35 Lou Parsons Way Unit 64, Mississauga

Price: $1,559,900

3 bedrooms, 4 bathrooms

1,800 sq ft

Property Type: Condo

MLS#: W12881064

Located in the vibrant Brightwater community in Port Credit, this modern 3 bedroom + den townhome offers approximately 1,945 sq ft of interior living space plus 429 sq ft of private outdoor terraces. The home features 10 ft ceilings on the main floor, wide plank hardwood flooring, and floor-to-ceiling windows that fill the space with natural light. The open-concept main level is ideal for entertaining and features a chef-inspired kitchen with access to a spacious terrace with gas hookup. The second level features two bedrooms, 2 bathrooms, and a versatile den or family area. The third level offers a private primary retreat with a spa-inspired 5-piece bathroom and access to a rooftop terrace. Parking for 3 cars includes a private tandem garage for 2 plus an exterior driveway space. Residents enjoy Brightwater's vibrant waterfront lifestyle with scenic trails, lakefront access, and nearby amenities including Farm Boy, LCBO, cafés, restaurants, and boutiques, along with a resident-only shuttle to Port Credit GO Station. An exceptional opportunity to own in one of Mississauga's most dynamic waterfront communities. Taxes not yet Assessed.

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$1,559,900 - 35 Lou Parsons Way Unit 64, Mississauga

Condo for Sale in Mississauga

New — Listed yesterday
3Beds
4Baths
~1,800Sq Ft
Condo
Property Details
MLS Number
W12881064
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
4
Square Feet
~1,800 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
West
Balcony
Terrace
Listing Brokerage
PIVOT REAL ESTATE GROUP
Description

Located in the vibrant Brightwater community in Port Credit, this modern 3 bedroom + den townhome offers approximately 1,945 sq ft of interior living space plus 429 sq ft of private outdoor terraces. The home features 10 ft ceilings on the main floor, wide plank hardwood flooring, and floor-to-ceiling windows that fill the space with natural light. The open-concept main level is ideal for entertaining and features a chef-inspired kitchen with access to a spacious terrace with gas hookup. The second level features two bedrooms, 2 bathrooms, and a versatile den or family area. The third level offers a private primary retreat with a spa-inspired 5-piece bathroom and access to a rooftop terrace. Parking for 3 cars includes a private tandem garage for 2 plus an exterior driveway space. Residents enjoy Brightwater's vibrant waterfront lifestyle with scenic trails, lakefront access, and nearby amenities including Farm Boy, LCBO, cafés, restaurants, and boutiques, along with a resident-only shuttle to Port Credit GO Station. An exceptional opportunity to own in one of Mississauga's most dynamic waterfront communities. Taxes not yet Assessed.

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Estimated Payment

$6,899.96/mo

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5-yr fixed avg.

Principal: $1,247,920Interest: $822,069
Mortgage Amount$1,247,920
Total Interest$822,069
Est. Property Tax$1,105/mo
Total Cost$2,069,989

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

35 Lou Parsons Way Unit 64, 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.)-$1,105
Insurance (est.)-$325
Net Cash Flow+$800

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Fair Market Value

At $867/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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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