This beautifully updated family home presents a rare opportunity, ideally set on an expansive 50' x 200' lot in the highly sought-after Lakeview neighbourhood of South Mississauga. Renovated in 2018 the home offers comfortable, flexible living for growing families, first-time buyers or those looking for a home with room to evolve. A separate basement apartment provides the added benefit of rental income or private living space for extended family. Estimated basement rental income of $1700.00 per month. Enjoy the best of Lakeview living with the waterfront, parks, trails, marinas and golf courses nearby, along with excellent schools, shopping, restaurants and everyday amenities. The exciting Lakeview Village redevelopment is just minutes away, while convenient access to the QEW, Highways 427 and 403, and both Long Branch and Port Credit GO Stations makes commuting throughout the GTA easy. Adding to the home's appeal is the exceptional size of the property and the flexibility it provides over time. Surrounded by an increasing number of luxury custom homes and zoned RL, the lot may accommodate approximately 4,000 sq. ft. of above-grade living space, subject to City of Mississauga approvals, offering the option to build a substantial custom residence in the future. A move-in-ready home with income or extended-family potential today, and an exceptional lot offering with even more possibilities for tomorrow.