As one of Mississauga’s best-known neighbourhoods, Port Credit offers a unique lifestyle that can rarely be found elsewhere. With beautiful (mostly revitalized) properties surrounded by nature and outstanding new builds, Port Credit quickly set itself apart as a promising neighbourhood with an array of shops, restaurants, fine dining and other amenities that fit the needs of all resident categories; i.e. from families to empty nesters. As the jewel of Mississauga, the community appeals to potential homebuyers from around the GTA, and often, it’s the investors who compete for the beautiful Port Credit properties, and here is why:
Port Credit’s Growth And New Real Estate Development
Port Credit has always been known as a desirable place to live, but demand in this neighbourhood, and Mississauga in general, was certainly also spurred by the overdemand in Toronto, which pushed many buyers out who then turned to nearby markets to look for alternatives. Such a situation easily led to a faster appreciation of real estate in nearby areas as well, and naturally, in highly desirable Port Credit even more than in other GTA communities. Soon, demand grew, and new real estate developments and revitalization of older buildings were initiated, making Port Credit a strong and sustainable Mississauga neighbourhood with huge investment potential. Many new high-scale real estate projects which will feature condos, townhomes and semi-detached properties are still underway and they will attract even more investors and homebuyers.
One of the examples is West Village, the master-planned waterfront community, which will be a mixture of residential, business and entertainment properties and facilities that will include townhouses and mid and high-rise condo buildings, as well as a beach and waterfront park. The waterfront will be connected to Lakeshore Road with green corridors facilitating the movement of pedestrians, cyclists and cars. The master-planned complex is not only going to target the most affluent residents, but it will also include a number of affordable housing units, which means that investors/homebuyers can land a property even with a more modest budget. The new Port Credit real estate projects will encourage new businesses and create job opportunities which undeniably will lead to a population increase.
Geographic position and Transit
Port Credit is extremely popular because of its proximity to Toronto via Queen Elizabeth Way and Gardiner Expressway. It takes only half an hour by car or GO train to reach the big city, and having many residents who work in Toronto, is a huge advantage. Being close to the Toronto airport is yet another advantage enabling Port Credit to host international delegations and businessmen who visit once in a while. Port Credit will also be part of the new $1.4 billion and 20-kilometer long LRT (Light Rail Transit) project, including 22 stops, and part of it in Port Credit will be underground. The project is expected to be finished by 2022 and will certainly enhance daily commutes.
Quality of Life In Port Credit
The small-town feel adds to the charm of this vivid community and the idyllic scenic nature views, parks and the water. The biggest asset of Port Credit is being a waterfront community with many nearby beaches. It is the ideal place for families, young professionals and empty-nesters who are looking for a peaceful suburban-like environment that yet offers all big-city advantages. Port Credit ranks high in terms of quality of life with beautiful properties, all-around amenities and many green spaces, so it is no surprise that the housing demand is on the rise, where both homebuyers and investors can find what they are looking for. If you are interested in Port Credit real estate, contact us for more info!
