A 177-acre master-planned waterfront community transforming Mississauga's eastern lakefront into a vibrant, sustainable neighbourhood with 16,000 new homes.
Lakeview Village is one of the most ambitious waterfront redevelopment projects in Canadian history. Located on the site of the former Lakeview Power Generating Station on Mississauga's eastern waterfront along Lake Ontario, this 177-acre master-planned community will deliver approximately 16,000 residential units — including 1,200 affordable and attainable housing units. Developed by Lakeview Community Partners Limited (LCPL) in partnership with the City of Mississauga, the project represents a once-in-a-generation opportunity to live on the waterfront. With over 45 acres of parkland, an Innovation Corridor creating 9,000 jobs, and Ontario's first district energy system powered by treated wastewater, Lakeview Village is redefining what a master-planned community can be.
Direct access to Lake Ontario with an iconic pier — the longest on Canada's Great Lakes — and a year-round waterfront destination.
Ontario's first district energy system powered by treated wastewater from the nearby G.E. Booth facility, significantly reducing greenhouse gas emissions.
Six parks with natural heritage features, Trans Canada Trail extension, and over 45 acres of green space for residents to enjoy.
Over 1.5 million square feet of employment space creating 9,000 jobs in research, development, and innovation — all within walking distance.
1,200 affordable and attainable units including shared equity mortgage units and market rental units, ensuring diverse community access.
Close to Port Credit GO Station, Lakeshore Road transit, and major highways. The Waterfront Trail connects residents to the broader GTA.
Lakeview Community Partners Limited (LCPL) purchases the 177-acre former Lakeview Generating Station site from Ontario Power Generation.
City Council endorses the Lakeview Village Development Master Plan in November, establishing the framework for the entire development.
Planning and Development Committee approves the Lakeview Development Recommendation Report, clearing the way for construction.
Minister of Municipal Affairs and Housing issues an Enhanced Minister's Zoning Order (EMZO) increasing residential units to 16,000.
City Council approves subdivision agreement. Tridel and LCPL launch construction for Harbourwalk, the community's first residential building. Site services and infrastructure work begins across the entire site.
First residents expected to move into completed buildings. District energy system initially powered by natural gas, transitioning to wastewater by 2034.
Phased completion of all 16,000 residential units, full activation of the Innovation Corridor, and all six parks and the iconic pier fully operational.
As the summer of 2026 reaches its peak, Lakeview Village continues to solidify its position as one of the most transformative master-planned communities in the Greater Toronto Area. With construction activity accelerating across the 177-acre site, the former Lakeview Power Generating Station is being reborn into a vibrant, sustainable waterfront neighbourhood that will ultimately house 16,000 residential units.
The past few months have seen significant progress. TACC Construction and Greenpark Group are reporting that the first phase of townhomes along Lakeshore Road East is nearing completion, with occupancies expected to begin in early 2027. These 3- and 4-bedroom townhomes, priced from the mid-$1.2 million range, have been a popular choice for families seeking modern living steps from the lake.
Meanwhile, the first residential tower from CCI Development Group, the Aqua at Lakeview Village, has reached the 15th floor of its planned 25 storeys. This mid-rise condominium offers suites starting from the high $700,000s, with many units boasting unobstructed views of Lake Ontario. Tridel, another key partner, has also begun site preparation for its upcoming Lakeshore Residences project, which will feature two 35-storey towers and is slated to launch sales in early 2027.
Branthaven and Argo Development have both announced new phases of low-rise and mid-rise product, with a focus on family-oriented layouts and innovative design. Their projects are expected to hit the market in the fall of 2026, with prices projected to start around $1.5 million for townhomes and $900,000 for condos.
As of August 2026, pricing at Lakeview Village remains competitive compared to other waterfront communities in the GTA. The average price per square foot for condominiums is approximately $1,150, reflecting a modest increase of 3% over the last six months, driven by strong demand and limited supply in the immediate area. Townhomes are averaging around $1,250 per square foot, with detached and semi-detached units ranging from $1.8 million to $2.5 million.
The broader GTA market is showing resilience, with the Bank of Canada holding its key interest rate at 3.5% after a series of cuts in late 2025. According to TRREB, the average selling price for condominiums in the GTA rose to $820,000 in July 2026, up 4.2% year-over-year. Sales volumes have remained steady, though inventory levels are still below historical averages, creating a favourable environment for pre-construction buyers who can lock in prices before completion.
Beyond the residential construction, significant infrastructure work is underway. The Innovation Corridor is making headway, with the first two commercial buildings now under construction. These offices and lab spaces are expected to create thousands of jobs, further cementing Lakeview Village as a live-work community.
One of the most exciting developments is the progress on Ontario's first district energy system powered by treated wastewater. The system's central plant is now fully operational, and the first residential buildings are being connected. This sustainable energy solution will reduce greenhouse gas emissions by up to 70% compared to conventional systems, a major selling point for environmentally conscious buyers.
On the transit front, the City of Mississauga and Metrolinx have announced a new rapid transit line that will connect Lakeview Village to Port Credit GO Station and downtown Mississauga. Construction is slated to begin in 2028, with completion expected by 2032. This will provide residents with a seamless commute to Union Station in under 45 minutes.
The 45 acres of parkland are also taking shape. The first phase of the Lakeview Promenade opened this spring, offering a scenic walking path along the water's edge. A new community centre and a public school are in the design phase, with construction expected to start in 2027.
