Welcome to an exciting opportunity in Mississauga's highly sought-after Lakeview community! Nestled in an established neighbourhood experiencing an impressive transformation, 940 First Street offers exceptional versatility for homeowners, renovators and those envisioning a future custom-built residence. Move in and enjoy the home as it stands, thoughtfully enhance its existing interior and exterior features, or explore the potential to create your dream home, following the lead of the many custom residences redefining the surrounding streetscape. The existing home offers 3-bedrooms upstairs plus an existing den or bedroom on the main level, 2-bathrooms, a functional layout and several updates, providing a comfortable starting point with plenty of room to make it your own. Beyond the property itself, the location is a true highlight! Enjoy close proximity to the shores of Lake Ontario, waterfront parks, scenic walking and cycling trails, and the exciting Lakeview Village redevelopment, bringing a new vision for waterfront living to the community. Everyday conveniences are within easy reach, including the nearby Walmart, local shops, restaurants, schools and community amenities. Commuters will appreciate convenient access to the QEW, nearby Long Branch and Port Credit GO Stations, and major routes connecting to downtown Toronto and across the GTA. Whether you're looking to settle into a vibrant lakeside neighbourhood, invest in future improvements or explore the possibilities of a custom build, this property offers an exciting opportunity in one of Mississauga's evolving communities. Don't sleep on this value - book your showing today!