An east-west subway line that connects Mississauga City Centre with Kipling TTC station may be a new possibility under the new Provincial government which promised a $6 billion investment in public transit.
The subway would be additional to the north-south light-rail transit (LRT) system that runs along Hurontario. The east-west subway would be a boon to many Mississauga residents that commuters east into Toronto – and vice versa.
What does this mean for real estate? At this point, not much. But in the medium term depending on how plans unfold, there could be new opportunities for real estate investment.
A property will become more valuable if it is located close to a subway stop. The subway could run along the Dundas corridor with stops at:
From Cawthra it would head north up Hurontario with stops at Cooksville and Burnhamthorpe before the end of the line in the Downtown Core.
Seeking out properties in these locations while the subway plans are drawn up could be a good investment idea.
There is no certainty of the subway line extension being built but new transit options will be critical with the influx of new residents moving into the numerous new condo developments in Mississauga city centre.
Photo Courtesy of Enoch Leung