$1,788,000 - 40 Lou Parsons Way Unit 55, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Port Credit
- MLS Number
- W13432972
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,250 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South West
- Balcony
- Terrace
- Listing Brokerage
- IRISE
Lakeside luxury in the heart of Port Credit - welcome to Brightwater Towns. This stunning 3-bedroom townhome sits right on the water, offering bright, modern living just steps from the lake. Sun-filled open-concept principal rooms flow to a private outdoor space, while the chef's kitchen features quartz counters, a waterfall-edge island and premium built-in appliances. The spa-inspired bathrooms are finished with sleek glass shower enclosures, and the primary retreat offers a serene escape with its own ensuite and ample closet space. Wide-plank flooring, oversized windows and elevated designer finishes run throughout.Set within the 72-acre Brightwater master-planned waterfront community by Kilmer, Dream, DiamondCorp and Fram + Slokker, this is lakefront living at its finest. Walk out to waterfront trails, the marina and J.C. Saddington Park, with Farm Boy, Loblaws, cafés and restaurants at the Brightwater Marketplace right at your door. Enjoy the free on-demand EV shuttle to Port Credit GO, smart-home tech, community Wi-Fi and five new parks - with the vibrant shops and patios of Port Credit village just minutes away. A rare opportunity to own on the water in one of Mississauga's most coveted communities.
Estimate your monthly payments for this property
Estimated Payment
$7,908.93/mo
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 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.
40 Lou Parsons Way Unit 55, 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 $795/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 20 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 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.
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.