About Port Credit
Port Credit is a great neighbourhood comes with a great price tag – getting into this area of South Mississauga will cost you a pretty penny, although there are some more affordable options depending on your tastes and must-haves.
Real estate in Port Credit ranges from some very affordable condos by the Go Station, some higher-end developments closer to the water in and around Port St, condo townhouses dispersed throughout and more expensive older character homes.
If you’re on a budget trying to get into this neighbourhood you might consider some of the condos in and around Park St/Elizabeth St close to the Go Station. The location for these properties is prime as you are close to the main strip in Port Credit at Lakeshore and Hurontario, and may even get lake views depending on the orientation of the unit. The units are typically large (2+ bedrooms), and are quite affordable in comparison to the surrounding. So, what’s the catch? Some of these properties do not have their own laundry rooms, and some utilize baseboard type heating (that means no AC). The buildings are much older, lack their own amenities, and are dispersed throughout an area where there are a lot of rental apartment buildings. The economic spread in Port Credit can be quite large and can be seen throughout these rentals.
There are some newer condo developments (1 Hurontario, Port St condos) that are great for young families, young professionals, and retirees – these are a bit closer to the water and do command a higher price tag than the latter.
Condo townhouse developments range from the Ports of Olde Port Credit at Park and Hurontario – where the majority are three-storey homes, with the caveat being that they lack a backyard and are quite close to the train tracks, to the higher end (million dollar plus) executive condo townhouses by the lake just south of Lakeshore and Hurontario.
The freehold market in this neighbourhood is out of reach for the average buyer (even when looking at some of the smaller detached homes – land in this area commands a premium). Port Credit is also known for its larger custom homes and updated/renovated 50s and 60s era properties interspersed throughout the community.
As the Hurontario LRT was introduced to the neighbourhood, developments started popping up. Some older homes and buildings are in the process of being removed and the land redeveloped by the Go Station into some higher-end condo properties (Tanu), but the biggest redesign is “West Village” coming to the waterfront – 2,500 housing units, a community centre, parks and commercial space on the old oil refinery.