The lure to live in Port Credit is getting stronger and stronger as the Village is developed and rejuvenated.
The addition of several hundred high end condominiums has added a much needed boost in the number of alternative housing for the South Mississauga empty nesters and professionals. When the resales of the new Fram 'Northshore' development at #1 Hurontario get registered and come on the market we should see prices in the $400k range up to $1.5m or so.
The renovated PumpHouse Grill has helped re-energize Port Credit's bar scene and encouraged other venues like Roc n' Docs and The Brogue to improve their facilities. The much anticipated 'No Frills' re-development will surely add to the improved overall 'vibe' of the village with it's new retail store fronts. In addition there will be 3 storeys of offices above the Lakeshore storefronts and a tiered 11 story residential condominium to occupy the parking lot area of the current store. A little bit to the west the former Briarwood Chev Olds dealership is well on it's way to being the new home of the Credit Landing Shopper's Drug Mart.
So what does all this commercial development mean to current residential home owners in and around the Port Credit area including; Mineola, Lorne Park, Lyndwood, Lakeview, Rattray and Gordon Woods? It means that your property values will continue to have a strong resale value and make the South Mississauga community more vibrant and desirable. To the real estate investor or to the person looking for a great place to live, Port Credit and the above neighbourhoods offer a ton of amenities and more and more reasons to invest in this marketplace.
As always, I am here to help with all your Real Estate needs! Visit my website at www.timbishophomes.com