Lakeview Community Partners Limited (LCPL) has reaffirmed its commitment to delivering 1,200 affordable and attainable housing units. The first 150 units, located in a dedicated building within the Innovation Corridor, are now under construction and are expected to be ready for occupancy by late 2027. These units will be offered at 80% of the average market rent, providing much-needed relief in a region where housing affordability remains a challenge.
For those considering a home at Lakeview Village, now is an opportune time to act. With interest rates stabilizing and prices still in a reasonable range, locking in a pre-construction price can offer significant long-term value. However, it's essential to work with a real estate agent who specializes in pre-construction projects and to review all agreements carefully, including assignment clauses and deposit structures.
Be prepared for a competitive market—the most desirable units, especially those facing the lake, are selling quickly. If you're interested in a townhome or a condo in the next phase, consider registering with the developers' sales offices early to secure priority access.
Lakeview Village is not just a place to live; it's a community designed for the future. With its commitment to sustainability, innovation, and inclusivity, it promises to be a landmark neighbourhood for generations to come. Don't miss your chance to be part of this historic transformation.
Lakeview Village is buzzing with activity this August. Construction is on track for the first townhomes, with occupancies set for 2027. The Aqua condominium tower has hit the 15th floor, and Tridel's Lakeshore Residences are preparing for launch. Prices remain competitive, and the district energy system is now operational. With a new transit line announced and the first affordable housing units underway, this is a pivotal moment for the community. Read on for the latest updates and buyer insights.
Lakeview Village is rapidly progressing, with Phase 1 foundations complete and Phase 2 condo releases starting from the low $800,000s. Tridel has announced a new 45-storey tower, and the district energy system is now operational. Market conditions remain favourable with stable interest rates and rising Mississauga prices. Buyers should register for upcoming VIP launches.
April 2026 brings significant progress to Mississauga's ambitious Lakeview Village waterfront redevelopment. Construction has reached the 10th floor on initial towers, with infrastructure work advancing on the community's innovative district energy system and road networks. Developers have launched "The Shores," a new phase of 450 mid-rise condominium units starting at $750,000. The GTA market context shows Mississauga condo prices averaging $850,000 with stable interest rates at 4.25%. Community amenities including waterfront trails and parks continue development, while transit improvements progress with the Lakeview GO Station construction scheduled to begin later this year. Buyers should consider timing, affordability programs, and long-term value when evaluating this transformative 177-acre community.
March 2026 brings significant progress to Lakeview Village, Mississauga's ambitious 177-acre waterfront community. Construction has reached new heights with multiple towers now visible, while the innovative district energy system becomes operational. Lakeview Community Partners announced pre-construction sales will begin in April for "The Shores," a new waterfront development by CCI Development Group and TACC Construction. With the Bank of Canada maintaining rates at 3.25% and TRREB reporting strong GTA pre-construction growth, Lakeview Village continues to attract buyer interest. The community's extensive amenities, including 45+ acres of parkland and waterfront access, are taking shape alongside infrastructure improvements connecting to Port Credit GO Station.
Lakeview Village is located in the Lakeview neighbourhood of southeast Mississauga, along the Lake Ontario waterfront. The area is bordered by the established communities of Port Credit to the west and Long Branch (Toronto) to the east.
The neighbourhood benefits from proximity to Port Credit's vibrant village core with its restaurants, boutiques, and marina. Lakeshore Road provides the main commercial corridor, while the Waterfront Trail offers cycling and walking connections along the entire Toronto waterfront.
Major retailers, shopping centres (including Sherway Gardens and Square One), and recreational facilities are all within a short drive. The nearby Marie Curtis Park and Lakefront Promenade Park offer additional green space and waterfront access.
Southeast Mississauga on Lake Ontario's waterfront, between Port Credit and Long Branch (Toronto). Close to the QEW, Lakeshore Road, and Port Credit GO Station.
Port Credit GO Station (Lakeshore West line) with direct service to Union Station. MiWay bus along Lakeshore Road. Future Waterfront Trail cycling connections. Easy access to QEW and Gardiner Expressway.
Close to multiple Peel District School Board and Dufferin-Peel Catholic District School Board schools. Post-secondary institutions including University of Toronto Mississauga (UTM) and Sheridan College within a short drive.
Lakeview Village represents the largest waterfront redevelopment project in Mississauga's history and one of the most significant in Canada. This master-planned community is transforming 177 acres of former industrial land into a thriving, sustainable waterfront neighbourhood that will be home to approximately 16,000 new residential units.
For buyers looking at pre-construction homes in Mississauga, Lakeview Village offers a unique opportunity to be part of a community from its earliest stages. With Tridel's Harbourwalk already under construction and multiple phases planned over the next decade, there will be numerous opportunities to purchase pre-construction condos and townhomes at various price points.
The GTA waterfront premium is well documented. According to TRREB data, waterfront properties consistently outperform inland properties in terms of price appreciation. Lakeview Village's combination of direct Lake Ontario access, proximity to Port Credit's established community, and the Innovation Corridor's job creation potential makes it one of the most compelling long-term investment opportunities in the Greater Toronto Area.
While Toronto's waterfront developments like East Harbour and Villiers Island continue to progress, Lakeview Village offers a distinct advantage: lower entry prices compared to downtown Toronto waterfront, combined with Mississauga's strong municipal services and lower property taxes. The district energy system also means lower utility costs for residents.
Use our mortgage calculator to estimate monthly payments for Lakeview Village projects, or explore our investment calculator to model potential returns on your pre-construction purchase. Browse all pre-construction homes in Mississauga on PreconFactory to compare Lakeview Village with other developments in the city.
Information on this page is sourced from official government and developer publications. We encourage you to verify details with these primary sources.
Last verified: August 1, 2026
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