Investors playing the long-game looking for a fixer upper to either renovate and move into or rent out while waiting for Lakeview to develop further and for real estate values to surge.

As its name suggests, Lakeview is a lakeside community in south Mississauga located between Port Credit and Mineola. It’s not surprising that much of the neighbourhood’s recreational offerings are waterfront activities; Lakeview is home to the Port Credit Yacht Club and the Lakefront Promenade Marina. That said, a large stretch of the waterfront in Lakeview is inaccessible but that’s about to change.

Real estate development in Lakeview has been slower than neighbouring Port Credit. The City of Mississauga however sees this area as a prime development opportunity and there is much investment happening in the way of infrastructure development including new roadways and greening initiatives as part of the City’s waterfront revitalization strategy.

Lakeview is not the most walkable community but it’s great for commuters as there are multiple GO stops within its borders. The school district is small so there’s not a lot of choice for families in terms of which school they send their kids to but we expect this will change as real estate developers are drawn to the area – schools, parks, shopping and other amenities are sure to follow.

The Lakeview Green Street project led a really innovative water protection program that was completed back in 2002 and stands as a model for other Canadian communities.

The community enhanced roadside rain gardens and created permeable sidewalks and driveway to reduce storm water runoff and improve water quality flowing into storm sewers and Lake Ontario. They replaced traditional curb, gutter and buried sewer systems with innovative clean water technologies including special curb cuts to control the flow of water and permeable pavement (as an alternative to asphalt) that allows rainfall and road runoff to be filtered as its flowing to the ground.

As well, the project saw the creation of rain gardens for “bioretention” to slow the flow of storm water and remove pollutants in an environmentally-friendly fashion. Not only are rain gardens a cost effective solution for water filtration, it’s a preferred solution by residents as it adds to the beauty of the streets.

The stretch of Lake Ontario that runs through Lakeview, Mississauga is the focus of a massive revitalization project that will restore and create 26 hectare of wetlands, forests, meadows and beaches that were previously destroyed for industrial and military developments over the last century.

As well, the project will restore pedestrian and cyclist access to this stretch of waterfront that has been closed off for a long time, filling in the gap it represents in the Waterfront Trail.

The project is a partnership between Peel LocalityParent and the Credit Valley Conservation with help from the Toronto and LocalityParent Conservation Authority. The project is being lauded for its use of “clean fill” from construction projects to build new land.