1690 Sherway Drive

Lakeview, Mississauga, L4X 1C7

$3,499,850

4+1 bedrooms
4 bathrooms
9 parking
3000-3500 sq ft

Listed yesterday · MLS® W14094966

Open house

Saturday, October 24 at 2:00 p.m. to 4:00 p.m. Add to calendar

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About this home

An Extraordinary Offering In Lakeview! Set On Nearly 1.8 Acres Of Pvt, Tree-Lined Grounds Backing Onto Etobicoke Creek & A Wooded Ravine, This Remarkable Property Presents An Exceptional Opportunity For Families, Builders & Investors Like No Other. Whether Reimagining The Existing Residence, Creating A Grand Custom Estate Or Exploring Potential Severance, This Expansive Parcel Offers Outstanding Possibilities, Subject To Applicable Approvals. The Traditional Country-Inspired Home Features 4+1 Bdrms, 4 Baths & Approx. 4,518 Sqft. Of Total Space, W/ Generously Proportioned Principal Rooms, Oversized Windows, A Bright Kitchen W/ Stone Countertops & Centre Island, & A Character-Rich Family Room W/ Exposed Wood Beams, Wood Panelling, Wood-Burning F/P & Wet Bar. Upstairs, 4 Well-Proportioned Bdrms Offer Comfort & Privacy, Each Featuring Generous Space, Lrg Windows & Dbl-Door Closets. The Spacious Primary Retreat Boasts A Vaulted Ceiling, His-&-Hers Closets, A 4-Pc Ensuite & Views Of The Surrounding Grounds. The Bright Lower Lvl Offers A Rec Area, Pvt Office, Addn'l Bath & Storage. Outdoors, Expansive Lawns, Mature Trees, A Saltwater In-Ground Pool & A Generous Rear Deck Create An Inviting Setting For Relaxation & Entertaining. A Detached Cottage-Style Bungalow W/ Its Own Kitchen & 4-Pc Bath Adds Versatility For Guests, A Home Office Or Potential Nanny Suite, Subject To Applicable Permissions. Addn'l Features Include A Dbl-Car Garage, Parking For Up To 9 Vehicles, 200-Amp Electrical Service & Water Filtration System. The Impressive 266.93 X 357.7 Ft. Lot Offers Extraordinary Scale, Privacy & Potential For A Custom Estate Or Further Exploration Of Development Opportunities, Subject To Municipal Approvals, Zoning & Applicable Regulations. Located Near CF Sherway Gardens, Schools, Healthcare, Major Highways & Toronto Pearson International Airport, This Rare Lakeview Offering Combines A Tranquil Natural Setting W/ Exceptional Convenience & Remarkable Long-Term Potential.

Details

Type: Detached
Style: 2-Storey
Size: 3000-3500 sq ft
Lot: 120 × 267 ft
Basement: Full, Finished
Garage: Built-In
Kitchens: 1
Property tax: $17,102 (2026)
Neighbourhood: Lakeview
Municipality: Mississauga
Price per sq ft: $1,077 (30% above detached houses in Lakeview, $829)

Interior

Bedrooms: 4 above ground + 1 below
Bathrooms: 1 × 2-piece (main), 1 × 2-piece (basement), 2 × 4-piece (second)
Rooms: 10 above ground + 2 below
Family room or den: Yes
Fireplace: Yes
Features: Guest Accommodations, Water Heater Owned

Heating, cooling and services

Heating: Forced Air, Electric
Air conditioning: Central Air
Water and sewer: Sewer

Building and exterior

Style: 2-Storey
Exterior: Stone
Roof: Asphalt Shingle
Foundation: Poured Concrete
Faces: South
Pool: Inground
Outdoor: Privacy, Patio, Landscape Lighting, Backs On Green Belt, Garden Shed, Aux Residences

