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310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

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Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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    For sale On market 9 days

    Unit 55 — 40 Lou Parsons Way

    Port Credit·Mississauga, ON·L5H 0B2·Near Lakeshore Rd W/Mississauga Rd.

    • 3 beds
    Mississauga real estate›W13432972
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    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 walk-in-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.

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jun 11, 2026ListedCurrentFor sale$1,788,000 —W13432972This page
    Sep 15, 2025SoldSold$5,800−$200 (3.3%)W12339970View
    Aug 28, 2025Previously listedTer$2,088,000 —W12368681View
    Aug 12, 2025Previously listedLsd$6,000 —W12339970View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      2
      Heating
      Forced Air
      Air conditioning
      Central Air
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 Unit 55 — 40 Lou Parsons Way
    What's nearby

    Points of interest classified by the MLS® feed.

    • Park
    • Public Transit
    • Marina
    • Waterfront
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $8,784
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $783
    0.53% mill rate · ON
    The market

    How this home sits in the Mississauga market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Mississauga market right now

    Average sold price, days on market, and closed-transaction count for Mississauga — sourced from MLS®.

    • Avg sold price
      $986,232
      Last 30 days
    • Median sold price
      $890,000
      Middle of the market
    • Days on market
      30 d
      Avg from list to close
    • Closed last 30d
      1,551
      MLS® transactions
    Full Mississauga market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into Unit 55 — 40 Lou Parsons Way — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at Unit 55 — 40 Lou Parsons Way and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is Unit 55 — 40 Lou Parsons Way listed for?

      Unit 55 — 40 Lou Parsons Way is listed at $1,788,000 on the MLS® (listing W13432972). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does Unit 55 — 40 Lou Parsons Way have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 4 baths
  2. 2250-2499 sqft
  3. Condo Townhouse
  4. Built New
  5. Asking
    $1,788,000
    $0 / sqft · MLS® W13432972
    Chat Zara
  6. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $986,232
    $907,333Confidence range$1,065,131
    Asking vs estimate
    ↑↑well-above
    +$801,768
    (+81.3%)
    Asking is well above
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 3 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Mississauga sell in about 30 days — this one has been listed 9 days.

    Avg sold price
    $986,232
    Median sold
    $890,000
    Avg days on market
    30
    Recently sold
    1551
    See comparable sales
    Walk through online
    Listing agent has provided two interactive tours
    Open virtual tourWatch video tour
    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.
  7. 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.
  8. Saddington Park, with Farm Boy, Loblaws, cafés and restaurants at the Brightwater Marketplace right at your door.
  9. Enjoy the free on-demand EV shuttle to Port Credit GO, smart-home tech, community walk-in-Fi and five new parks - with the vibrant shops and patios of Port Credit village just minutes away.
  10. Ask Zara a follow-up

    Parking & garage

    4
    Garage
    Built-In
    Garage spaces
    4
    Parking spaces
    4
    Driveway
    1
  11. Interior

    5
    Basement
    None
    Family room
    Y
    Kitchens
    1
    Total rooms
    7
    Laundry level
    Upper Level
  12. Exterior & construction

    3
    Exterior
    Brick, Other
    Patio
    Terrace
    Balcony
    Terrace
  13. Lot & land

    1
    Year built
    New
  14. Listing & possession

    3
    Possession
    2026-12-01T00:00:00.000-00:00
    Property style
    3-Storey
    Property class
    Condo Townhouse
  15. Room-by-room · 7 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Ground level

    3 rooms
    • Living Room
      hardwood floor · open concept · w/o to terrace
      16.8 × 9.8 ft
    • Kitchen
      centre island · quartz counter · b/i appliances
      13.1 × 9.8 ft
    • Dining Room
      hardwood floor · open concept · combined w/kitchen
      13.5 × 13.1 ft

    Second level

    2 rooms
    • Primary Bedroom
      hardwood floor · 5 pc ensuite · walk-in closet(s)
      14.1 × 13.8 ft
    • Bedroom 2
      hardwood floor · 4 pc ensuite · large closet
      14.0 × 10.2 ft

    Third level

    2 rooms
    • Family Room
      hardwood floor · w/o to terrace
      13.0 × 11.0 ft
    • Bedroom 3
      hardwood floor · 3 pc ensuite · large closet
      14.1 × 10.5 ft

    Condo corporation & monthly fees

    Maintenance fee, what's included, locker, exposure, amenities, and condo corp details.

