Houses & Homes for Sale in Lisgar & Meadowvale, Mississauga (2026 L5N Guide)
2026 West Mississauga Freehold & Family Housing Guide by Fernando Borges Mora, REALTOR® (eXp Realty) — Lisgar (L5N) & Meadowvale (L5N) Live MLS® Listings & 4K Aerial Tour.
Why Lisgar & Meadowvale (Postal Code L5N) Lead West Mississauga Family Home Sales in 2026
Located in northwest Mississauga—bounded by Highway 401 to the north, Highway 407 ETR / Ninth Line to the west, Britannia Road West to the south, and Winston Churchill Boulevard / Erin Mills Parkway / Creditview Road across the L5N corridor—Lisgar and Meadowvale are two of the highest-turnover family neighbourhoods in the Toronto Regional Real Estate Board (TRREB).
According to 2026 TRREB MLS® absorption data, semi-detached houses and freehold townhouses in Lisgar and Meadowvale record some of the highest Sales-to-New-Listings Ratios (SNLR) in Peel Region because they allow move-up buyers to step out of a condo into a backyard home for $150,000 to $275,000 less than Central Erin Mills or South Mississauga.
Direct Access to Live Lisgar & Meadowvale TRREB MLS® Portals & 4K Drone Video:
2026 Price Comparison Matrix: Lisgar vs. Meadowvale (Postal Code L5N)
While both communities share the L5N postal code prefix and sit side-by-side along Tenth Line West, their construction eras and price points offer two distinct choices:
| Property Type in Postal Code L5N | Meadowvale (East of Tenth Line W) (Built 1972–1990) | Lisgar (West of Tenth Line W) (Built 1992–2006) | Typical Rental Income Potential (Upper + Basement) |
|---|---|---|---|
| Condo Townhouses (3-Bed) | $655,000 – $815,000 | $735,000 – $860,000 | $2,950 – $3,400 / month |
| Freehold Townhouses (3-Bed, $0 Condo Fee) | $825,000 – $935,000 | $860,000 – $985,000 | $3,150 – $3,600 / month |
| Semi-Detached Houses (3–4 Bed) | $885,000 – $1,035,000 | $940,000 – $1,095,000 | $3,100 Up + $1,850 Basement = $4,950 / mo |
| Detached Houses (3–4 Bed, 1–2 Car Garage) | $1,075,000 – $1,480,000 | $1,180,000 – $1,580,000 | $3,450 Up + $2,150 Basement = $5,600 / mo |
1. Inside Lisgar (West of Tenth Line West): 1990s–2000s Brick Layouts & Lisgar GO
As showcased in our 4K Aerial Drone Video of Lisgar, Lisgar was built primarily between 1992 and 2006 around Osprey Marsh, Lisgar Meadow Brook Trail, Osprey Boulevard, Trelawny Circle, and Doug Leavens Boulevard:
- Why Buyers Target Lisgar: Modern red-brick and stone two-storey architecture with open-concept family rooms, primary bedroom ensuites with walk-in closets, main-floor laundry, and poured-concrete basements with high ceilings ideal for legal Second Units (ARUs).
- Lisgar GO Station & Argentia SmartCentres: Commuters board the Milton GO Train at Lisgar GO Station (3250 Argentia Rd at Winston Churchill Blvd & Hwy 401) or hop onto Highway 401 and Highway 407 ETR in 2 minutes. Adjacent SmartCentres Mississauga North provides Walmart Supercentre, Home Depot, RONA, Winners, and 40+ restaurants.
2. Inside Meadowvale (East of Tenth Line West): Lake Aquitaine, Lake Wabukayne & Best Starter Prices
Developed as one of Canada's first master-planned "New Towns" in the 1970s and 1980s, Meadowvale is famous for its greenbelt trail network linking every crescent to parks and schools without crossing major roads:
- Two Recreational Lakes & Meadowvale Community Centre: Anchored by Lake Aquitaine (6655 Montevideo Rd — featuring fishing, a splash pad, fitness circuit, and the state-of-the-art Meadowvale Community Centre & Library) and Lake Wabukayne, connected by over 28 km of paved trails.
- Meadowvale GO Station & Corporate Employment: Walk or take a 4-minute MiWay bus to Meadowvale GO Station (6845 Millcreek Dr) and the Meadowvale Business Park (home to dozens of major pharmaceutical, tech, and financial headquarters).
3. Verified Schools Serving Lisgar & Meadowvale (PDSB & DPCDSB)
Families buying in L5N enjoy access to high-performing public and Catholic schools across both boards:
- Public Secondary Schools (PDSB): Meadowvale Secondary School (6700 Edenwood Dr — home to the prestigious International Baccalaureate [IB] Diploma Programme) and Streetsville Secondary School (offering Secondary French Immersion for designated southern L5N streets).
- Catholic Secondary Schools (DPCDSB): Our Lady of Mount Carmel Secondary School (3700 Trelawny Circle — 7.4/10 Fraser Rating, offering Advanced Placement [AP], Extended French, and SHSM) and St. Joan of Arc Catholic Secondary School (for select western Churchill Meadows/Lisgar border streets).
- Middle & Elementary Schools: Lisgar Middle School, Edenwood Middle School, Plum Tree Park Public School (French Immersion), Osprey Woods Public School, Kindree Public School, Trelawny Public School, Shelter Bay Public School, St. Simon Stock, St. Albert of Jerusalem, St. Teresa of Avila, and St. Richard.
Compare Lisgar against neighbouring communities in our Central Erin Mills vs. Churchill Meadows vs. Lisgar Family Comparison and verify your exact house number on our Mississauga School Boundary Map Guide with Fernando Borges Mora, REALTOR® (eXp Realty).
Official Verified Data Sources & References
- MLS® Sales & Absorption Statistics: Toronto Regional Real Estate Board (TRREB)
- 4K Aerial Neighbourhood Video: This View of Lisgar is AMAZING! — Fernando Borges Mora YouTube Channel
- Milton Line GO Train Schedules: Metrolinx — Lisgar GO & Meadowvale GO
- School Catchments & IB Program: Peel District School Board (PDSB) & Dufferin-Peel Catholic (DPCDSB)