$1,049,000 - 1016 East Avenue, Mississauga
Detached for Sale in Mississauga
Neighbourhood: Lakeview
- MLS Number
- W13549298
- Property Type
- Detached
- Status
- active
- Days on Site
- 17
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Welcome to this charming solid brick bungalow, nestled on a large 40 x 126 ft west-facing lot on East Ave in Mississauga's beloved Lakeview neighbourhood. Cherished by multiple generations of the same family, this home tells a story of pride in ownership clean, well-cared-for, and ready for its next chapter. This home offers original character throughout - an ideal choice for buyers who appreciate craftsmanship, or for those with a vision to modernize and add their personal touch. Whether you choose to simply move in and enjoy, or embark on a stylish renovation, the bones are solid and the potential is undeniable. The main floor features 3 bedrooms and an L-shaped living and dining room, along with a large eat-in kitchen. A convenient separate side entrance leads to a bright, spacious basement complete with a second full eat-in kitchen - offering excellent in-law suite potential or income-generating possibilities. The basement benefits from generous natural light, making it a livable and versatile space. Outside, the large backyard is big enough for kids, dogs, or both.This home is also equipped with a backwater valve on the main sewer line, providing an important layer of protection against basement fl. A valuable upgrade offering peace of mind, and one that may also help reduce home insurance premiums.Situated in one of Mississauga's south-end communities, this home puts you close to parks, Lake Ontario, schools, and transit. Enjoy lakefront living with easy access to Lakefront Promenade, Lakeview Park, Serson Park, and the Port Credit Yacht Club. Recreation options include the public Lakeview Golf Course, Carmen Corbasson Community Centre (arena, pool, gym), and the Mississauga Seniors Centre. The neighbourhood is served by well-regarded schools including Cawthra Park Secondary School, home to Peel's Regional Arts Program. Commuters benefit from quick access to the QEW/Queensway and Lakeshore, plus two nearby GO stations for an easy ride into downtown Toronto
Estimate your monthly payments for this property
Estimated Payment
$4,640.08/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Waterfront Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
1016 East Avenue, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $954/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 17 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
About Lakeview
I know Lakeview well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.