$1,850,000 - 797 First Street, Mississauga
Detached for Sale in Mississauga
41 days on marketNeighbourhood: Lakeview
- MLS Number
- W13185630
- Property Type
- Detached
- Status
- active
- Days on Site
- 41
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SOTHEBY'S INTERNATIONAL REALTY CANADA
Custom-built by a Tarion-registered builder, this exceptional Lakeview residence is a statement in refined luxury and architectural sophistication. A striking foyer welcomes with open riser stairs and sleek glass railings, complemented by a bespoke front hall closet and a private main floor office-seamlessly blending elegance with modern living. The great room is both grand and inviting, anchored by a linear gas fireplace framed by custom millwork and curated built-ins. A soft, neutral palette enhances the home's sense of light and scale. At the heart of the home, the designer kitchen is impeccably appointed with premium stainless steel appliances, a beverage fridge, and exquisite quartz countertops and backsplash-an ideal setting for both intimate gatherings and elevated entertaining. The adjoining dining area opens to a covered terrace, extending the living space outdoors with effortless style. The upper level reveals a serene primary retreat, complete with a custom walk-in dressing room and a spa-inspired five-piece ensuite featuring a deep soaker tub and refined finishes. Three additional bedrooms offer custom built-in closets, including a guest suite with its own private ensuite. A well-appointed second-floor laundry room adds everyday convenience. The fully finished lower level is designed with flexibility in mind, offering a spacious living area, fifth bedroom, and a secondary kitchen (no appliances), along with a private walk-up entrance-perfectly suited for extended family, a nanny suite, or discreet guest accommodations. Soaring 10-foot ceilings on the main level and 9-foot ceilings above and below create an airy, open atmosphere throughout. Ideally situated just minutes from lakefront trails and parks, and within close proximity to golf courses, fine dining, and community amenities. Conveniently located approximately 3 km to both Port Credit and Long Branch GO Stations.
Estimate your monthly payments for this property
Estimated Payment
$8,183.17/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.
797 First Street, 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
Competitive Pricing
At $740/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.
Market Position
At 41 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 5 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.