$1,649,900
For sale: Detached

A rare offering of an exceptional development opportunity in the heart of Mississauga. Situated on a premium 66 x298ft lot with dual frontage potential on Cawthra Road and Duchess Drive, this property presents a prime opportunity for developers to build two detached homes-one fronting each street. A 1000 sqft Detached Garage that has multy use and offers 4 car spaces. Ideal for builders seeking scale, investors planning future redevelopment, or end users looking to live now and build later, this property offers outstanding flexibility and long-term value. Conveniently located just minutes from the QEW and surrounded by top-ranked schools, parks, shopping, and restaurants, the location is both strategic and highly desirable. The existing two-storey home, built in 1998, features a functional layout with great potential. The main floor offers an L-shaped living and dining area with soaring cathedral ceilings open to above, a bright square kitchen with breakfast bar overlooking the expansive backyard, as well as a main floor bedroom and a 3-piece washroom. The second floor includes a spacious loft overlooking the living/dining area and backyard-ideal as a family room or potential fourth bedroom along with two generously sized bedrooms and a 4-piece washroom. Zoned LR (Large Residential Lot), the property holds the potential for severance and redevelopment into two separate residential dwellings. Future address allocation may allow the second home to front onto Duchess Drive. A truly unique opportunity to secure a high-potential parcel in one of Mississauga's most sought-after neighbourhoods.
Sold data
Detached homes in Mississauga (Lakeview) took a median of 23 days to sell over the last 90 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 42, across 537 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 43 days.
The median sale price was $1,220,000.
Homes sold for about 3.8% below asking on average, so there was room to negotiate.
About 13% of sales closed above the list price.
Around 16% of sellers reduced their price before finding a buyer.
Based on 537 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Mississauga (Lakeview) has 131 Fraser Institute–rated schools (96 elementary and 35 secondary), averaging 6.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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