$588,000 - 1140 Parkwest Place Unit 502, Mississauga
Condo for Sale in Mississauga
41 days on marketNeighbourhood: Lakeview
- MLS Number
- W13190782
- Property Type
- Condo
- Status
- active
- Days on Site
- 41
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RIGHT AT HOME REALTY
Located In Mississauga's Desirable Lakeview Community, This Bright And Spacious 2-Bedroom, Condo Offering 2 (Two) Underground Parking Spaces And An Exclusive Locker In A Quiet, Well-Managed Lakeview Community. Thoughtfully Designed Layout Featuring A Separate Dining Area With Walk-Out To A Private Balcony Complete With Gas BBQ Hookup. Open-Concept Kitchen With Breakfast Bar Perfect For Everyday Living And Entertaining. The Primary Bedroom Features A Walk-In Closet And 4-Piece Ensuite. Convenient Ensuite Laundry Included. Enjoy Exceptional Building Amenities Including A Library, Fitness Centre, Sauna, Hobby Room, Party/Meeting Room, Visitor Parking And 24-Hour Concierge. Maintenance Fees Include Heat, Water And Central A/C For Added Peace Of Mind. Ideally Situated Just Minutes From Lake Ontario, Sherway Gardens, Shops, Restaurants, Parks, Transit, Long Branch And Port Credit GO Stations, QEW And Hwy 427. An Incredible Opportunity To Own In One Of Mississauga's Most Sought-After Lakeview Communities.
Estimate your monthly payments for this property
Estimated Payment
$3,016.74/mo
Includes CMHC insurance ($16,405)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Waterfront Transformation in Progress
Lakeview is an exciting neighbourhood undergoing a major transformation from its industrial roots to a vibrant waterfront community. The Lakeview Village development is creating thousands of new homes, parks, and amenities along the Lake Ontario shoreline. Early buyers are positioning themselves in what will become one of the GTA's most sought-after waterfront communities.
Why Live in Lakeview
- •Major waterfront redevelopment underway
- •New parks, trails, and community amenities planned
- •Strong investment potential
- •Lake Ontario waterfront access
- •Mix of new condos and established homes
Nearby Schools
Transit & Commuting
- •Long Branch GO Station nearby
- •Future Hurontario LRT connection
- •MiWay bus routes
- •Easy access to QEW and Gardiner Expressway
Parks & Amenities
- •Jim Tovey Lakeview Conservation Area (opening soon)
- •Lakefront Promenade Park
- •Marie Curtis Park (nearby)
- •Planned retail and restaurant district
- •Future community centre
Lifestyle & Community
Lakeview is perfect for those who want to get in on the ground floor of a major urban transformation. The area offers excellent value with the promise of significant appreciation as the Lakeview Village development completes.
1140 Parkwest Place Unit 502, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $735/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 41 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
About Lakeview
I know Lakeview well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.