Mississauga mansion listed for $20 million is the most expensive home on Ontario real estate market
A breathtaking waterfront property in Mississauga has shattered records, becoming the most expensive home ever sold on Lake Ontario. Located at 928 Lynnrod Court, the seven-bedroom luxury estate was sold in late 2024 by listing agents Philip Rouse and Peter Papousek of The Papousek Team in an off-market deal.
While the exact sale price remains undisclosed, the home was listed for an eye-popping $19,999,850, surpassing the $17 million Saint George mansion on Doulton Drive, which previously held the city’s price record.
Nestled in Mississauga’s prestigious Lorne Park neighborhood, the property spans an expansive 1.2 acres and boasts nearly 300 feet of private lake frontage.
“The most special part about this property is the land,” said Rouse. “When you look out from the tip of the waterfront, all you see is water—you can’t even see your neighbors.”
The property’s unique bay location offers unparalleled privacy and mesmerizing views, including stunning sunrises over Lake Ontario.
The newly completed home, built in 2023, is a showcase of modern luxury:
- Size: 13,168 square feet of living space with five above-grade bedrooms, two additional bedrooms in the basement, and 12 bathrooms.
- Amenities: Includes an indoor pool, a state-of-the-art home theatre, a bar, and a wine cellar.
- Design: Features formal living and dining areas, a family room with wall-to-wall sliding doors opening onto a spacious terrace, and a chef’s kitchen with premium appliances and porcelain countertops.
- Security: The property is accessed through keypad entry and double gates, leading to a 10-car driveway and a four-car garage.
Selling a home of this caliber is no easy task, particularly since it was listed off-market, bypassing traditional real estate platforms.
The Papousek Team partnered with Property Influencers, who produced a 20-minute video showcasing the estate. The video garnered over 40,000 views on social media, eventually attracting the buyer.
The home was on the market for approximately 13 months before finding the right owner.
The sale is part of a growing trend in Mississauga’s luxury real estate market, which saw a 40% increase in sales of high-end properties during the last quarter of 2024, according to a Re/Max report.
“This sale is a testament to how amazing Mississauga is, and how amazing it can be,” said Rouse. Despite the spotlight often being on Toronto’s Bridle Path or Oakville’s southeast neighborhoods, Mississauga is proving its place among Canada’s most desirable locations for luxury living.
The record-breaking sale of 928 Lynnrod Court not only highlights the allure of waterfront living but also underscores Mississauga’s potential as a destination for high-end real estate. With its combination of natural beauty, privacy, and modern luxury, this property sets a new benchmark for