$3,900,000 - 1690 Sherway Drive, Mississauga
Detached for Sale in Mississauga
59 days on marketNeighbourhood: Lakeview
- MLS Number
- W13107154
- Property Type
- Detached
- Status
- active
- Days on Site
- 59
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Lot Size
- 2 sqft
- Listing Brokerage
- SAM MCDADI REAL ESTATE INC.
Set on an extraordinary ultra-private 1.8-acre lot and backing onto the scenic Etobicoke Creek, 1690 Sherway Dr presents a rare opportunity with future potential in one of Mississauga's most coveted settings. The expansive parcel, set above the ravine, provides exceptional usable space, creating a compelling opportunity to enjoy the existing home, expand it, or reimagine the lot, including the potential to build your custom dream estate of significant scale, approximately 6,000 SF or more. For builders and end users alike, the lot size, privacy, and natural setting make this a truly one-of-a-kind offering. Surrounded by mature trees, lush ravine greenery, and a level of seclusion rarely found within the city, the existing 4-bedroom, 4-bathroom residence offers over 3,600 SF of total living space filled with warmth and natural light. Hardwood flooring, oversized windows, and tranquil ravine views create an inviting atmosphere throughout. The vaulted family room with a wood-burning fireplace anchors the main level, while the chef's kitchen features Caesarstone countertops, a centre island, and picturesque backyard views. The skylit upper level offers a primary retreat with walk-in closets and ensuite, plus three generously sized bedrooms. The finished lower level adds recreation space and multigenerational living potential. Outdoors, the property transforms into a private, resort-inspired setting with expansive entertaining areas overlooking the saltwater in-ground pool, beautifully landscaped grounds, mature trees, and a serene backdrop. A detached cottage-style bungalow with a kitchen and 4-piece bath adds versatility as a guest house, studio, or private office. Whether your vision is to move in, expand, or potentially sever and build on the buildable parcel, this property delivers the canvas. Conveniently located near top-rated schools, parks, golf courses, Sherway Gardens Shopping Mall, Toronto Pearson Airport and major highways (QEW, 401, 427 & 403).
Estimate your monthly payments for this property
Estimated Payment
$17,251.02/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.
1690 Sherway Drive, 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
Premium Pricing
At $1560/sqft, this property is priced above the Mississauga average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 59 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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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.