An unsightly coal-fired power plant dominated the sprawling Ontario Power Generation lands along Mississauga’s shoreline for decades. It was iconic “Four Sisters” smokestacks. The big industrial site blocked public access and separated residents from the very natural asset that defines the city – the glistening waters of Lake Ontario.
But in recent years, a dramatic revitalization has been set in motion on this former brownfield. It is laying the foundation for a new master-planned community poised to completely reshape Mississauga’s connection to its waterfront. Welcome to Lakeview Village.
It is a 177-acre location east of Port Credit. The amazing Lakeview Village vision is about a true live-work-play lakefront paradise that aligns with amenities, green space, housing options, and employment opportunities. It checks every box for what savvy investors and homebuyers are looking for in the Greater Toronto Area’s red-hot real estate market.
What Housing Options Will Lakeview Village Offer?
At the heart of Lakeview Village are plans for approximately 16,000 new housing units ranging from townhomes to mid-rise and high-rise condominiums and apartments. This remarkable influx of inventory is sure to be met with eager demand from buyers seeking a coveted waterfront lifestyle in the region.
You should know that Mississauga is one of the fastest-growing cities in Ontario. Its population expected to surge over 35% to nearly 1 million residents by 2041. However, the surprising part is just 5% of current housing stock offers proximity to the city’s 22 kilometers of underutilized shoreline. Lakeview Village could provide a golden opportunity to get in on the ground floor of new construction meeting that escalating demand.
What Lifestyle Amenities Will It Include?
Beyond housing, Lakeview Village’s masterplan architects have envisioned the community as a true mixed-use destination in its own right. Over 200,000 square feet of retail and restaurant space will offer home-owners built-in shopping, dining, and entertainment options just steps from the waterfront.
Granted, the development’s prime lakeshore locale is its most prized amenity and asset. The master plan has over 45 acres dedicated to public parks, green spaces, nature trails, and beaches. It seamlessly connects to the region’s existing 3,000+ kilometer waterfront trail network. Lakeview Village’s pedestrian-friendly layout has been carefully arranged to maximize waterfront views and vistas from nearly every vantage point.
Will Lakeview Village Boost Local Job Opportunities in Mississauga?
In addition to becoming a residential mecca, Lakeview Village is positioning itself as a formidable new employment hub within the Greater Toronto Area’s economic core. Over 1.9 million square feet have been set aside for office uses, with a 20+ acre innovation campus envisioned for technological research, startups, and forward-thinking businesses to plant their flags.
Estimates suggest the new village could generate over 9,000 new long-term jobs once complete – a boon for both local economic development and for homeowners seeking job opportunities in proximity to their residences. An on-site elementary school and community centre have also been baked into the masterplan’s designs.
Leveraging Ideal Location and Transit Access
From an investment perspective, Lakeview Village’s location and transit connectivity add layers of appeal beyond just its idyllic waterfront setting. Nestled between Port Credit and Long Branch, the site is extremely accessible via major thoroughfares like Lakeshore Road, the Queen Elizabeth Way, and Highway 427.
Existing public transit infrastructure already in place includes nearby GO Train stations in Long Branch and Port Credit, connecting residents to the broader Greater Toronto and Hamilton region. Local bus service is readily available through MiWay (Mississauga Transit) and Toronto Transit Commission routes.
The government is planning to invest billions in infrastructure in the works for the immediate area. It includes a planned higher-order transit line along Lakeshore Road in Mississauga. This will make Lakeview Village even more appealing for buyers focused on walkability and transportation convenience.
A Conscious Commitment to Sustainability
Is sustainability a priority? While Lakeview Village checks many of the desirable real estate investment boxes, it’s the development’s firm embrace of sustainable building practices that makes it truly forward-thinking and future-proofed. The project aligns with Mississauga’s broader climate action goals and environmental stewardship initiatives.
Some of the sustainability highlights:
- Remediating the site’s former industrial brownfield
- Preserving acres of natural green space and wetlands
- Embracing low-impact, LEED-based standards for construction
- Prioritizing walkability and access to public transit
- Integrating communal vegetable gardens and urban agricultural spaces
- Exploring potential district energy and waste-to-energy facilities
Lakeview Village shows us how sustainable community development and economic growth don’t have to be at odds with protecting the environment. Investors can feel good about investing their money into this project with an eye on the future.
It is a prime waterfront locale and there are great housing options, lifestyle amenities, and forward-thinking design, Lakeview Village is shaping up to be a shining new beacon for real estate in Mississauga. It checks the boxes for long-term value, desirability, and livability in a location that hits the affordable “sweet spot” compared to downtown Toronto. For investors and homebuyers alike, staking a future claim here could be a very savvy move.
With construction underway and already generating buzz, now may be an ideal time to explore opportunities at Lakeview Village before prices and demand ramp up even further. For those seeking an amenity-rich waterfront community in the heart of one of Ontario’s fastest-growing regions, all signs point to bright days ahead at Mississauga’s new lakefront jewel. You can check out our site for more details or contact us directly to get in touch with one of our professional representatives.
