10 Lou Parsons Way Unit 2, Mississauga

Price: $1,579,900

3 bedrooms, 4 bathrooms

1,800 sqft

Property Type: Condo

MLS#: W12858228

Stunning townhome located in the Brightwater Waterfront Community features a private walk-up and overlooks a large green space, offering enhanced privacy with no direct-facing neighbors. This thoughtfully designed residence showcases 10-ft ceilings on the main level and 9-ft ceilings on the second and third floors, oversized windows, and engineered hardwood flooring throughout, creating a bright and airy living environment. Gourmet kitchen combines style and functionality with premium integrated appliances, including a paneled fridge and dishwasher, a built-in wall oven, and a 5-burner gas cooktop. Quartz countertops with matching backsplash and a striking waterfall island anchor the space. Open-concept living and dining area transitions seamlessly to a spacious outdoor deck and expansive private terrace, perfect for entertaining or everyday enjoyment. Second floor offers two generously sized bedrooms, including one with its own ensuite, a full 4-piece main bath, convenient second-floor laundry. An additional den provides flexibility as a reading room or extra living space. Third floor offers a tranquil primary suite complete with a spa-inspired ensuite. A dedicated home office that opens directly onto a rooftop terrace, ideal space for working from home and enjoying quiet outdoor moments. 3 vehicles via a 2-car tandem garage plus driveway space. An opportunity to be part of the growing Brightwater Port Credit Waterfront Community, a multi-year master-planned neighbourhood featuring acres of open green space, multiple parks, pedestrian-friendly streets, and convenient on-site retail. Residents enjoy an exceptional lakeside lifestyle with walking distance to vibrant downtown Port Credit, waterfront trails, cafés, restaurants, Farm Boy, LCBO, boutique shops, and a resident shuttle to Port Credit GO Station for easy commuting.

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$1,579,900 - 10 Lou Parsons Way Unit 2, Mississauga

Condo for Sale in Mississauga

98 days on market
3Beds
4Baths
1,800Sq Ft
Condo
Property Details
MLS Number
W12858228
Property Type
Condo
Status
active
Days on Site
98
Bedrooms
3
Bathrooms
4
Square Feet
1,800 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
South
Balcony
Terrace
Listing Brokerage
RIGHT AT HOME REALTY
Description

Stunning townhome located in the Brightwater Waterfront Community features a private walk-up and overlooks a large green space, offering enhanced privacy with no direct-facing neighbors. This thoughtfully designed residence showcases 10-ft ceilings on the main level and 9-ft ceilings on the second and third floors, oversized windows, and engineered hardwood flooring throughout, creating a bright and airy living environment. Gourmet kitchen combines style and functionality with premium integrated appliances, including a paneled fridge and dishwasher, a built-in wall oven, and a 5-burner gas cooktop. Quartz countertops with matching backsplash and a striking waterfall island anchor the space. Open-concept living and dining area transitions seamlessly to a spacious outdoor deck and expansive private terrace, perfect for entertaining or everyday enjoyment. Second floor offers two generously sized bedrooms, including one with its own ensuite, a full 4-piece main bath, convenient second-floor laundry. An additional den provides flexibility as a reading room or extra living space. Third floor offers a tranquil primary suite complete with a spa-inspired ensuite. A dedicated home office that opens directly onto a rooftop terrace, ideal space for working from home and enjoying quiet outdoor moments. 3 vehicles via a 2-car tandem garage plus driveway space. An opportunity to be part of the growing Brightwater Port Credit Waterfront Community, a multi-year master-planned neighbourhood featuring acres of open green space, multiple parks, pedestrian-friendly streets, and convenient on-site retail. Residents enjoy an exceptional lakeside lifestyle with walking distance to vibrant downtown Port Credit, waterfront trails, cafés, restaurants, Farm Boy, LCBO, boutique shops, and a resident shuttle to Port Credit GO Station for easy commuting.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,988.43/mo

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5-yr fixed avg.

Principal: $1,263,920Interest: $832,609
Mortgage Amount$1,263,920
Total Interest$832,609
Est. Property Tax$1,119/mo
Total Cost$2,096,529

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.

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Neighbourhood Guide: Mississauga

Discover Mississauga

Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Mississauga

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

10 Lou Parsons Way Unit 2, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,400/mo
Range: $2,890 - $3,910
Cap Rate (ROI)
0.6%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,400
Maintenance Fees-$1,170
Property Tax (est.)-$1,119
Insurance (est.)-$329
Net Cash Flow+$782

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $878/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.

Negotiation Opportunity

At 98 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

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 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.

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    MLS# W12858228 — 10 Lou Parsons Way Unit 2, Mi… | Battaglia Team