$539,900 - 1515 Lakeshore Road Unit 1505, Mississauga
Condo for Sale in Mississauga
Popular ListingNeighbourhood: Lakeview
Want to see this home in person?
Book a private showing with Joe — pick a day and time that works for you.
- MLS Number
- W14082176
- Property Type
- Condo
- Status
- active
- Days on Site
- 10
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Mississauga
- Taxes (2025)
- $3,688
- Maintenance Fees
- $1,055/mo
- Locker
- None
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- REAL ESTATE HOMEWARD
MOTIVATED SELLER! **Wake Up to Lake Ontario.** Rarely offered, Suite 1505 is a spacious 3-bedroom, 2-bathroom suite with southwest exposure, beautiful lake and treetop views, and a spectacular 28-ft open balcony spanning the width of the home. Offering approximately 1,184 sq. ft. of living space, this bright, well-designed layout delivers the space and functionality families need. A proper foyer with double closet welcomes you home, opening into a bright living and dining area with a walkout to the balcony - perfect for morning coffee, al fresco dinners or simply taking in the view. The eat-in kitchen features a dedicated breakfast nook and double-door refrigerator, while three generous bedrooms are thoughtfully tucked away along a separate hallway for added privacy. The primary suite offers a walk-in closet and 4-piece ensuite, complemented by a second full bathroom and a full-size ensuite laundry room with additional storage. Freshly painted and move-in ready, this suite offers exceptional value with genuinely all-inclusive maintenance fees covering heat, hydro, water, building insurance, Bell cable TV and internet.**Enjoy a lifestyle centred around the outdoors.** Beautifully landscaped, park-like grounds sit directly across from Marie Curtis Park, with the beach, waterfront trail, splash pad and Etobicoke Creek just moments away. Golf courses are nearby, while Sherway Gardens and the major retail destinations along The Queensway are just a short drive away. Long Branch GO, TTC and MiWay provide convenient transit options, with quick access to the QEW and Highway 427. The restaurants, shops and marina of Port Credit are also close at hand. Residents will also enjoy a newly renovated recreation centre featuring an indoor pool, whirlpool, fitness room and tennis courts. Space to grow, views to savour and a location that brings nature, recreation and everyday conveniences together - all with the ease of condo living.
Estimate your monthly payments for this property
Estimated Payment
$2,769.97/mo
Includes CMHC insurance ($15,063)
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.
1515 Lakeshore Road Unit 1505, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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
Competitive Pricing
At $540/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
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. The $1055/month fees should cover building insurance, common elements, and reserve contributions.
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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.