Salehian.com 647-325-5000

1162 Northmount Avenue

Lakeview, Mississauga, L5E 1X9

$849,900

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  • 4+2 bedrooms
  • 4 bathrooms
  • 5 parking
  • 700-1100 sq ft

Listed 7 days ago · MLS® W14025684

About this home

Calling all investors and first-time buyers! This fully tenanted three-unit property in Mississauga's sought-after Lakeview neighbourhood is a rare chance to own your home and have it pay you back. Live in one unit while the other two tenants help cover the mortgage, allowing you to enter the market for far less than the cost of renting. Prefer to invest? Current rents sit well below market, meaning there is big upside on cash flow and room for forced appreciation, including potential for an additional loft suite. House-hack it, hold it, or add value. It works for all three. It is minutes to Lakeshore Rd E, the Port Credit waterfront, the QEW and the transformative Lakeview Village waterfront community. Opportunities like this don't last.

Details

Type
Detached
Style
Bungalow
Size
700-1100 sq ft
Lot
40 × 156 ft
Basement
Finished, Separate Entrance
Garage
None
Kitchens
3
Property tax
$6,473 (2026)
Neighbourhood
Lakeview
Municipality
Mississauga
Price per sq ft
$944 (14% above detached houses in Lakeview, $829)

Interior

Bedrooms
4 above ground + 2 below
Bathrooms
1 × 4-piece, 2 × 3-piece, 1 × 2-piece
Kitchens
3 (1 below ground)
Rooms
8 above ground + 4 below
Family room or den
Yes
Fireplace
Yes
Features
Carpet Free, In-Law Capability, Primary Bedroom - Main Floor

Heating, cooling and services

Heating
Radiant, Gas
Air conditioning
Window Unit(s)
Water and sewer
Sewer

Building and exterior

Style
Bungalow
Exterior
Stucco (Plaster)
Roof
Asphalt Shingle
Foundation
Concrete Block
Faces
West

Parking

Total parking
5

Lot

Size
40 × 156 ft

More

Possession
Immediate
Cross street
Northmount / Atwater

History of this address

2 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Walkable

  • 🚆 Long Branch GO2.5 km

Within a 10-minute walk: 2 grocery stores, 6 cafés and restaurants, 6 parks, 2 pharmacies. Nearest grocery: A.J. Lanzarotta Wholesale Fruits & Vegetables (650 m). Nearest park: The Village Green (300 m).

Schools nearby

Elementary

  • Queen of Heaven School Catholic
    EQAO: Gr 6 reading 97%, math 94%    3 min walk
  • Toronto French School - West Campus Private9 min walk
  • St. Dominic's School Catholic
    EQAO: Gr 6 reading 97%, math 77%    17 min walk
  • Janet I. McDougald Public School
    EQAO: Gr 3 reading 61%, math 58%    18 min walk

Secondary

  • St. Paul Secondary School Catholic
    EQAO: Gr 9 math 72%, literacy test 89%    6 min walk
  • Cawthra Park Secondary School
    EQAO: Gr 9 math 65%, literacy test 91%    8 min walk
  • Allan A Martin Senior Public School13 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L5E

Owners / renters
77% / 23%
Median household income
$98,000
Average age
44
Children under 15
15%
Homes
47% detached, 31% high-rise
Commute by transit
8%
Population
12,972

Languages spoken most at home besides English: Polish 2.5%, Portuguese 1.8%, Mandarin 1.2%, Russian 0.8%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Credit Valley Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Peel Region (Mississauga/Brampton) police: 59 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Development nearby 2 active

  • 857 & 859 LAKESHORE RD E · 450 m
    Development application · In process · applied 2024
    Pdox transfer file 18-110 w1 || 4-storey mixed use building with residential & ground floor commercial (12 homes)
  • 865 Lakeshore Road East · 450 m
    Development application · In process · applied 2021
    Construction of new three-storey mixed use building (1 homes)

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Credit Valley Conservation open data. Crime Severity Index: Statistics Canada. Planning applications: City of Mississauga open data.

Living here

Commute

To Union Station (downtown Toronto): 17 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (Oakville Subdivision)100 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City licence: not allowed in investment properties. Up to 180 nights a year, no more than 30 in a row.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Rock Star Real Estate Inc., Brokerage.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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