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 draws to a close, Lakeview Village in Mississauga continues to solidify its position as one of the most transformative waterfront communities in Canadian history. With construction activity humming across the 177-acre site, the former Lakeview Power Generating Station grounds are being reborn into a vibrant, mixed-use neighbourhood that promises to redefine lakeside living in the GTA.
This month, several key milestones were achieved. The first phase of the Innovation Corridor—a 28-acre employment hub—has broken ground, with TACC Construction leading the site servicing. This phase will deliver 500,000 square feet of office and lab space, anchoring the community's goal of creating 9,000 local jobs. Meanwhile, the district energy system, Ontario's first to harness treated wastewater for heating and cooling, is now 40% complete and on track to begin operations in late 2027.
On the residential front, Greenpark Group has launched sales for Harbourview Estates, a collection of 60 premium townhomes and stacked condos along the waterfront promenade. This follows the successful sell-out of Branthaven's Lakeside Towns in July, which saw average prices rise 8% quarter-over-quarter. Argo Development is also preparing to release The Current, a 45-storey condominium tower with 550 units, with prices starting from the high $800s per square foot—reflecting the premium attached to unobstructed lake views.
In total, over 3,200 residential units are now under construction or in the sales pipeline, including Tridel's Aqua Terra (two mid-rise towers, 400 units) and CCI Development Group's Parkline Residences (350 units adjacent to the future waterfront park).
The GTA new-build market has shown resilience in 2026, despite a cooling in the resale sector. According to TRREB, the average price for a new condo in Mississauga's waterfront area has risen to $1,350 per square foot, up 6% from a year ago. Bank of Canada's decision to hold its key interest rate at 3.5% through September has provided some stability, though buyers remain sensitive to mortgage rates hovering around 4.8% for a five-year fixed. Lakeview Village's pricing has outperformed the regional average, with new launches achieving $1,100–$1,200 per square foot for mid-rise units—a 10% premium over Mississauga's overall new condo average, driven by the scarcity of waterfront land.
The 45-acre parkland system is taking shape. The first two parks—Promenade Park and Marshland Conservation Area—are now open to the public, featuring walking trails, a dog park, and a kayak launch. The Lakeview Village Farmers Market launched in June and has become a weekend destination. Transit improvements are also advancing: the City of Mississauga has confirmed funding for a new Hurontario LRT stop at Lakeview Village, with construction slated to begin in 2028. Additionally, the waterfront trail extension connecting to Port Credit is 70% complete.
Lakeview Village continues to honour its commitment to inclusivity. Of the 1,200 affordable and attainable units planned, 400 have been allocated across the first three phases. Lakeview Community Partners (LCPL) has partnered with the City and local non-profits to ensure these units are integrated throughout the community, not clustered, fostering a diverse neighbourhood.
For those considering a purchase at Lakeview Village, now is a strategic time. With prices expected to climb as the Innovation Corridor and district energy system near completion, early phases offer the best value. Buyers should act quickly on upcoming releases like The Current and Harbourview Estates. It's also wise to secure mortgage pre-approval to lock in rates, as the Bank of Canada is anticipated to begin rate hikes again in 2027. Finally, consider the long-term vision: with 16,000 units planned, this community will be a 15-year build-out, so early buyers will benefit from significant appreciation as the neighbourhood matures.
Lakeview Village is not just a development; it's a new chapter for Mississauga's waterfront. Whether you're a first-time buyer, a growing family, or an investor, this community offers a rare opportunity to live sustainably by the lake. Stay tuned to PreconFactory for the latest phase releases and construction updates.
Lakeview Village enters fall 2026 with major momentum: the Innovation Corridor has broken ground, the district energy system is 40% complete, and Greenpark Group's Harbourview Estates launches this month. With over 3,200 units now sold or under construction, prices have risen 8% quarter-over-quarter. Argo Development's The Current tower is next up, with starting prices in the high $800s per square foot. Explore the latest phases and secure your spot on the Mississauga waterfront.
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: September 1, 2026
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