Lakeview is a neighborhood located in the south-easternmost border of Mississauga, positioned along the northern shores of Lake Ontario. It extends to the Canadian National Railway line in the north, Cooksville Creek in the west and is bordered by the Etobicoke Creek in the east. Lakeview measures 99.148 hectares in size and is a varied neighborhood that is known for the power generating plant that had once occupied its waterfront, until it was shut down in 2006. The area is undergoing a major renovation and it has been estimated that the population of Mississauga will increase to 805,000 by 2031, also creating an additional 510,000 jobs around. The plan here is to reinvigorate the area which has been initiated by its own residents, who have over the years realized the beauty and value of its prime location at the waterfront. Once done, the neighborhood will consist of new condo developments, townhouses, stacked homes along with institutional, cultural, office and retail spaces. The implementation of this will drive up the population of the neighborhood by 15000-20000 residents approximately. Lakeview will continue to improve as everything is uphill from here. Several green spaces are being set up in the form of parks and trails. The neighborhood will also see several new offices with commercial businesses with the intention of generating an approximate 7000-10000 new jobs for the area. The plans also include boutiques, galleries and much more. This area will soon emerge as the downtown core for Lakeview.
Detached houses are the most common in Lakeview and account for 60% of the total home sales. With the reinvigoration plan, condos are coming up in number too and account for 21% of the sales, followed by condo townhouses which are the least common and only account for 10% of the total sales. Bungalows houses are the most popular here and most of the properties consist of 3 bedrooms. The typical price over the last year in Lakeview was $866461, which is a decline of 3% from the previous year over the same term. The average freehold price last year stood at $1,006,582, against the average condo price of $567,701 over the same period. The city of Mississauga has several plans for the waterfront which include exclusive spaces with a lively walkable and connected neighborhood, making Mississauga a world-class destination. This new and improved waterfront village will be family friendly as it features several educational institutes such as Westacres PS and Janet/MacDougald PS, Gordon Graydon Memorial Secondary School, St Paul Secondary School and Cawthra Park Secondary School.
Lakeview is a very walkable neighborhood and ensures the availability of amenities around within walking distance. A Metro grocery store is available just around the corner and is home to all your daily essentials. Lakeview also has the Lakeview Branch Library, multiple banks and a vast array of other services to make your daily life convenient and enjoyable. Along the waterfront are several parks that are ideal for biking, jogging, walking and hiking. Besides these the neighborhood also has several well-lit baseball diamonds to promote a healthy lifestyle. Other interesting places to visit along the waterfront include Port Credit Yacht Club, G.E. Booth Wastewater Treatment Plant, Lakefront Promenade Marina, Marie Curtis Park, two golf courses, Lakeview Park, splash pads, picnic areas and restaurants.
Why invest in Lakeview Real Estate?
Lakeview has immense potential when it comes to being an ideal neighborhood suitable for all age groups and communities. With the reinvigoration process in place, the neighborhood has already started to witness an immense amount of changes taking place. The neighborhood has everything that you can ask for, be it shopping centres, restaurants, educational institutes or even green spaces. The prime location of Lakeview along with the excellent transit system allows residents to travel effortlessly in any direction around the city and beyond. This makes the neighborhood very desirable for working professionals along with families who have been given the privilege of several schools around. One of the main reasons to invest here is the fact that real estate prices here are still comparatively less compared to Toronto. Investing now would be the ideal thing to do before the population take an aggressive expansion and thereby shoots up the prices. The vision for the city of Mississauga is to develop into an exquisite and a sustainable city that not only looks into new ventures but also preserves its natural and cultural heritage assets, particularly the ones by the waterfront. With several condo projects coming up along with the existing townhouses and detached homes, there are several options available to choose from. The growing rate of real estate prices ensures you a premium return on your investment a few years down the line. You can also turn it into a monthly income if you choose to rent it out. The future for this neighborhood is bright, with immense appeal for both buyers and investors, once the transformation is in place.
One of the best features of Lakewood is its access to public transportation. Mississauga Transit is its main public transit system and provides residents with several on-road public transportation options. There are several bus routes available here such as the 23 Lakeshore, 5 Dixie and the 8 Cawthra that transports the residents of the neighborhood as well as visitors to any part of town within no time. The GO Transit system is popular too and can be availed at the Long Branch, Dixie and Port Credit GO Stations which can be reached conveniently by walking. GO Transit has the capacity to transport commuters to downtown Toronto within 35 minutes. Lakeview also is served by six bus lines of the Toronto Transit Commission.
Residents with vehicles who prefer to drive have access to several arterial roadways to help them get around the city without any hassle. The Lakeview neighborhood is also in close proximity to the Queen Elizabeth Way, making it easily accessible. This highway not only connects residents to places within the city, but also allows them to travel to other major thoroughfares, thereby making the entire Greater Toronto Area just a few minutes and hours away.
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