$490,000 - 1100 Caven Street Unit PH #8, Mississauga
Condo for Sale in Mississauga
115 days on marketNeighbourhood: Lakeview
- MLS Number
- W12883496
- Property Type
- Condo
- Status
- active
- Days on Site
- 115
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Mississauga
- Locker
- Ensuite
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
Bright, spacious, and filled with natural light, this penthouse end-unit apartment in the sought-after Lakeview community offers spectacular views of the Toronto skyline and Lake Ontario. Enjoy elevated living in a vibrant neighborhood known for its waterfront lifestyle, parks, and welcoming family atmosphere. This well-designed unit features 2 generous bedrooms and 1 full washroom, making it an ideal home for first-time buyers, professionals, small families, or investors. The interior has been recently updated with a beautifully renovated kitchen and bathroom, blending modern finishes with everyday functionality. The open living and dining space is bright and inviting, creating the perfect setting for relaxing or entertaining while taking in the incredible penthouse views. As an end-unit, the apartment benefits from additional privacy and natural light, enhancing the sense of space throughout. Large windows frame the skyline and lake views, providing a stunning backdrop both day and night. Located in a family-friendly neighbourhood, this home is within walking distance to the lake, waterfront trails, parks, schools, and shopping. Enjoy the energy of nearby Port Credit, known for its charming restaurants, cafés, and vibrant community feel. Commuters will appreciate the close proximity to the Port Credit GO Station and quick access to the QEW, making travel to downtown Toronto and across the GTA convenient and efficient. Additional storage is provided with a convenient ensuite locker, adding extra practicality to this fantastic home. A bright penthouse, incredible views, and an unbeatable Lakeview location - a fantastic opportunity to experience one of Mississauga's most desirable waterfront communities.
Estimate your monthly payments for this property
Estimated Payment
$2,513.95/mo
Includes CMHC insurance ($13,671)
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.
1100 Caven Street Unit PH #8, 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 $817/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.
Negotiation Opportunity
At 115 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.