    Monthly maintenance
    Condo corp fees
    $523
    per month
    Building details
    • Unit55
    • Storeys (building)0
    • ExposureSouth West
    • LockerNone
    • Parking typePrivate
    • Pet policyYes-with Restrictions
    • Ensuite laundryY
    • Condo corpPSCC
    • Property managerFirst Service
  16. Lake/Pond
  17. Combined estimate
    $9,567
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $8,784
    /mo
    based on the purchase price of $1,788,000
    $357,600 cash
    $1,430,400 financed
    $1,204,772 total interest
    Monthly payment$8,784/ month
    Principal54%$1,430,400
    Interest46%$1,204,772

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax and condo fees.

    Comparable condo townhouses that just sold in Mississauga

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 7155 Magistrate Terrace
      Sold
      Sign in for price
      7155 Magistrate Terrace
      Condo Townhouse
    • 7340 Copenhagen Road
      Sold
      Sign in for price
      7340 Copenhagen Road
      Condo Townhouse
    • 455 Apache Court
      Sold
      Sign in for price
      455 Apache Court
      Condo Townhouse
    • 435 Hensall Circle
      Sold
      Sign in for price
      435 Hensall Circle
      Condo Townhouse
    • 4025 Hickory Drive
      Sold
      Sign in for price
      4025 Hickory Drive
      Condo Townhouse
    • 1230 Gripsholm Road
      Sold
      Sign in for price
      1230 Gripsholm Road
      Condo Townhouse
    AddressBd / BaSqftSold$/sqft% of askSold
    Unit 55 — 40 Lou Parsons WayThis home3 / 422,502,499$1,788,000ask———
    7155 Magistrate Terrace3 / 31,600—
    7340 Copenhagen Road3 / 21,400—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More condo townhouses in Mississauga

    Active listings within ±20% of this asking price.

    • 75 Maple Avenue
      $1,525,000
      75 Maple Avenue
      Condo Townhouse 2 2
    • 12 St Lawrence Drive
      $1,665,000
      12 St Lawrence Drive
      Condo Townhouse 4 4
    • 115 St Lawrence Drive
      $1,699,990
      115 St Lawrence Drive
      Condo Townhouse 3 3
    • 136 St Lawrence Drive
      $2,100,000
      136 St Lawrence Drive
      Condo Townhouse 4 4
    • 4135 Shipp Drive
      $1,488,800
      4135 Shipp Drive
      Condo Townhouse 3 4
    • 129 High Street
      $1,549,800
      129 High Street
      Condo Townhouse 3 4
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  18. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  19. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  20. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  21. Public listing courtesy of IRISE · displayed on Summitly per MLS® data-share rules

    Unit 55 — 40 Lou Parsons Way is a 3-bedroom, 4-bath, 2250-2499 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  22. When was Unit 55 — 40 Lou Parsons Way built?

    Unit 55 — 40 Lou Parsons Way was built in New. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  23. What is the property tax for Unit 55 — 40 Lou Parsons Way?

    The 'Property tax' tab in the History section shows the most recent annual tax for Unit 55 — 40 Lou Parsons Way plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  24. How much would the monthly mortgage be on Unit 55 — 40 Lou Parsons Way?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,788,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  25. Has Unit 55 — 40 Lou Parsons Way been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of Unit 55 — 40 Lou Parsons Way with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  26. What neighbourhood is Unit 55 — 40 Lou Parsons Way in?

    Unit 55 — 40 Lou Parsons Way is in Port Credit, Mississauga. The 'Neighbourhood' section below links to the live Mississauga real estate hub with average sold price, days on market, and current inventory.

  27. Is Mississauga a good place to live?

    Mississauga is one of ON's actively-tracked Summitly markets. The full Mississauga real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  28. 455 Apache Court
    3 / 4
    1,600
    —
    435 Hensall Circle3 / 31,600—
    4025 Hickory Drive2 / 31,000—
    1230 Gripsholm Road2 / 2900—