$1,178,000 - 1072 Orchard Road, Mississauga
Detached for Sale in Mississauga
Neighbourhood: Lakeview
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- MLS Number
- W13786602
- Property Type
- Detached
- Status
- active
- Days on Site
- 22
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $6,995
- Listing Brokerage
- Royal LePage Real Estate Associates
This beautifully updated family home presents a rare opportunity, ideally set on an expansive 50' x 200' lot in the highly sought-after Lakeview neighbourhood of South Mississauga. Renovated in 2018 the home offers comfortable, flexible living for growing families, first-time buyers or those looking for a home with room to evolve. A separate basement apartment provides the added benefit of rental income or private living space for extended family. Estimated basement rental income of $1700.00 per month. Enjoy the best of Lakeview living with the waterfront, parks, trails, marinas and golf courses nearby, along with excellent schools, shopping, restaurants and everyday amenities. The exciting Lakeview Village redevelopment is just minutes away, while convenient access to the QEW, Highways 427 and 403, and both Long Branch and Port Credit GO Stations makes commuting throughout the GTA easy. Adding to the home's appeal is the exceptional size of the property and the flexibility it provides over time. Surrounded by an increasing number of luxury custom homes and zoned RL, the lot may accommodate approximately 4,000 sq. ft. of above-grade living space, subject to City of Mississauga approvals, offering the option to build a substantial custom residence in the future. A move-in-ready home with income or extended-family potential today, and an exceptional lot offering with even more possibilities for tomorrow.
Estimate your monthly payments for this property
Estimated Payment
$5,210.69/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.
1072 Orchard Road, 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 $1071/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 22 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.