Luxury homes are prime pieces of real estate that exude refinement and exclusivity. Offering privacy and ample living space, these upscale properties are usually custom-built using premium materials and boasting luxurious designs. A lavish home showcases not only interior elegance, but also exterior appeal and provides high-end amenities inside and out. What’s more, luxury homes also usually have a story or history attached to them — they were either built by a prominent architect or are situated in a prestigious location. Showcasing steep price tags, professional real estate guidelines typically place high-end properties in the top 5% or 10% of the local housing market. People who buy luxury homes are usually high-net-worth individuals.
What is the difference between a house and a mansion?
While a standard house entails typical floor plans and amenities, a mansion is an imposing, single family luxury home with opulent and extravagant details.
What qualifies a mansion as a mansion?
Boasting a higher-than-average number of square feet and excess bedrooms and bathrooms, a mansion is much more than a big house for sale. Rather, it comes with high-end finishes and top-of-the-line appliances, as well as energy-efficient systems and smart home features. Sitting on huge lots of land, luxury mansions also boast breathtaking landscaping and unique architectural details. The typical designs for these buildings include classical, colonial or Victorian styles. They also offer some of the finest amenities and can entertain large groups of people. For example, mansions usually include commercial-grade kitchens and multiple common areas and leisure spaces — such as great rooms; lounges; games and theater rooms; gyms; spa facilities; pools; tennis courts; gardens with water features; hiking trails; guest houses; and so on.
What is the difference between a house and a villa?
A villa is a luxury property typically located in the countryside or on the coast. While a standard house is a family’s primary living residence, a villa is used as a retreat or is rented out as a vacation home when not occupied. A villa is a refined luxury estate with an airy design, including rich amenities and providing seclusion. These luxe properties usually come with lovely outdoor landscaping and boast a patio/terrace, a front garden and a private pool. They are either single detached or semi-detached and are part of a gated community, typically within a resort.
How do I find mansions for sale near me?
Mansions nearby are just a few clicks away on Point2. Check out the list of available expensive houses for sale on the website and select the ones near your location using the map view.
How many luxurious houses for sale are available in Mississauga, ON?
On Point2, you’ll find 443 luxury homes for sale in Mississauga, ON, with prices ranging from $1,000,000 to $29,900,000.
How do I search for Mississauga, ON luxury homes for sale?
Finding Mississauga, ON luxury real estate has never been easier on Point2. Simply filter the available listings according to price, square footage, number of bedrooms and bathrooms, or any amenities you might be interested in. Price drops are another feature at your disposal. This is especially useful in finding mansions for sale in Mississauga, ON that have reduced their asking prices in the last six months. Just be sure to save your search in order to receive new high-end listings that match your preferences directly to your inbox.
Positioned on the shoreline of Lake Ontario, Mississauga is located in the south of Ontario and has a population of 721,000, making it Canada’s sixth most populated city. Mississauga sits in the Greater Toronto Area (GTA), just 30 km west of Toronto. The city spans 288 sq.km and has 2 major rivers that feed into Lake Ontario, and consists of 23 neighbourhoods. The climate in Mississauga is largely influenced by the lakes, with hot and humid summers with temperatures that frequently rise above 30°C, and cold and snowy winters. Compared to the rest of the province the snowfall is fairly low and generally the city is snow-free for more than 6 months of the year.
Mississauga has experienced tremendous growth in recent years and although it was once developed as a suburb of Toronto, is now its own city. Many Fortune 500 companies have their headquarters here, and it’s also the home of Toronto Pearson International Airport. The strongest industries are banking, finance, pharmaceuticals, Aerospace and electronics and computers.
It boasts a diverse and fast growing population which has almost doubled in the last 25 years. Around 45% of the population is white; however, the remaining 55% is made up of South Asian, Chinese, Black, Filipino, Arab, and other ethnicities. English is spoken as mother tongue by 47% of the population. The city embraces arts and culture and hosts a number of festivals throughout the year to celebrate its different communities. Key attractions include the Art Gallery of Mississauga, its great shopping centres, and its many sports clubs.
Many people find Mississauga’s real estate market much more accessible and affordable than Toronto’s; however, it does remain a seller’s market due to recent price increases led by high demand. Sales have been decreasing slightly year-on-year which has likely been caused by the recent price uplift, but it’s still a very popular place to invest due to its close proximity to Toronto and confidence in the market.
Buyers are protected from the double land transfer taxes in Mississauga, and the key purchaser demographic consists of millennials and first-time buyers, move-up buyers, and foreign investors. The average sale price for a condo in 2016 was $367,000, which is rising due to high demand from locals and foreign buyers. To meet this demand, condos are currently under construction along with developments to Lakeview, the City Centre, Port Credit, and Erin Mills.
Many people are moving in from Toronto, Markham and Richmond in search of more affordable detached homes, and foreign buyers are driving the high-end market. As one of Toronto’s closest neighbouring cities, Mississauga is a very attractive option for buyers who are looking for more space and land and who are happy to commute. Homes are selling fairly quickly and it’s thought that prices will increase in the coming years. Mississauga is a great place to live and is an intelligent choice whether you’re a first-time buyer or an investor. Homeownership is possible here due to lower prices than Toronto, and the economy in Mississauga is strong, making it a low-risk option.
Luxury homes are in demand in Mississauga, and buyers consist primarily of local and foreign investors, move-up buyers, and baby boomers looking to downsize to a high-end condo. Buyers are also coming from the Vancouver market – where the 15% Foreign Buyer’s Tax was recently implemented – and are seeing the value in luxury property in places like Mississauga which is located so close to Toronto and the US border.
Luxury buyers are setting their sights on this Ontarian city which is so much more affordable than the west coast and Toronto, but is so desirable in terms of commute times and property size. It’s thought that the luxury trend will continue to increase in the GTA, especially those properties priced over $4-million as their sale rates are expected to outpace other areas of Canada.
The GTA is one of the fastest-growing real estate markets and although foreign buyers are a factor, local consumer demand is high, interest rates are fairly low, and people are catching on that the market is strong and stable and so are wanting to invest their money while prices are still relatively affordable. Areas such as Lorne Park, Erindale, Port Credit and Streetsville are considered as more upmarket and expensive neighbourhoods.