Lakeview Real Estate Info
There’s a common theme throughout south Mississauga real estate, and Lakeview, much like Clarkson and Port Credit, is going through a renaissance of redevelopment. Due to a growing population and rising property values close to the lake, Lakeview is in high demand for buyers looking to renovate homes or to simply invest early and take advantage of the future development. Many of the lots sizes are smaller, constricting home sizes, but sometimes double lots have been purchased and zoned to allow larger homes. There’s a lot of commercial redevelopment as well, which is an excellent sign for the confidence in the area’s value and growth potential. The general consensus is that Lakeview is an excellent place to invest for long-term growth, and the lakeshore redevelopment will do the same thing for Lakeview that has already happened in Port Credit.
Your Typical Neighbour in Lakeview Village
Like other areas in south Mississauga, Lakeview has historically had a less diverse population. The majority of homes have been single, detached homes on small to mid-size lots. But as the needs of city change, redevelopment plans include various housing styles – such as stacked homes, town homes and condo apartments, to open opportunity for more people to be able to step into the Lakeview housing market. You will certainly see a new neighbourhood profile, which is far more diverse and balanced, in the next decades to come.
Lakeview has several Home Owners Associations, which are important for ensuring local residents have a say in municipal affairs. It also creates a stronger sense of community knowing that residents are looking out for each other and are organized and committed to a community’s success.