Client RemarksA 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 Have Completed, Further Enhancing The Long-Term Value And Enjoyment Of The Property.
5 bedrooms, 4 bathrooms, about 3,000 sq ft, works out to roughly $1,500 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 42 Cumberland Dr
Every detail from the listing, in one place.
Type
Detached
Style
1 1/2 Storey
Living space
3000-3500 sq ftas stated on the listing
Parking
6 spacesYes garage
Basement
Finished, Walk-Up
Features & systems
Parking & garage
Garage
Yes
Parking spaces
6
Interior
Basement
Finished · Walk-Up
Lot & land
Lot size (sqft)
1.407
Listing & possession
Property style
1 1/2 Storey
Property class
Detached
42 Cumberland Dr Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
Independent mortgage broker · OAC · rates subject to change and underwritingMortgage Squad →
Referral disclosure: Summitly may refer you to Mortgage Squad Advisors, an affiliated mortgage partner. You are free to choose any lender or mortgage professional.
Monthly cost
Enter a rate to see the monthly cost
An estimate, not a quote. Utilities and insurance are extra.
Affordability calculator
Estimated monthly payment
$22,107
/mo
based on the purchase price of $4,500,000
$900,000 cash
$3,600,000 financed
$3,032,145 total interest
Principal54%$3,600,000
Interest46%$3,032,145
20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.
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Figures are Summitly estimates for illustration only — not from TRREB or the MLS® feed, and not a mortgage approval, appraisal, or financial advice.
Rental income potential
Est. monthly rent
low–high
Gross yield
rent × 12 ÷ price
Cap rate (est.)
net of tax + fees
Summitly AI estimate for discussion only — not from TRREB or the MLS® feed, and not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price.
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Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Similar homes for sale nearby in Mississauga
Other 4-bed homes for sale in Mississauga around $4.5M.
Average days on market34Homes sold in about 34 days on average.
Sale-to-list ratio97.6%On average, homes sold below asking.
Active listings2,985Homes for sale here right now.
Median vs prior 90 days0.0%Compared with May 7 – Aug 5, 2026.
Based on 2,153 sales from Aug 5 – Nov 3, 2026 (1,628 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
42 Cumberland Dr is listed at $4,500,000 (MLS® W13802868). Summitly updates the price as soon as the MLS® record changes.
Is $4,500,000 a good price for 42 Cumberland Dr?
Summitly rates it Well Above Market: the asking price is 15% or more above Zara's estimate, an estimate built from recent sales in Mississauga. The rating is an automated opinion, not an appraisal; "What's it worth?" on this page shows how it is worked out. See Zara's estimate
Has the price of 42 Cumberland Dr changed?
Yes — it was first listed at $4,899,000 and is now $4,500,000, a drop of $399,000 (8.1%).
How many bedrooms and bathrooms does 42 Cumberland Dr have?
42 Cumberland Dr has 5 bedrooms and 4 bathrooms, with about 3,000–3,500 square feet of living space. It is a detached home in Mississauga.
Is 42 Cumberland Dr close to transit?
The nearest rapid-transit station is Port Credit GO Station (Lakeshore West GO), about 1.0 km (about a 13-minute walk) in a straight line. Long Branch GO Station is about 4.6 km, and Cooksville GO Station is about 4.9 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 42 Cumberland Dr?
About $22,107 a month — principal and interest on $4,500,000 with 20% down ($900,000), a 25-year amortization and an assumed 5.5% interest rate. The mortgage calculator on this page lets you change the down payment, amortization and rate.
How does 42 Cumberland Dr compare with other homes in Mississauga?
Its asking price of $4,500,000 is about 414% above the median sold price in Mississauga over the last 90 days, $875,000, across 2,153 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 42 Cumberland Dr been sold before?
Summitly has no earlier MLS® sale or lease of 42 Cumberland Dr on record from the last two years. Older records aren't shown under TRREB rules.
Where is 42 Cumberland Dr?
42 Cumberland Dr is in Mississauga, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 42 Cumberland Dr been on the market?
46 days — 42 Cumberland Dr was listed on September 18, 2026.
What is the price per square foot of 42 Cumberland Dr?
About $1,286 to $1,500 per square foot: the asking price of $4,500,000 over the 3,000–3,500 sq ft the listing gives as its size range.
Does 42 Cumberland Dr have parking or a garage?
Yes — the listing gives 6 parking spaces. Garage: Yes.
