$998,000
Mississauga
1088 Cherriebell Road, Mississauga (Lakeview), Ontario, L5E2R3
This 3-bedroom, 2-bathroom home in Mississauga is for sale offering roughly 350 sq ft of space. Listed at $998,000, it is attractively priced about 30% below the $1,428,888 median asking price in Mississauga. It has been on the market 19 days, fresher than the Mississauga average of 59 days.
Set on an expansive 50 x 227 ft lot, this charming property presents an exceptional opportunity within one of Mississauga's most evolving waterfront neighbourhoods. Surrounded by mature trees and many newer custom homes, the setting naturally lends itself to both immediate enjoyment and long-term vision. The existing residence has been thoughtfully renovated, offering a warm and functional layout with updated finishes throughout. The main level features hardwood flooring, a bright living and dining area, renovated kitchen with quartz countertops, custom cabinetry and built-in Bosch appliances, two bedrooms, and an updated bath accented by beautiful stained-glass details. The finished lower level with separate entrance expands the living space with an additional bedroom, bathroom, recreation area and kitchenette, creating flexibility for extended family, guests or future income potential. Beyond the home itself, the scale and depth of the property inspire future possibilities. Envision expanding the existing residence, creating seamless indoor-outdoor entertaining spaces. The City's evolving planning framework further contributes to the area's growing long-term appeal as Lakeview transforms through revitalization and investment. Additional features include 200 amp electrical service, 40 amp garage service for EV charger capability, hardwired outdoor lighting on a timer, a renovated basement, and a newly completed backyard deck (2025). Whether enjoyed today, held as a long-term investment, or gradually reimagined over time, the property offers a rare combination of character, land value and future potential. Ideally positioned within walking distance to Marie Curtis Park, waterfront trails, golf courses, Long Branch GO, the future Lakeview GO Station, TTC, MiWay transit, restaurants, shopping and major commuter routes including the QEW, 427, Lakeshore Road and easy access to Downtown Toronto. (id:66096)
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.
Features and services as supplied by the listing brokerage.
Active: 19 days on market, against an average age of 59 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.
This 3-bed single family in Mississauga (Lakeview) has been listed for 19 days, which is 40 days fresher than the city average of 59. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $998,000, about 10.2× the local median household income of $98,000.
Carrying it typically needs a household income of about $194,944 (20% down, 25-yr amortization, stress-tested) — roughly 99% above the area median.
Source: Statistics Canada, 2021 Census (FSA L5E)
Pick a time that suits you. A verified local agent confirms within 24h.
Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice




Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.
Enter the monthly rent you expect, or adjust our estimate.
Enter an estimated monthly rent to see the cashflow.
Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.