankings of all Ontario schools can be found at the Fraser Institute website.
Lorne Park Public School
|Lorne Park Public School|
|Junior Kindergarten to Grade 5|
|1325 Indian Rd. Mississauga ON. L5H1S3|
Tecumseh Public School
|Tecumseh Public School|
|Junior Kindergarten to Grade 8|
|1480 Chriseden Dr. Mississauga ON. L5H1V4|
Whiteoaks Public School
|Whiteoaks Public School|
|Junior Kindergarten to Grade 5 incl. french immersion|
|1690 Mazo Cresent Mississauga ON. L5J1Y8|
St. Luke Catholic Elementary School
|St. Luke Catholic Elementary School|
|Junior Kindergarten to Grade 8|
|1280 Cobalt Street. Mississauga ON. L5H4L8|
Hillcrest Middle School
|Hillcrest Middle School|
|Grade 6-8 incl. french immersion|
|1530 Springwell Ave. Mississauga ON. L5J3H6|
Lorne Park Secondary School
|Lorne Park Secondary School|
|Grade 9-12 incl french immersion|
|1324 Lorne Park Rd. Mississauga ON. L5H3B1|
Iona Catholic Secondary School
|Iona Catholic Secondary School|
|2170 South Sheridan Way Mississauga ON. L5J2M4|
Schools are indeed an important consideration when you are planning a move. One of the other important consideration is the price of homes in the area you want. While Lorne Park real estate isn’t particularly inexpensive, the lifestyle that you and your family will enjoy living here makes it a bargain. So now let’s have a look at recent real estate prices….
As one of the top areas of expensive homes in Mississauga, Lorne Park homes enjoy a large amount of MLS resale activity, reflecting a high amount of both local and international interest in this sought after neighbourhood. The Toronto Real Estate Board 2018 MLS numbers are in, and there were 147 firm sales reported of detached houses here throughout the year, a decrease from 174 in 2017. Of the 147 firm sales, all but 13 were over the $1 million dollar mark, and the market has remained fairly steady, in spite of headwinds created by various levels of government to cool the market. As a realtor working this area, I have compiled the top 20 sales in Lorne Park Mississauga, from Jan 1, 2018 to Dec 31, 2018:
Top 20 Lorne Park Real Estate Sales in 2018
|Address||Asking Price||Sold Date||Beds||Baths|
|1170 Tecumseh Pk||$2,499,000||09/15/18||5+4||6|
|1191 Indian Rd||$2,499,850||11/06/18||4+2||5|
|1230 Tecumseh Pk||$2,948,000||05/27/18||5||5|
|1305 Indian Rd||$3,488,000||11/07/18||4+1||6|
|1357 Mississauga Rd||$3,488,850||01/06/18||4+1||6|
|1553 Lorne Wood||$3,599,000||05/13/18||5+1||6|
|516 Indian Rd||$5,988,000||11/22/18||5||6|
Some further stats for all of Lorne Park Mississauga from 2018:
Average asking price for all detached homes sold: $1,830,567
Average sold price for all detached homes sold: $1,739,326 – a drop of about $100K, or 5.5%
Average days on the market (time it took to sell): 31, versus 19 days in 2017
Average sold price as a percentage of the asking price: 96%, versus 99% in 2017
Lorne Park, as the preeminent luxury area in the City of Mississauga, offers an attractive combination of impressive forest canopy, oversize lots, luxury real estate offerings, topnotch schools, boutique shopping, and easy commuting location, and this has resulted in steady and significant interest from the home buying public. People who have bought homes in Lorne Park have made significant gains on their investment, and we believe this trend will continue.
refined Cape Cod style on a private lot
Find Your Next Home in Mississauga
We hope that you have enjoyed our brief article on the Lorne Park real estate scene, one of Mississauga’s finest and most expensive neighborhoods, and home to one of Canada’s largest collection of luxury homes. Our tour today completes part 5 of our ongoing series on the top neighborhoods in the City of Mississauga.
Check out current MLS listings of Lorne Park houses for sale below, where you will find all types of homes, from bungalows and townhouses for sale, to massive estate properties right on Lake Ontario. Enjoy browsing up to the minute, real time available real estate in Lorne Park Mississauga.
Current Lorne Park Homes for Sale
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Part 5: The Most Expensive Homes in Mississauga
author: Randy Selzer