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Port Credit Condos
Port Credit Neighbourhood
Port Credit is a charming neighbourhood in Mississauga Ontario located at the mouth of the Credit River on the shores of Lake Ontario. It sits just east of Oakville, bordered by the CN Railway to the North, Seneca Avenue to the East and Godfrey’s Lane to the West. A picturesque pocket of the city with a rich history, It’s downtown stretch is now a heritage conservation district. Residents here love the quaint lakefront lifestyle and the perks of living in a place with big-city amenities and a small-town feel.
As of 2016, the population was 12,500, which is estimated to grow to almost 14,000 by the year 2030.
Residents in the 35-39 age group make up the largest portion of the population, followed by those in the 30-34 age range. Statistics show that 48 percent live in high-rise apartment buildings and 67 percent of residents are renters, compared to only 28 percent of Mississauga as a whole. As of 2016, the average household income was $57,948.
This neighbourhood also has its own GO Station, which is a major perk for those looking to live or invest in this lakeside neighbourhood. The train will take you to Toronto’s Union Station in under 30 minutes. Most homes are within walking distance of the station, which also serves as a hub for MiWay, Mississauga’s regional transit system.
For those commuting by car, Lakeshore Boulevard runs through the neighbourhood, connecting you with downtown Toronto and Oakville easily.
Mississauga’s proposed Hurontario LRT, expected to be in operation starting 2018, will include a terminus in Port Credit, enabling residents to get as far north as Brampton in record time. With three stops planned for Mississauga’s City Centre and Square One, commuting here is about to get a major boost, which makes it a great time to invest in the neighbourhood now.
Neighbourhood ’s harbour is mostly used for recreational boating, but is also a hub for music and art festivals. The annual Waterfront Festival draws over 50,000 visitors every year. The marina’s promenade is located along one of Lake Ontario’s most picturesque parks and features a playground, boardwalk and outdoor eateries.
A short walk away from the marina and you’ll find yourself in the heart of the village, where the charming, historically-rich scenery allows you to indulge in an experience you won’t find anywhere else in Mississauga Ontario. Here, a lively Business Improvement Association boasts over 400 businesses, where you’ll find shops offering everything from books, music and novelties to health food and home décor. A selection of restaurants, cafes and patios offer a variety of global cuisine, cocktails and live music.
This lakeside hideaway is just starting to welcome the condominium market, with a select few proposals in the works. In a neighbourhood where the majority of the population consists of professional couples who are looking to rent, combined with a shortage of luxury condominium units and a rapid transit system poised to launch nearby, this could be a strategic place for the keen investor to consider buying real estate. It doesn’t hurt that the neighbourhood boasts some of the GTA’s most charming and historically-rich features!