Lakeview Village, Mississauga’s big waterfront project, hit a key construction milestone. October 2024 saw the start of work on Harbourwalk, the first homes in this new area. This marks a big step in turning an old industrial site into a lively, green community. It’s a major boost for Mississauga’s housing options and brings new life to the city’s waterfront.
Lakeview Village Construction Milestone
The start of Harbourwalk Condos by Tridel kicks off a new phase for Lakeview Village. After years of planning, we’re now seeing homes being built. Harbourwalk isn’t just a building; it’s the first real sign of the community coming to life.
These condos will have one, two, and three-bedroom homes. They’ll have stepped balconies facing the lake. This design choice is a key feature in recent Lakeview Village project news, as it gives residents great views and makes the building look good from the outside too. The unique architecture is set to become a landmark in this developing waterfront community.
Lakeview’s Residential Units Mississauga
Lakeview Village will add a lot of new homes to Mississauga. At first, it was to have 8,050 units. Now, that number might double to 16,000. This helps meet the growing need for homes in the Toronto area. It also creates a diverse community with many uses.
The project includes:
- Different types of homes for various needs
- At least 5% affordable units in the first 8,050 homes
- More affordable and mixed types in the expanded plan
- New lakeside living options in Mississauga
This influx of new homes will change Mississauga’s housing market. It offers fresh choices for current and new residents alike. The expanded plan, developed with the city and provincial facilitators, adds even more benefits. It includes $28 million for the Lakeview Village Pier, on top of the earlier $14 million for community perks.
Also, 5% of homes beyond the first 8,050 will be affordable. Another 5% will offer mixed options like shared equity mortgages or market rentals. This plan ensures the extra homes fit well with the community’s needs.
Mississauga Real Estate Updates
The launch of homes at Lakeview Village is big news for Mississauga real estate. This project turns 177 acres of old industrial land into a modern, green community. It’s not just about new homes; it’s creating a new way to live in Mississauga.
Key features include:
- 180,000 sq. ft. of shop space
- 67 acres of lakefront land for parks, jobs, and culture
- 27 acres of parks overall
- Over 14 acres for businesses
- Plans for 1.5 million sq. ft. of workspace
These elements will draw diverse residents and businesses. This could affect property values and trends across Mississauga. The mix of homes, shops, and work areas makes Lakeview Village a complete community. It is going to change how people live and work in the city.
Lakeview Village shows a new approach to community development in Mississauga. People want these waterfront spaces, and the government and LCPL are working hard to deliver. The plan goes beyond typical development, aiming to revive Serson Creek and plant a million sunflowers. If the planned Innovation District succeeds, it could be groundbreaking for the city. This project isn’t just about buildings; it’s about creating a vibrant and sustainable community that Mississauga residents have long desired.
Future of Lakeview Village
Lakeview Village has an exciting future ahead. The project will grow over the next 15-20 years. It will turn the area into a busy lakefront community. One of the most thrilling parts is the planned tech hub, aiming to be Canada’s largest center for innovation and research.
Other future highlights include:
- A big public pier stretching 600 meters into Lake Ontario
- Over 5.5 kilometers of new bike paths
- A new trail along the water
- Modern, eco-friendly design features
As these plans come true, Lakeview Village will be more than just homes. It will be a destination, drawing visitors, businesses, and new residents to Mississauga’s renewed waterfront.
The City Council and LCPL are working together on this big project. Top builders like TACC, Greenpark, CCI, Branthaven, and Argo are involved. Work has started on the energy center and water systems. Keep an eye out for updates as we build this new, green community by the lake.
