NEW: Save Up to $130,000 on New Homes — Ontario HST Rebate Now Active
Hamza Nouman, REALTOR®
1088 Cherriebell Road — property photo
1 / 44 — Click to enlarge
2.9

1088 Cherriebell Road, Mississauga

Lakeview · Investor guide

$1,169,000

Estimated Value

$1,252,000

-6.6% Below Market

Based on neighbourhood averages

Detached3 bed / 2 bath7 DOM~700 sqft
New ListingSuite Potential

Cash flow, cap rate & mortgage breakdown

Enter your email to unlock them right here.

Free forever. No credit card. Unsubscribe anytime.

Listed by SAM MCDADI REAL ESTATE INC.

Investment Analysis

Key Facts

Type

Detached

Bedrooms

3

Bathrooms

2

Days on Market

7

Price Drop

None

Year Built

N/A

Status

Active

Basement Income

Suite Potential (+$1,190/mo)

Rent Estimate

Main unit (2 bed)$3,200/mo
Basement suite (1 bed)$1,190/mo
Total Est. Rent$4,390/mo

Based on Lakeview neighbourhood rental data · Verify suite legality with the City of Mississauga

Remarks

Set on an expansive 50 x 227 ft lot, this charming property presents an exceptional opportunity within one of Mississauga's most evolving waterfront neighbourhoods. Surrounded by mature trees and many newer custom homes, the setting naturally lends itself to both immediate enjoyment and long-term vision. The existing residence has been thoughtfully renovated, offering a warm and functional layout with updated finishes throughout. The main level features hardwood flooring, a bright living and dining area, renovated kitchen with quartz countertops, custom cabinetry and built-in Bosch appliances, two bedrooms, and an updated bath accented by beautiful stained-glass details. The finished lower level with separate entrance expands the living space with an additional bedroom, bathroom, recreation area and kitchenette, creating flexibility for extended family, guests or future income potential. Beyond the home itself, the scale and depth of the property inspire future possibilities. Envision expanding the existing residence, creating seamless indoor-outdoor entertaining spaces. The City's evolving planning framework further contributes to the area's growing long-term appeal as Lakeview transforms through revitalization and investment. Additional features include 200 amp electrical service, 40 amp garage service for EV charger capability, hardwired outdoor lighting on a timer, a renovated basement, and a newly completed backyard deck (2025). Whether enjoyed today, held as a long-term investment, or gradually reimagined over time, the property offers a rare combination of character, land value and future potential. Ideally positioned within walking distance to Marie Curtis Park, waterfront trails, golf courses, Long Branch GO, the future Lakeview GO Station, TTC, MiWay transit, restaurants, shopping and major commuter routes including the QEW, 427, Lakeshore Road and easy access to Downtown Toronto.

Get the Full Cash-Flow Report

A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.

Also unlocks cap rate, sold comps & mortgage detail.