Lisgar: Family Homes Near the City Average, But Budget for the Basement
Lisgar homes list at an average of about $1.16 million, roughly 2% under the Mississauga average listing price, with its own GO station on the Milton line. 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 sits close to the city average rather than below it. On Zolo’s figures read 14 September 2026, homes list at an average of $1,163,000, about 2% under Mississauga’s $1,188,000, and townhouses list at an average of $865,000. Homes that actually sold over the preceding 56 days averaged $1,025,883, though that figure rests on 44 sales and moves with which homes happen to sell. The market is not especially fast: the median home took about 38 days to sell, none sold in under 10 days in that window, and about 14% went above asking. Renters face thin supply that splits into two markets: on Zolo’s listings on 14 September 2026, basement and lower-level suites at $1,300–$2,190 and whole houses, townhouses and upper units at $2,900–$5,500. But the number that most distinguishes Lisgar financially isn't on any listing sheet — it's flood risk.
Lisgar by Housing Type
| Housing Type | Price (Zolo, 14 Sept 2026) | Est. Property Tax / yr* | Notes |
|---|---|---|---|
| Townhouse (avg listing) | ~$865,000 | ~$9,410 | Family entry point |
| Avg sale price (56 days) | ~$1,025,883 | ~$11,161 | 44 sales; moves with the mix sold |
| Avg listing price (all types) | ~$1,163,000 | ~$12,652 | ~2% below the city average listing |
| Rent: suites | $1,300–$2,190 / mo | — | Basement and lower-level units |
| Rent: whole homes | $2,900–$5,500 / mo | — | Houses, townhouses, upper units |
*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
$1,163,000 average listing, $865K average townhouse listing and $1,025,883 average sale (56 days) are third-party market figures (Zolo, read 14 September 2026). Zolo publishes no detached-only figure for Lisgar. Rent ranges are asking rents on 25 live Zolo listings with a visible price, read 14 September 2026; Lisgar has no Zumper rent figure.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
Malton vs. Streetsville vs. Lisgar
Three GO-served neighbourhoods, a $455,000 spread in average listing price, and what Lisgar’s flood risk is actually worth against its two Milton-line neighbours.
🛡 InsuranceHome & 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
How Lisgar’s split between suites and whole-home rentals compares with the citywide rent map.
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 listing price ~$1,163,000 (about 2% below the Mississauga average listing); average townhouse listing ~$865,000; average sale over 56 days ~$1,025,883 (Zolo, 14 September 2026)
- Median ~38 days on market; none sold in under 10 days in the latest 56-day window, and about 14% sold above asking (Zolo, 14 September 2026)
- Rentals split into suites ($1,300–$2,190/month) and whole homes ($2,900–$5,500/month) on Zolo’s 14 September 2026 listings; 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
Correction · Corrected 14 September 2026. This page previously gave Lisgar’s prices as a $1,061,045 average sale, a $1,162,500 “detached median” and $834,000 townhouses, described them as about 7% below the Mississauga average, and said homes sold in a median of about 21 days with a meaningful share going in under 10 days. Zolo publishes no detached-only figure for Lisgar; the $1,162,500 matched its all-types listing average. On Zolo’s figures read 14 September 2026, Lisgar homes list at an average of $1,163,000, about 2% below the city’s $1,188,000, townhouses at $865,000, and the median home took about 38 days to sell. The page’s headline, figures and property tax estimates were updated to match.
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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