$549,850 - 1079 Roosevelt Road, Mississauga
Land for Sale in Mississauga
132 days on marketNeighbourhood: Lakeview
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- MLS Number
- W13211614
- Property Type
- Land
- Status
- active
- Days on Site
- 132
- Bedrooms
- 0
- Bathrooms
- 0
- Square Feet
- N/A sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $5,777
- Listing Brokerage
- RE/MAX REALTY ENTERPRISES INC.
An Exceptional Opportunity For Investors, Builders, And End Users To Secure A Fully Approved Detached Infill Project In One Of The Area's Most Sought-After And Highly Walkable Neighbourhoods. Tucked Away At The End Of A Quiet, Family-Friendly Cul-De-Sac, 1079 Roosevelt Rd Offers A Thoughtfully Planned Single-Family Residence Encompassing Approximately 3,331 Sq. Ft. Of Gross Floor Area, Blending Generous Living Spaces With A Versatile Design Tailored To Today's Lifestyle Needs. The Approved Plans Have Been Configured To Support Three Self-Contained Suites, With The Potential To Expand To Four Units Through A Revised Submission, Creating Outstanding Flexibility For Multi-Generational Living, Premium Rental Income, Or Long-Term Investment Strategy. A Building Permit Application Has Already Been Prepared, Helping Simplify And Accelerate The Development Process. Full Due Diligence Materials Are Available, Including Architectural Drawings, Survey, Grading Plan, And Address Plan. Surrounded By A Collection Of Newly Built And Emerging Luxury Homes, The Neighbourhood Continues To Experience Strong Growth And Ongoing Reinvestment, Reinforcing Its Appeal Among End Users And Developers Alike. Enjoy An Exceptional Location Within Walking Distance To Port Credit, The GO Station, Waterfront Amenities, Shops, Restaurants, And Daily Conveniences, Offering An Ideal Blend Of Lifestyle Appeal And Future Marketability. A Rare Opportunity To Acquire A Fully Approved Detached Development With Scale, Flexibility, And Significant Long-Term Potential.
Estimate your monthly payments for this property
Estimated Payment
$2,821.02/mo
Includes CMHC insurance ($15,341)
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.
1079 Roosevelt Road, Mississauga
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Key factors for evaluating this land parcel
Land Due Diligence Checklist
· Confirm zoning designation and all permitted uses
· Verify servicing (water, sewer, hydro) at lot line
· Order a Phase 1 Environmental Site Assessment
· Obtain an up-to-date survey (boundaries, easements)
· Review development charges and levies with the municipality
· Consult a land use planner on development feasibility
Commercial Financing Note
Land financing typically requires 35–50% down with specialized lenders. Carrying costs (taxes, interest) accumulate during any approval or development process — factor these into your feasibility.
Commercial and land transactions are significantly more complex than residential. Joe recommends assembling a team — commercial real estate lawyer, accountant, and (for land) a land use planner — before making an offer.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Zoning & Permitted Use
Before anything else, I'd confirm the current zoning designation and what's permitted on this land. Zoning dictates everything: residential subdivision, commercial development, agricultural use, or mixed. The Mississauga planning department can also tell you what, if any, Official Plan amendments are in progress that could affect the permitted uses.
Extended Time on Market — Potential Leverage
At 132 days, this land has been sitting. That's actually common for vacant land — buyers are fewer and diligence takes time. But if it's been listed much longer than comparable parcels, there may be a zoning, servicing, or environmental issue the seller hasn't disclosed. I'd want to understand why it hasn't sold.
Servicing & Infrastructure
A key question for any land purchase: is it serviced (municipal water, sewer, gas, hydro at the lot line) or unserviced? Bringing services to an unserviced parcel can cost $50,000–$500,000+ depending on proximity and Mississauga's development charges. This can make or break a project's feasibility.
Environmental & Survey
I always recommend a Phase 1 Environmental Site Assessment for land purchases — it checks for historical contamination from prior uses. If the Phase 1 flags anything, a Phase 2 (soil sampling) follows. Also budget for an up-to-date survey, which confirms boundaries, easements, and encroachments.
Development Approval Timeline
If you're buying with development in mind, factor in the approval timeline. Minor variance: 3–6 months. Site plan approval: 6–18 months. Official Plan amendment or rezoning: 1–3+ years. These timelines directly affect your carrying costs — property taxes and financing accumulate the entire time. Having an experienced planner and real estate lawyer on your team from day one matters.
Let's Walk Through It Together
Evaluating land requires a different lens than buying a home. I'll walk the site with you, help you ask the right questions of the listing agent, and connect you with the right professionals — planners, environmental consultants, commercial lawyers — to make sure you know exactly what you're buying before you commit.