South Banks at Lakeview Village, Mississauga

If you've been watching the Mississauga waterfront, South Banks is worth a closer look. This is a collection of coastal townhomes inside Lakeview Village, the master-planned community taking shape on Lake Ontario, just east of Port Credit. The homes are by DECO Homes, with advertised net-rebate prices starting from $549,990, and occupancy is scheduled for 2029.

It's one of those rare places in the GTA where you can picture yourself walking to the water after dinner. Below is a clear look at the plans, pricing, incentives and the full deposit structure, so you can decide whether it fits.

A new kind of waterfront neighbourhood

South Banks sits at 1110 Lakeshore Road East in Lakeview Village, Mississauga. These are above-grade townhomes in a condominium ownership community, designed around outdoor living as much as the interior.

Daily life here is built around the outdoors. Waterfront trails, parks and beach areas are planned right into the community. Inside, the homes are designed for real living, with quartz kitchen countertops, oak stairs, smooth ceilings, oversized windows and outdoor space, plus a rooftop terrace on select plans.

The homes and floor plans

There are eight listed base model designs, from 931 to 1,463 square feet, in two- and three-bedroom layouts. Some plans offer an optional extra bedroom. On the Grand Opening price list, the advertised net-rebate prices are:

• Azure, 1-storey, 2 bedrooms, 931 sq ft, from $549,990
• Azure End, 1-storey, 2 bedrooms, 931 sq ft, from $569,990
• Coast, 2+ storey, 2 bedrooms (optional 3), 1,179 sq ft, from $669,990
• Coast End, 2+ storey, 2 bedrooms (optional 3), 1,179 sq ft, from $689,990
• Drift End, 2+ storey, 3 bedrooms (optional 4), 1,252 sq ft, from $719,990
• Coast with Rooftop Terrace, 2+ storey with terrace, 2 bedrooms (optional 3), 1,385 sq ft, from $749,990
• Coast End with Rooftop Terrace, 2+ storey with terrace, 2 bedrooms (optional 3), 1,385 sq ft, from $779,990
• Drift End with Rooftop Terrace, 2+ storey with terrace, 3 bedrooms (optional 4), 1,463 sq ft, from $789,990

These are advertised net-rebate base model prices and may not represent current availability. The advertised prices reflect an HST rebate; eligibility, legislation, conditions and filing requirements apply, with approval subject to the Canada Revenue Agency and the Government of Ontario.

You can review the floor plans and current details on the South Banks project page.

Grand Opening incentives

Grand Opening incentives are available right now, subject to vendor terms and conditions. They may change or be withdrawn without notice. What's included:

• One year free maintenance fees
• Levies capped at $0
• A $5,000 closing cost cap
• An extended deposit structure
• A 6-piece appliance package
• A kitchen ceramic backsplash
• Free assignment (legal fees apply)
• One underground parking space included with Coast and Drift models

Maintenance is listed at $199.99 a month, with the first year free under the incentive above.

The full deposit structure

The extended deposit structure is split by home type. All cheques are made payable to Brattys LLP in Trust, and the initial $10,000 deposit is by bank draft.

1-storey townhomes, $70,000 total

• $10,000 due on signing
• $7,500 at 30 days
• $7,500 at 60 days
• $7,500 at 90 days
• $7,500 at 150 days
• $7,500 at 210 days
• $7,500 at 270 days
• $5,000 at 330 days
• $10,000 on occupancy

2+ storey townhomes, $95,000 total

• $10,000 due on signing
• $7,500 at 30 days
• $7,500 at 60 days
• $7,500 at 90 days
• $7,500 at 150 days
• $7,500 at 210 days
• $7,500 at 270 days
• $7,500 at 330 days
• $7,500 at 390 days
• $7,500 at 450 days
• $7,500 at 510 days
• $10,000 on occupancy

Deposit schedules vary by home type and may change or be withdrawn without notice.

Why Lakeview Village

Lakeview Village is taking shape on Mississauga's Lake Ontario shoreline, just east of Port Credit. South Banks is close to Lakeshore Road East and Hydro Road. Long Branch GO is roughly a four-minute drive and the QEW about five minutes, so getting to downtown Toronto or across Peel is straightforward. Those drive times are approximate and based on public marketing sources.

The homes are built by DECO Homes, with OPUS Homes also building in the South Banks community. Architecture is by Sasaki, Looney Ricks Kiss and Q4 Architects, with interiors by II BY IV DESIGN. Occupancy is scheduled for 2029.

Let's connect

If you'd like to walk through the floor plans, pricing or deposit schedule, fill in the form below. You can also review the full project details on the South Banks at Lakeview Village page.

Prices and incentives subject to change. E.&O.E.