Village Score 7/10
In the 1800’s, Lakeview consisted of family owned farms. In 1915, a flying school was established south of Lakeshore Rd to train pilots for the military. During WW2 Lakeview housed soldiers and also had a large facility for creating weapons for the war effort. In the 1950’s sunburban expansion began with building of subdivisions such as Applwood Acres and Orchard Heights. Lakeview has been known for the coal fire generating plant that took up much of the waterfront.
Lakeview Real Estate Info
Like other areas in south Mississauga, Lakeview is going through a renaissance of redevelopment. The coal fire plant was torn down and plans are being made to redevelop the watefront over the next decade. Due to a growing population and rising property values close to the lake, Lakeview is in high demand for buyers looking to renovate homes. The general feeling is that demand in Lakeview will continue to grow and the redevelopment will do the same thing for lakeview that happened in Port Credit 20 years earlier.
Your Typical Neighbour in Lakeview Village
Like other areas in south Mississauga, Lakeview has a less diverse population. You will see less visible monorities and more long time Candian residents from European backgrounds. Lakeview is popular with older families and downsizers looking to create a custom home close to the water.
Score Factor 1 : Housing Characteristics
Pre War Homes
- In the area south of Atwater Ave to lakeshore rd you will find smaller, pre war homes
- Homes are closer together
- Many of these homes have been renovated or torn down to build newer custom homes
- Appeal to investors and developers
- Average Price range: 400,000 to 600,000
Post War 50’s Homes
- The most popular style of home in Lakeview is the 1950’s one and half story cottage style home. Typically on square 50 wide lots these homes are being snapped up by renovators and investors
- Untouched, these homes are quite small but many have been renovated
- Quiet, tree lined streets. Many streets do not have sidewalks, typical of suburban homes of that time period
- These homes appeal to couples, downsizers, and buyers looking to renovate
- Average Price Range: 500,000 to 800,000
Larger Suburban Homes
- The average home in Lakeview is smaller than other areas of Mississauga however you will find larger, more modern suburban homes scattered throughout the area
- Lakeview is ppopular with redevelopment and developers are buying lots, tearing down the old homes and building larger, luxury homes in their place
- Many of the homes in Lakeview offer a good location and good sized lots
- For buyers looking to renovate or invest, Lakeview is definitely an area worth considering
- The typical home in Lakeview is small, and 60 years old. To buy something affordable you will be looking at a lot of work to bring the home up to modern standards
Score Factor 2: Quality & Ranking of Schools
- Gordon Graydon Memorial Secondary School is one of the best high schools in Mississauga
- The Catholic High School, St. Paul doesn’t rank that well compared to other schools in Mississauga
Score Factor 3: Community “Vibe” and Amenities
- Lakeview has a Village Vibe, it is a real mix of suburban and urban
- Redevelopment of the waterfront will make this a very happening neighbourhood
- Easy access to the waterfront, Port Credit and Toronto make Lakeview
- Lakeview is still a neighbourhood in transition and certain streets will not appeal to your typical family buyer
Score Factor 4: Overall Affordability & Value
While much more affordable than Port Credit, Lakeview still demands a premium price due to it’s closeness to the Lake.
The value in Lakeview is tied to the future redevelopment of the area. Being so close to the water has investors pouring money into the area, redeveloping homes and businesses, similar to what happened in Port Credit 20 years ago. It’s my opinion that Lakeview will continue to grow and be in high demand and offers great value over the long term.
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