1088 Cherriebell Rd
Lakeview, Mississauga, Ontario L5E 2R3
- Bedrooms
- 2+1
- Bathrooms
- 2
- Size
- < 700sq ft
- Lot
- Under 0.50 acres
- Tax a year
- $6,6912026 tax year
- Parking
- 61 detached
- Days on market
- Members
The brief
About 1088 Cherriebell Rd
1088 Cherriebell Rd is a 2+1-bedroom, 2-bathroom detached house in Lakeview, Mississauga, listed for sale at an asking price of $998,000 (MLS® W14084568).
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.
Insights
Condition Score
Good83/1003 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall28/100−$1,612/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 5 homes with 3 bedrooms for lease in Lakeview right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $6,691 / 2026
- MLS® number
- W14084568
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- < 700 sqft
- Lot Size
- 50 x 227.04 ft
- Listed on
- Parking
- 1 Detached, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- Bungalow
- Community
- Lakeview
- Municipality
- Mississauga
Building
- Size
- < 700 sqft
- Construction
- Alum Siding
Inside
- Bedrooms
- 2+1
- Bathrooms
- 2
- Bathroom Details
- 1 × 3pc Bsmt, 1 × 4pc Main
- Basement Type
- Finished
- Kitchens
- 1
Parking
- Driveway
- Private
- Garage Type
- Detached
- Garage
- 1
- Additional Parking
- 5
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Heat Pump
Land
- Sewer
- Sewers
- Frontage
- 50 ft
- Depth
- 227.04 ft
- Lot Size
- 50 x 227.04 ft
Additional
- Foundation
- Block
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- All electrical light fixtures, window coverings, Bosch kitchen appliances: oven, stove, dishwasher, Napoleon outdoor gas BBQ, hot water tank and furnace/AC.
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Rec | 6.39 × 2.69 m | Above Grade Window, Pot Lights, Laminate | Bsmt |
| Laundry | 2.13 × 3.17 m | Above Grade Window, Laundry Sink, Laminate | Bsmt |
| Br | 2.54 × 2.76 m | Window, Closet, Laminate | Bsmt |
| Living | 4.36 × 3.27 m | Large Window, O/Looks Frontyard, hardwood floor | Main |
| Br | 2.68 × 2.48 m | Window, Closet, hardwood floor | Main |
| Primary | 3.21 × 3.28 m | Window, Closet, Fireplace | Main |
| Kitchen | 2.24 × 3.12 m | B/I Appliances, Pot Lights, Quartz Counter | Main |
Listing history
Buy/sell history for 1088 Cherriebell Rd, Mississauga, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $998,000 | N/A | Sc | W14084568 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $199,600
- Total mortgage amount
- $798,400
- Total interest payment
- $567,800
- Total purchase cost
- $1,565,800
- Mortgage payment
- $4,554/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
48%Monthly carrying cost
$5,112- Rent $3,500
- Shortfall $1,612
Rental income opens at $3,500, the median asking rent of 5 comparable homes for lease in Lakeview. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $16,435
- Total land transfer tax
- $16,435
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $12,435
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $998,000
- $11,960
- Ontario total
- $16,435
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 11,352 sq ft1,055 m²
- Street frontage
- 50 ft15.2 m
- Depth
- 227.04 ft69.2 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by MPAC.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Credit Valley Conservation’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.250 m
Credit Valley Conservation · Province of Ontario open data
Planning and building activity2
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
- Nearest airport: 9.6 km9.6 km
Province of Ontario open data
Around the home2
- Nearest rail line: 50 m50 m
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Plasterform (2018) Inc — Plasterform, 790 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Beanfield Metroconnect, Bell, CIK Telecom, FibreStream, Rogers. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Credit Valley Conservationor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under Credit Valley Conservation Open Data Licence v1.0.
The market
Detached homes for sale in Lakeview right now
- For sale now
- 68
- Median asking price
- $1.46M
- New in 7 days
- 7
- Price cuts
- 24%
Middle half: $1.09M to $2.32M
29 in 28 days
16 listings
This home is asking 32% below the median, lower than three quarters of them.
See all homes in LakeviewAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Long Branch GO | GO Transit train: Lakeshore West | 750 m |
| Dixie GO | GO Transit train: Milton | 3.1 km |
| Port Credit GO | GO Transit train: Lakeshore West | 4.4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| École élémentaire Micheline-Saint-CyrConseil scolaire Viamonde | French-language public · grades JK–6 | 800 m | 76%Grade 6 average |
| St Josaphat Catholic SchoolToronto CDSB | Catholic · grades JK–8 | 800 m | 66%Grade 6 average |
| Queen of Heaven SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 1.5 km | 96%Grade 6 average |
| Sir Adam Beck Junior SchoolToronto DSB | Public · grades JK–5 · French Immersion | 1.7 km | 86%Grade 3 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Paul Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 1.8 km | 72%Grade 9 math |
| Cawthra Park Secondary SchoolPeel DSB | Public · grades 9–12 | 2 km | 65%Grade 9 math |
| Father John Redmond Catholic Secondary SchoolToronto CDSB | Catholic · grades 9–12 | 3.1 km | 75%Grade 9 math |
| Lakeshore Collegiate InstituteToronto DSB | Public · grades 9–12 · French Immersion | 3.2 km | 42%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Lakeview are shown to signed-in members.