Lisgar: Family Homes 7% Below the City Average — But Budget for the Basement
Lisgar offers detached family homes around $1.16 million — roughly 7% under the Mississauga average — with its own GO station and fast-selling, competitive listings. The catch every buyer needs to price in: a documented, decades-long basement-flooding problem that shapes insurance premiums and resale. Here’s the full financial picture.
About Lisgar
Lisgar sits at Mississauga’s northwest edge, west of Ninth Line and bordering Milton, built out largely in the 1990s and 2000s as a family-oriented community of detached homes and townhouses. It’s anchored by well-regarded schools (Osprey Woods among the local favourites), extensive trail networks, and its own Lisgar GO station on the Milton line — a combination that keeps it firmly an owner-occupied, commuter-family neighbourhood, with roughly three-quarters of households owning rather than renting.
On price, Lisgar is a value tier below the city’s average without being cheap: the average sale price runs near $1.06 million, detached homes around $1.16 million, and townhouses around $834,000 — about 7% under the Mississauga-wide figure. It’s also a fast, competitive market: homes sell in a median of about 21 days, with a meaningful share going in under 10 days and above asking. Renters face thin supply, with a median rent near $2,400/month. But the number that most distinguishes Lisgar financially isn’t on any listing sheet — it’s flood risk.
Lisgar by Housing Type
| Housing Type | Typical Price (2026) | Est. Property Tax / yr* | Notes |
|---|---|---|---|
| Townhouse | ~$834,000 | ~$9,073 | Family entry point |
| Avg all sales | ~$1,061,045 | ~$11,543 | Neighbourhood benchmark |
| Detached (median) | ~$1,162,500 | ~$12,647 | ~7% below city average |
| Median rent | ~$2,400 / mo | — | Thin rental supply |
*Illustrative property tax at the City’s 2026 residential rate of 1.087901% (By-law 0061-2026) applied to the price shown. Actual bills use your MPAC assessed value, frozen at January 1, 2016 — below current market for most Lisgar homes. Flood-related insurance costs are separate from and additional to these figures. Estimate your real bill →
Where These Numbers Come From
Ward & flood response
Lisgar is in Ward 10 (Councillor Sue McFadden). The City’s Sixteen Mile Creek pumping-station program (stations operating 2021 & 2025; more in 2026–2027) is documented by the City and local media.GO station & tax rate
Lisgar GO is on Metrolinx’s Milton line; 2026 residential property tax rate 1.087901% (By-law 0061-2026).Prices & rents
~$1.06M average, $1.16M detached median, $834K townhouse, and ~$2,400 rent are third-party market figures (Zolo, 2026).Flood exposure & insurance
Flood risk and insurance pricing vary lot by lot. The ~$125M community-cost figure is a resident estimate reported by local media, not an official total. Verify coverage on any specific home.Lisgar Reading
Home & Tenant Insurance in Mississauga
Why flood-exposed Lisgar addresses can carry higher premiums — and what overland-water and sewer-backup endorsements actually cover.
🚉 CommuteGO Transit Commuter Cost Guide
What a Milton-line commute from Lisgar GO costs in 2026 — the offset to a lower home price this far northwest.
🏛 Property TaxMississauga Property Tax 2026
What Ward 10 homeowners pay, and how stormwater charges appear on your utility and tax bills.
🔑 RentingRenting in Mississauga in 2026
Where Lisgar’s ~$2,400 median fits on the citywide rent map, and the trade-offs at that price.
Calculators for Lisgar Residents
Property Tax Estimator
Estimate your Ward 10 bill from your MPAC assessed value and the 2026 rate.
🚌 CommuteMiWay vs. Driving Calculator
Weigh Lisgar’s lower home price against its commute — transit vs. driving, all-in.
📊 Cost IndexCost of Living Index
Compare Lisgar’s full monthly cost picture against Meadowvale, Churchill Meadows, and Streetsville.
Financial Fast Facts — Lisgar
- Postal code L5N; northwest-edge family community bordering Milton, built largely 1990s–2000s; ~75% own, ~25% rent
- Average sale ~$1,061,045; detached median ~$1,162,500 (about 7% below the city average); townhouses ~$834,000
- Fast market: median ~21 days on market, with a meaningful share selling in under 10 days and above asking (Zolo, 2026)
- Median rent ~$2,400/month with thin supply
- Flood risk is the defining financial factor: low-lying, clay-soil areas have flooded since 2008; residents estimate ~$125M in collective cost
- City Sixteen Mile Creek pumping stations: two operating (2021, 2025), a third due 2026, a fourth in 2027
- Confirm overland-water and sewer-backup insurance coverage, eligibility, and pricing on any specific address before buying
- Lisgar GO (Metrolinx Milton line) supports a lower-cost downtown-Toronto commute versus driving
- Ward 10 — Councillor Sue McFadden; primary contact for flooding, stormwater, and development questions
- 2026 residential property tax rate 1.087901%; Alectra (hydro) and Enbridge (gas) service the area
Other Neighbourhood Hubs
Home and rent figures are third-party market estimates (Zolo, 2026) and change over time; verify current pricing before making any decision. Flooding and pumping-station details are drawn from City of Mississauga and local media reporting; the ~$125M figure is a reported resident estimate, not an official total. Flood risk and insurance pricing are address-specific — confirm coverage before buying. Property tax figures are illustrative calculations based on published 2026 rates. This page is general financial information, not legal, tax, insurance, or real estate advice. © 2026 MississaugaWallet.ca