Basement Finished with Walk-Out, Separate Entrance
What you should know
961 Lakeshore Rd W is a 6-bedroom, 5-bathroom detached home in Mississauga, listed for $1,549,900. It has 2500-3000 sq ft of living space.
1A property of this scale rarely surfaces in Lorne Park.
2The infrastructure is already in place: an oversized two-car detached garage and an expansive driveway accommodating 10+ vehicles - rare utility for a lot of this calibre.
The Land Speaks for Itself. A property of this scale rarely surfaces in Lorne Park. At 103 feet of prime frontage on Lakeshore Rd W, this oversized lot offers a genuine choice: build the landmark luxury estate this address deserves or pursue a boutique development play. In the meantime, the property works hard. Two detached homes - each on independent water, gas, and hydro meters - generate approximately $8,500/m in rental income, giving you a productive hold while you plan and permit. The infrastructure is already in place: an oversized two-car detached garage and an expansive driveway accommodating 10+ vehicles - rare utility for a lot of this calibre. The location needs little elaboration. Steps to the Lake Ontario waterfront and its trails. Walking distance to top-ranked schools. Minutes to Port Credit Village, the QEW, and GO Transit. Surrounded by custom residences in the multi-million-dollar range - the neighbourhood sets the ceiling high. Whether your vision is a private estate or a curated development, the fundamentals here are hard to replicate
6 bedrooms, 5 bathrooms, about 2,500 sq ft, works out to roughly $620 per square foot. Chat with Zara if you'd like a deeper read on whether this detached fits your budget and timing.
Inside 961 Lakeshore Rd W
Every detail from the listing, in one place.
Type
Detached
Style
2-Storey
Living space
2500-3000 sq ftas stated on the listing
Lot size
102.59 x 172.67 Feet (Irregular)
Parking
12 spacesYes garage
Basement
Finished with Walk-Out, Separate Entrance
Features & systems
Parking & garage
Garage
Yes
Parking spaces
12
Interior
Basement
Finished with Walk-Out · Separate Entrance
Lot & land
Lot dimensions
102.59 x 172.67 Feet (Irregular)
Lot size (sqft)
0
Lot features
Irregular Lot
Listing & possession
Property style
2-Storey
Property class
Detached
961 Lakeshore Rd W Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® W13721594$1,549,900
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 961 Lakeshore Rd W Compares to the Mississauga Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
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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
$7,614
/mo
based on the purchase price of $1,549,900
$309,980 cash
$1,239,920 financed
$1,044,338 total interest
Principal54%$1,239,920
Interest46%$1,044,338
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.
For homeowners nearby
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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 5–8 bed homes for sale in Mississauga around $1.5M.
Average days on market33Homes sold in about 33 days on average.
Sale-to-list ratio97.7%On average, homes sold below asking.
Active listings2,939Homes for sale here right now.
Median vs prior 90 days−0.6%Compared with May 2 – Jul 31, 2026: prices down.
Based on 2,152 sales from Jul 31 – Oct 29, 2026 (1,606 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
961 Lakeshore Rd W is listed at $1,549,900 (MLS® W13721594). Summitly updates the price as soon as the MLS® record changes.
Is $1,549,900 a good price for 961 Lakeshore Rd W?
Summitly rates it Good Deal: the asking price is 3% to 10% below 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 961 Lakeshore Rd W changed?
No — 961 Lakeshore Rd W is still listed at its original asking price of $1,549,900.
How many bedrooms and bathrooms does 961 Lakeshore Rd W have?
961 Lakeshore Rd W has 6 bedrooms and 5 bathrooms, with about 2,500–3,000 square feet of living space. It is a detached home in Mississauga.
Is 961 Lakeshore Rd W close to transit?
The nearest rapid-transit station is Port Credit GO Station (Lakeshore West GO), about 2.8 km in a straight line. Clarkson GO Station is about 3.4 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How much would the monthly mortgage be on 961 Lakeshore Rd W?
About $7,614 a month — principal and interest on $1,549,900 with 20% down ($309,980), 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 961 Lakeshore Rd W compare with other homes in Mississauga?
Its asking price of $1,549,900 is about 77% above the median sold price in Mississauga over the last 90 days, $875,000, across 2,152 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 961 Lakeshore Rd W been sold before?
Summitly has no earlier MLS® sale or lease of 961 Lakeshore Rd W on record from the last two years. Older records aren't shown under TRREB rules.
Where is 961 Lakeshore Rd W?
961 Lakeshore Rd W is in Mississauga, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 961 Lakeshore Rd W been on the market?
62 days — 961 Lakeshore Rd W was listed on August 28, 2026.
What is the price per square foot of 961 Lakeshore Rd W?
About $517 to $620 per square foot: the asking price of $1,549,900 over the 2,500–3,000 sq ft the listing gives as its size range.
Does 961 Lakeshore Rd W have parking or a garage?
Yes — the listing gives 12 parking spaces. Garage: Yes.
