Is Lorne Park Real Estate a Good Investment?
from Temagami Cres. to Tecumseh Park Drive
the most expensive homes in Mississauga – part 5
All About Lorne Park Mississauga
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.
As a real estate agent in Lorne Park Mississauga, I know that 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||JK - 5||1325 Indian Rd|
|Tecumseh||JK - 8||1480 Chriseden|
|Whiteoaks||JK - 5 incl french immersion||1690 Mazo|
|St. Luke||JK - 8||1280 Cobalt|
|Hillcrest||6-8 incl french immersion||1530 Springwell|
|Lorne Park||9 - 12 incl french immersion||1324 Lorne Park|
|Iona Catholic||9 - 12||2170 South Sheridan|
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….
Even though Lorne Park is renowned as of the top areas of expensive homes in Mississauga, sales activity here reflected the pivot in the market that happened in 2022.
The Toronto Real Estate Board 2022 MLS numbers are in, and there were 107 firm sales reported of detached houses here throughout the year, a substantial drop from the 196 recorded in 2021.
Of the 107 firm sales, approximately 60% were over the $2 million dollar mark, so prices remained respectable in the face of multiple interest rate hikes.
As a realtor working this area, I have compiled the top 20 sales in Lorne Park Mississauga, from Jan 1, 2022 to Dec 31, 2022:
Top 20 Lorne Park Real Estate Sales in 2022
|Address||Asking Price||Sold Date|
|1310 Queen Victoria||$3,700,000||11/12/2022|
|1296 South Aldo||$4,998,000||04/06/2022|
|1491 Indian Grove||$6,900,000||02/26/2022|
Some further stats for all of Lorne Park Mississauga from 2022:
Average asking price for all detached homes sold: $2,541,818
Average sold price for all detached homes sold: $2,555,194
Average days on the market (time it took to sell): 19
Average sold price as a percentage of the asking price: 102%
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.
It has always attracted 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 that once the market stabilizes, the 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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