$6,500/mo - 36 Compass Way, Mississauga
Condo for Rent in Mississauga
Neighbourhood: Port Credit
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- MLS Number
- W13749772
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX ESCARPMENT REALTY INC.
An exceptional executive rental for tenants seeking space, privacy and effortless waterfront living in the heart of Port Credit. Set within an exclusive lakeside enclave, this end-unit townhome offers more than 3,000 sq. ft. of finished living space, three bedrooms, three bathrooms and a refined, low-maintenance lifestyle. The light-filled main level features nine-foot ceilings, hardwood flooring, crown moulding and integrated speakers. A gracious formal living room with a gas fireplace and custom bookshelves flows to a generous dining room designed for entertaining. The custom kitchen is equally impressive, with cream cabinetry, quartz countertops, a central island with breakfast seating and premium stainless steel appliances, including a gas cooktop and built-in oven and microwave. An informal dining area and inviting family room with a three-sided gas fireplace open directly to a private patio, creating a seamless setting for indoor-outdoor living. Upstairs, the serene primary suite includes a walk-in closet and four-piece ensuite with a glass-enclosed shower and soaker tub. The spacious second bedroom offers a walk-in closet and covered balcony, while a third bedroom, four-piece bathroom and laundry closet complete the level. The third-floor loft provides exceptional flexibility as a family lounge, private office or guest retreat and features a secluded rooftop balcony. The finished lower level offers additional space for a gym, media room or office, with direct access to a private underground two-car garage and driveway parking for two more vehicles. Steps from the Lake Ontario shoreline, waterfront trails, Port Credit Marina, boutique shopping and acclaimed dining, the home also provides convenient access to major routes and downtown Toronto. Available to qualified A+ tenants, this sophisticated residence presents an elevated leasing opportunity in one of Port Credit's most prestigious waterfront communities.
Waterfront Living at Its Finest
Port Credit is Mississauga's premier waterfront community, offering stunning Lake Ontario views and a vibrant village atmosphere. This sought-after neighbourhood combines urban amenities with natural beauty, featuring a bustling marina, eclectic restaurants, and beautiful waterfront parks. The area has undergone significant revitalization, making it one of the most desirable addresses in the GTA.
Why Live in Port Credit
- •Direct access to Lake Ontario waterfront and marina
- •Award-winning restaurants and local boutiques
- •Port Credit GO Station for easy Toronto commuting
- •Active arts and culture scene
- •Year-round festivals and community events
Nearby Schools
Transit & Commuting
- •Port Credit GO Station - 25 minutes to Union Station
- •MiWay bus connections throughout Mississauga
- •Waterfront Trail for cycling
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Port Credit Marina
- •J.C. Saddington Park
- •Port Credit Memorial Park
- •Waterfront Trail
- •Local cinema and performance venues
Lifestyle & Community
Port Credit offers an enviable waterfront lifestyle with the convenience of urban living. Residents enjoy morning walks along the lake, dining at acclaimed restaurants, and weekend sailing. The area attracts young professionals, families, and retirees who appreciate the active, social atmosphere.
36 Compass Way, Mississauga
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Above Market Rent
At $6,500/mo, this is asking above the typical 3-bedroom rent of ~$3,500/mo in Mississauga. That premium needs to be justified — newer finishes, included parking, a premium location, or utilities included. I'll help you assess whether it's worth it or whether there's room to negotiate.
Market Position
At 15 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.
Larger Home Realities
At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.