Village Score 9/10
About Lorne Park
In the 1800’s, Lorne Park used to be the Hampton’s for Toronto’s elite class. As it came into the fold of Mississauga, it did not lose it’s high end appeal. Drive through the area and it’s easy to see why; quiet streets, mature trees, character homes….quiet, elegant living.
Lorne Park Real Estate Info
Lorne Park has grown and evolved over a hundred years. As large lots of land were sold and parcelled off, you will see the mix of original cottages, as well as builder developments from the 50’s to the 80’s. Also very common are the infilling of tear downs and complete renovations. The newest and probably last home development in Lorne Park is called Watercolours, and was built in the early 2000’s.
Lorne Park is a very eclectic areas and no matter what your style, you will find it here. The more affordable areas are located in the north near the highway and in the south near the train tracks. But if you want to live in Lorne Park Proper, where there is a true mix of old homes and new build estate homes, bring your chequebook as this won’t be cheap. Prepare to see prices from $900,000 to over $4.5 million.
Your Typical Neighbour in Lorne Park
There are many older residents who have lived in Lorne Park for 30+ years and have watched their home value rise exponentially. But there are also younger families who are professionals or business owners. This area is quite elite and there is minimal demographic diversity.
Score Factor 1 : Housing Characteristics
There are a wide variety of housing styles in Lorne Park , however the one thing they all have in common is that owning a home in Lorne Park will cost you. Homes in Lorne Park are on average some of the most expensive homes in Mississauga. Below are the three most common categories of homes you will find in Lone Park.
Suburban 70’s Style Homes
- Generally come in 2 story, split level and ranch style
- Mature, tree lined streets
- These homes are in high demand because the price point is affordable in Lorne Park
- Appeal to families and people looking to add their personal touch
- Average Price range: $1.2 million
- Mattamy built, high end sub division
- Homes have modern design and floor plans
- neighbourhood is good for families with children
- Watercolours appeals to families looking for a turn key luxury home
- Average Price Range: $1.5+ million range
Custom Dream Homes
- Lorne Park has been a popular destination for investors and developers
- Lorne Park has the largest number of custom estate homes in Mississauga
- These homes are built on great lots on exclusive streeets
- This style of home appeals to high end buyers looking for a show stopper home with a great lot for outdoor entertaining
- Average Price Range: starting around $2+ million
- There is amazing variety of homes, so there is no cookie-cutter feel here. As you drive from street to street you will see the vast diversity and character of homes.
- There are beautifully renovated and new build homes; the most popular styles being Craftsman and French Country Revival. There are many homes that make a grand statement.
- If space is what you are after, Lorne Park delivers; the average lot is larger than other areas of the city, and the home lots tend to be wider than newer developments.
- Curb appeal is king in Lorne Park, as the majority of homes are very well kept. The maturity of trees and sheer elegance of landscaping cannot be beat.
- Aside from the newest renovated homes as well as Watercolours, many of the homes in Lorne Park were built 30+ years ago and may be in need of cosmetic updating to bring them up to modern expectations. If you want move in ready with no cosmetic updating to do, you will definitely pay a premium.
Score Factor 2: Quality & Ranking of Schools
Schools in Lonre Park are among the best in Mississauga, and this is one of the main reason the neighbourhood is popular for families looking for a luxury home.
- Lorne Park Secondary school (public) is among the top 5% of schools in all of Ontario. It has always had a very strong reputation.
- Iona Catholic Secondary School is well respected, and fall within the top 16% of schools in all of Ontario.
- The elementary schools in Lorne Park are among the top in the city, and offer a great french immersion program.
- It is likely that you would want to drive your elementary aged children to school, as many streets are quite a distance from the schools. You would need to factor this into your daily routine.
Score Factor 3: Community “Vibe” and Amenities
- If you are looking for quiet, serene living, this is the place to be.
- You can walk to downtown Clarkson from much of Lorne Park, and in the eastern part of the area you are walking distance to Port Credit, where you can enjoy the downtown life of bars, shops and restaurants.
- Lorne Park is 99% homes, as it was old cottage country. It is streets and streets and streets of homes and not much else
- A portion of Lorne Park flanks the railroad tracks, which is less desirable and does not hold the same value
Score Factor 4: Overall Affordability & Value
This area is not affordable for the average family buyer. Cheaper streets exist near the highway and train tracks, and if you want to get into the neighbourhood for the schools, then this might be worth it for you. But homes throughout the area start around $1 million and shoot up from there.
Though the price is high, the value is higher. This is one of the most prestigious areas west of Toronto, let alone Mississauga. The character homes, the winding streets, the mature trees and landscaping all offer a wonderful environment to live. You can’t find living like this just anywhere, which is why it has its prestige reputation.
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