Parking

Garage spaces: 2
Total parking: 9
Driveway and parking: Private Double

Lot

Size: 120 × 267 ft (irregular)
Acreage: .50-1.99

Possession: TBD
Nearby: Cul de Sac/Dead End, Fenced Yard, Park, Greenbelt/Conservation, Golf, Hospital
Cross street: Dixie and QEW

Rooms

Room	Level	Size	Features
Kitchen	Main	3.59 × 4.38 m (11'9" × 14'4")	Stone Counters, Eat-in Kitchen, Centre Island
Breakfast	Main	3.98 × 2.69 m (13'1" × 8'10")	Combined w/Kitchen, Bay Window, Tile Floor
Dining Room	Main	4.01 × 4.91 m (13'2" × 16'1")	Combined w/Family, French Doors, Hardwood Floor
Living Room	Main	4.99 × 4.81 m (16'4" × 15'9")	Beamed Ceilings, Fireplace, Hardwood Floor
Family Room	Main	5.4 × 3.96 m (17'9" × 13')	Combined w/Dining, W/O To Yard, Hardwood Floor
Primary Bedroom	Second	7.46 × 6.19 m (24'6" × 20'4")	His and Hers Closets, 4 Pc Ensuite, Vaulted Ceiling(s)
Bedroom 2	Second	3.19 × 3.33 m (10'6" × 10'11")	Closet, Large Window, Hardwood Floor
Bedroom 3	Second	4.22 × 4.69 m (13'10" × 15'5")	Closet, Large Window, Hardwood Floor
Bedroom 4	Second	4.58 × 4.69 m (15' × 15'5")	Closet, Large Window, Vaulted Ceiling(s)
Office	Basement	3.57 × 2.97 m (11'9" × 9'9")	Pot Lights, Above Grade Window, Laminate
Recreation	Basement	4.84 × 5.76 m (15'11" × 18'11")	2 Pc Bath, Above Grade Window, Broadloom

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 Somewhat walkable

🚆 Dixie GO16 min walk

Within a 10-minute walk: no grocery stores, 7 cafés and restaurants, 5 parks, 4 pharmacies. Nearest park: Laughton Heights Park (300 m).

Schools nearby

Elementary

Islamic Society of North America Elementary School Private4 min walk
St. Edmund Separate School Catholic
EQAO: Gr 6 reading 98%, math 95%18 min walk
St. Ambrose Catholic School Catholic1.3 km
Sir Adam Beck Junior School
EQAO: Gr 3 reading 100%, math 67%1.5 km

Secondary

Peel Alternative South2.2 km
Gordon Graydon Memorial Secondary School2.3 km

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 L4X

Owners / renters: 47% / 53%
Median household income: $81,000
Average age: 41
Children under 15: 16%
Homes: 24% detached, 46% high-rise
Commute by transit: 14%
Population: 18,719

Languages spoken most at home besides English: Urdu 4.5%, Polish 2.9%, Vietnamese 2.6%, Ukrainian 2.5%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area.

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

No planning applications within 500 m in the last five years.

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). Crime Severity Index: Statistics Canada. Planning applications: City of Toronto open data.

Living here

Commute

To Union Station (downtown Toronto): 16 km. Transit times · Driving times

Noise 1 source nearby

🛣️ QEW400 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 RE/MAX REALTY ENTERPRISES INC..

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

Estimated monthly cost

Mortgage: $15,326
Property tax: $1,425
Total: $16,751

$699,970 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $699,970
Land transfer tax: $73,971
Legal and other costs: ~$2,500
Total: $776,441

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$3,973/month

Typical asking rent for 4+ bedroom homes like this within 3.5 km (6 for rent now; most $3,200–$7,450).

As a rental, with 20% down

Rent: $3,973
Mortgage: −$15,326
Property tax: −$1,425
Insurance, repairs, vacancy: −$478
Cash flow: −$13,256/month

Cap rate 0.7% · gross yield 1.4%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.

See rentals nearby