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By 2031 Mississauga’s population and employment is expected to increase to approximately 805,000 people and 510,000 jobs.
Lakeview is 99.148 hectares in size and is a varied neighbourhood that has been acknowledged for the power generating plant that once took up a great deal of its waterfront, until the plant shut its doors and the smokestacks were bulldozed in 2006.
It sits at the south-easternmost part of Mississauga, and is positioned along the northern shores of Lake Ontario. It simply runs forth to Cooksville Creek to the west, north to the (CNR) Canadian National Railway line and its eastern boundary sits at Etobicoke Creek.
The plan is to reinvigorate the area which has been spearheaded by its very own residents, who have realized the value of this prime waterfront location and its demand for a downtown strip or village centre of sorts for its inhabitants.
The revitalization project of the Lakeview waterfront, will encompass new residential condos, stacked homes and townhouses, cultural, institutional, office and retail spaces. This will enhance its populace to roughly 15,000-20,000 new citizens, which in turn- opens the opportunity for more people to be able to step into the housing market.
Land here will continue to appreciate as the area improves. Parks and trails will traverse through its many acres of green zones. New office and commercial businesses will open shop, with the intention of injecting roughly 7,000 to 10,000 new jobs for the area and will create an opportunity for a central hub that will include galleries, boutiques and much more. This area will likely emerge as the new downtown core for Lakeview.
Lakeview chiefly features detached houses, accounting for 60% of sales pursued by condos at 21% and condo townhomes at 10%. Bungalow dwellings are the most prevalent trend and the majority of properties have 3-bedrooms. The typical price in Lakeview over the past year was $866,461, a decrease of 3% over the same period last year. The average freehold price over the last year was $1,006,582 as compared to the average condo price of $567,701 over the same identical period.
The City aims to build exclusive spaces that will constitute a lively walkable and connected neighbourhood in the heart of Mississauga’s waterfront, placing Mississauga on the map as a world-class destination. This waterfront village is family-friendly, since it houses several elementary schools such as Westacres PS and Janet / McDougald PS, three high schools- Gordon Graydon Memorial Secondary School, St. Paul Secondary School and Cawthra Park Secondary School.
A Metro grocery store. The Lakeview Branch Library, several banking institutions, and a plethora of other services are all nearby. There is an abundance parks that also run along Lake Ontario, that invites biking, jogging, hiking, or even leisurely walks, in addition to many well-lit baseball diamonds and fields that encourages a healthy lifestyle.
Along it’s waterfront is the idyllic, Lakefront Promenade Marina, Port Credit Yacht Club, G. E. Booth Wastewater Treatment Plant, Lakeview Water Treatment Plant, Marie Curtis Park, Lakeview Park, two golf courses, splash pads, restaurants, picnic areas, parks and trails respectively.
The neighbourhood is commuter friendly too with Mississauga Transit as its main public transit system and it has several bus routes like, 23 Lakeshore, 8 Cawthra and 5 Dixie, that transports its residents and visitors alike, to get where they need to be, in no time-making travelling a breeze. Long Branch, Dixie and Port Credit GO Stations are also within close proximity, which allows you to reach downtown Toronto in about 35 minutes.
There are currently networks to six TTC bus lines at Long Branch GO Station, therefore making this a vital station for many. As for drivers, there are many arterial roadways - living just minutes from the QEW gives you highway access that interconnects with other major thoroughfares, making the entire GTA exceptionally accessible.
The vision for Mississauga is that it will be an exquisite sustainable city that preserves its natural and cultural heritage assets, particularly by the waterfront. The City is planning for a durable, diversified economy that is backed by a range of mobility options and a variety of housing alternatives and community infrastructure to create distinct, complete communities.
The future is bright for MIssissauga, especially in Lakeview, which will surely have an immense appeal for buyers and investors, once the transformation comes into effect. It will be a vibrant, sustainable and more connected neighbourhood, by revamping the waterfront into a destination for all to enjoy.
Are you in search of a neighbourhood that has high appreciation potential? Look no further - Lakeview is where it’s at, it’s a great landing spot for you and your family to set down roots. Register with us today! Don’t miss your opportunity to invest in this prospering neighbourhood that is drawing more families, professionals and downsizers with every new development.
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