Port Credit Property Management
Considerably one of the most popular and recognizable waterfront communities in the greater Toronto area, Port Credit offers a tranquil and vibrant setting right on the bank of Lake Ontario in the Mississauga district.
The calming environment attracts dozens of new families each summer, as Port Credit boasts ample recreational amenities such as parks, waterside promenades, and the well-known Port Credit shopping district on the main road.
The area which in time has become an attractive destination for young families and retired citizens, a small handful of young and vibrant locals also frequent the many bars, eateries, restaurants, and artisan coffee shops.
Over the weekend, one will easily be able to spend an entire day boating or rowing on the water, while in the afternoon take a walk in one of the many open green parks in the neighbourhood.
There’s no shortage of fun-filled activities, as there’s always something to do and see. The Harbor and Heritage District are some of the most favored places for visitors to go, and only a few minutes from Downtown Toronto, city residents will easily make a day trip to Port Credit for some much-needed relaxation.
Information on Port Credit Neighbourhood
From the very first settlers to the establishment of a trading post in 1720, Port Credit has also been an epicenter of trade and commodity. By 1834, the Port Credit Harbor Company was founded, and during the 1900s a large revitalization of the area was established. By 1961, the neighbourhood would become its own town, but would, later on, be amalgamated with the City of Mississauga in 1974.
Since the early 1990s, there’s been a lot of activity revolving around the development of the Marina Park and lighthouse areas, as this was seen as one of the main attractions in the area. The present-day Port Credit has now expanded further inland and has quickly become a hub of local merchants, business people, and a large residential community.
Tall Oaks Park, St. Lawrence Park, Port Credit Memorial Park, JJ Plaus Park, and the larger JC Saddington Waterfront Park brings natural life to an area teeming with commercial activity.
On Lakeshore Road East, one will find an array of shops and restaurants, and at night one can enjoy the gleaming light of the Port Credit Lighthouse which shines over the neighbourhood.
From The Mississauga Music Walk of Fame, the public library to the Brueckner Rhododendron Gardens – history and sophistication meet harmoniously to offer a more relaxed and tranquil lifestyle for residents and tourists in the area.
A lot of effort has gone into creating a community that can easily rely on alternative modes of transportation, other than motor vehicles. The Port Credit neighbourhood has a walk score of 85, but there’s a variety of websites and experts who have mentioned that the area could perhaps have an even higher walk score.
Currently, there are a few transit options, with bus lines 2 and 23, with most bus stops situated on Mineola Road. Additionally, residents can make use of train line LW at the Port Credit Go.
Currently, there is no active bike score available for the neighbourhood, but some experts have claimed that Port Credit may have a bike score of 70 or higher.
School District Ratings
Some of the schools can vary when it comes to their ratings and score, with most of them averaging at around 7.4 and 8.1. The schools which one can choose from include Port Credit Secondary School, Forest Avenue Public School, Mentor College Primary, Mentor College Senior, St. James Catholic Global Learning Centre, and Applewood Rainbow Montessori School.
Average Rent and Sale Prices
Rental prices have been going up and down in recent months, with some apartments seeing a 1 to 3 percent increase. Currently, a one-bedroom apartment can rent for CAD 1,842 per month, while a larger two-bedroom apartment can cost on average CAD 2,170 per month.
Large three-bedroom apartments and semi-detached homes have seen the biggest price increase in one year, with a 25% yearly increase. The median monthly rent for these dwellings can be anything between CAD 3,100 and CAD3,480 per month.
Median house prices have also been fluctuating, and as of December 2021, the median house price was CAD 1.4 million. 35% of housing inventory is made out of detached houses, with 42% being condos and 17% semi-detached.
Investing in Port Credit
For investors, there’s a wide variety of new developments, and real estate available to purchase. Multi-unit homes and townhouses make up 4% and 1% percent of real estate inventory, respectively.
The area is filled with professionals, most being higher-income families. This makes it easy for investors to purchase property and real estate to rent.
Family homes will on average cost between CAD 899,000 and CAD 1 million. While a smaller condo or townhouse can be a bit cheaper, with prices closer to CAD 600,000 and higher.
Depending on your needs, there’s also a selection of commercial and retail spaces, and some are currently priced between CAD 900,000 and CAD 1.4 million. Retail and commercial property is extremely popular, and can easily become lucrative long-term investments.
Buttonwood Property Management
There’s no need to wonder how you will be able to find the perfect home or business premises in Port Credit, as Buttonwood Property Management has been working endlessly to ensure buyers and investors will have access to some of the most high-end real estate options the neighbourhood has to offer.
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