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Lakeview, Mississauga
$1,198,000
Welcome to 1072 Orchard Drive, a rare redevelopment opportunity in the highly sought-after Lakeview neighbourhood of South Mississauga. Set on an expansive 50' x 200' lot, this premium property presents an outstanding opportunity for builders, investors, or end users looking to create a custom home in one of the city's fastest-transforming communities. Surrounded by luxury custom residences, this property offers the ideal canvas to design and build a spectacular new home. Zoned RL, the property permits detached and semi-detached dwellings, with the potential for an accessory dwelling unit, subject to City of Mississauga approvals. The zoning allows for approximately 4,000 sq. ft. of above-grade living space (ground floor and second floor). The existing home was renovated in 2018 and has been tenant occupied, offering excellent flexibility as a holding property. Whether you choose to live in the home, continue generating rental income, or lease it while designing and permitting your future custom build, this property provides exceptional short- and long-term value. Ideally located in the heart of Lakeview, residents will enjoy easy access to the vibrant waterfront, parks, trails, marinas, golf courses, and the exciting Lakeview Village redevelopment. Excellent schools, shopping, restaurants, and everyday amenities are nearby, while commuters benefit from quick access to the QEW, Highways 427 and 403, and both Long Branch and Port Credit GO Stations, making travel throughout the GTA effortless. Whether you're looking to build, invest, or hold for the future, 1072 Orchard Drive offers exceptional potential in one of South Mississauga's most desirable neighbourhoods.
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| Type | Detached |
| Style | 1 1/2 Storey |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,995 |
| Lot Size | 50 ft x 200 ft |
| mls© Number | W13517676 |
| Listed By | Royal LePage Real Estate Associates |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,132
- Property tax
- $583
- Heat allowance
- $150
- Housing costs
- $6,865 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$211,000
gross annual household income
- Payment at 4%
- $5,041 / mo
- Cash down
- $239,600
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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