$1,499,900 - 50 Coveside Drive Unit 31, Mississauga
Condo for Sale in Mississauga
45 days on marketNeighbourhood: Port Credit
- MLS Number
- W13157416
- Property Type
- Condo
- Status
- active
- Days on Site
- 45
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,800 sqft
- Neighbourhood
- Mississauga
- Locker
- Ensuite+Common
- Exposure
- East
- Balcony
- Terrace
- Listing Brokerage
- BAKER REAL ESTATE INCORPORATED
Welcome to Unit 31 at 50 Coveside Drive, located within the prestigious Brightwater community in Port Credit. This stunning 3-bedroom plus den townhome offers 1,945 sq. ft. of thoughtfully designed interior living space, complemented by 429 sq. ft. of private outdoor terraces. Contemporary finishes, abundant natural light, and a prime location near Lake Ontario create an exceptional blend of luxury, comfort, and lifestyle. The main level showcases soaring 10-foot ceilings, wide-plank hardwood floors, and sleek upgraded pot lights throughout. Floor-to-ceiling windows flood the space with natural light while enhancing the home's modern aesthetic. Additional upgrades include an electric fireplace with a custom wall surround and oak mantel, adding warmth and sophistication. The chef-inspired kitchen is equipped with premium Bosch and Fisher & Paykel integrated appliances, including a 5-burner gas cooktop, and flows seamlessly into the open-concept living and dining areas. Step out onto the expansive terrace with a gas hookup, perfect for entertaining or relaxing. The third level features a serene primary bedroom retreat with a spa-like 5-piece ensuite, alongside a dedicated home office with walkout access to your private rooftop terrace, ideal for remote work or simply unwinding. The versatile den provides flexibility for an additional workspace, reading nook, or lounge area. Additional highlights include parking for three vehicles: two spaces in the private garage and one exterior driveway space. Residents of Brightwater enjoy an unmatched waterfront lifestyle, with access to scenic trails, the waterfront, and everyday conveniences such as Farm Boy, LCBO, cafés, restaurants, and boutique shops. A private, resident-only shuttle to Port Credit GO Station ensures easy and stress-free commuting. A rare opportunity to own a modern townhome in one of Mississauga's most exciting master-planned waterfront communities. Unit has been virtually staged.
Estimate your monthly payments for this property
Estimated Payment
$6,634.56/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.
50 Coveside Drive Unit 31, 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
Fair Market Value
At $833/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 45 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
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.