851 Fourth Street, Mississauga, ON
Lakeview, Mississauga · MLS® W13801900
About this home
In short
- Ideally situated in the heart of Lakeview, one of Mississauga's most vibrant and evolving lakeside communities.
- This 2-bedroom, 1.5-bathroom home is filled with recent upgrades and offers an incredible opportunity for first-time buyers, young families, downsizers, investors, or...
- The thoughtfully updated interior features an updated kitchen (2023), renovated bathrooms(2023), modern flooring and a bright, inviting layout that is move-in ready.
- Outside, enjoy a generous landscaped yard and double-wide driveway offering plenty of parking and valuable outdoor space.
- With Lakeview continuing to evolve and grow, 851 Fourth Street presents an exciting opportunity to own in a lakeside community with both established charm and future...
Ideally situated in the heart of Lakeview, one of Mississauga's most vibrant and evolving lakeside communities. This 2-bedroom, 1.5-bathroom home is filled with recent upgrades and offers an incredible opportunity for first-time buyers, young families, downsizers, investors, or builders looking to establish themselves in a sought-after neighbourhood. The thoughtfully updated interior features an updated kitchen (2023), renovated bathrooms(2023), modern flooring and a bright, inviting layout that is move-in ready. The Living space extends to the finished lower level with rec room, dining area, power rm, spacious laundry, and ample storage. Outside, enjoy a generous landscaped yard and double-wide driveway offering plenty of parking and valuable outdoor space. Beyond the home, the location truly shines. Enjoy an exceptionally walkable lifestyle with parks, marina, top rated schools, the library, community centre, golf courses, walking trails and Lake Ontario all within easy reach. Convenient access to the QEW, major routes, Pearson International Airport and Mississauga's waterfront makes commuting and everyday travel effortless. With Lakeview continuing to evolve and grow, 851 Fourth Street presents an exciting opportunity to own in a lakeside community with both established charm and future potential. Whether you're looking for a place to call home, an investment, or a property to build your future vision, this is an opportunity worth exploring.
Key facts
- Property type
- Detached, Bungalow
- MLS®
- W13801900
- Bedrooms
- 2
- Bathrooms
- 2 (1 half)
- Size
- 700 sq ft
- Lot
- 25 × 129 ft
- Cross streets
- Alexandra Ave / Fourth St
- Parking
- 2 parking
- Driveway
- Private Double
- Basement
- Full, Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Vinyl Siding
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,276 / 2026
- Days on market
- 27
- Listing brokerage
- RE/MAX Aboutowne Realty Corp., Brokerage
Rooms
2 Pc Bath
4 pc bath · renovated · window
Laundry Sink
laminate · window · open concept
renovated · stainless steel appl
laminate · window
laminate · large closet · closet organizers
open concept · laminate · window
laminate · window
Listed at $950,000. Going by how homes in Lakeview and the wider GTA have actually closed against their asking prices (about 97%, 34 local closings in 90 days), the likely sale price is near $922K, if it sells. A realistic range is $864K to $1.04M.
Independent value check: $800K. Without looking at the asking price, our model values the home itself about 16% below the ask (homes like it typically land between $750K and $838K).
Why $800K. The typical detached home sold in Lakeview over the past year went for about $1.23M (142 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $5,276 a year; the typical home sold here pays about $7,600.
- ▼ Lowers it stronglyIt is 700 sq ft; the typical home sold here is 1,500 to 2,000.
- ▼ Lowers it2 bedrooms and 2 baths, against 3+1 and 3 typically.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
Total price vs nearby homes. Likely closing about $922K, from 34 recent closings in this pocket.
The market behind the math:
About 0.7 months of inventory: 8 detached homes for sale in the area against 34 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,357/sqft against an area asking average of $1,527/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 34 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $797K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($1,357/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 34 comparable homes that sold in Lakeview over the past two years, from 268 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $1,422/sqft; this home lists at $1,357/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Lakeview: $1.32M in September 2026, up 3% from a year ago, on 142 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.17M | 21 |
| November 2025 | $1.19M | 12 |
| December 2025 | $1.72M | 11 |
| January 2026 | $1.07M | 7 |
| February 2026 | $1.22M | 9 |
| March 2026 | $1.34M | 9 |
| April 2026 | $1.21M | 13 |
| May 2026 | $1.24M | 19 |
| June 2026 | $1.25M | 7 |
| July 2026 | $1.50M | 7 |
| August 2026 | $1.26M | 15 |
| September 2026 | $1.32M | 12 |
Neighbourhood & location
Lakeview, Mississauga, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Mississauga.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.
Mortgage amount $760,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,202
- Property tax
- $440
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,642
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $15,475
- Estimated closing costs
- $15,475
Plus your down payment of $190,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $252,130
- Principal paid down
- $92,858
- Interest paid
- $159,272
- Balance remaining
- $667,142
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 13 whole-home leases in Lakeview signed at a median of $2,044 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $1,908. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX Aboutowne Realty Corp., Brokerage. MLS®/PropTx.