1241 Parkwest Place 5

Lakeview, Mississauga, L5E 3J3

$759,000

2+1 bedrooms
3 bathrooms
2 parking
1600-1799 sq ft

Listed 28 days ago · MLS® W13813156

Open house

Sunday, October 25 at 2:00 p.m. to 4:00 p.m. Add to calendar

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About this home

Welcome to a different kind of condo living in the heart of Lakeview! Offering 1,602 above ground feet + finished basement of living, this spacious townhome combines the convenience of condominium living with the space and functionality of a traditional home.Step inside to discover a thoughtfully designed layout featuring generous principal rooms, an updated kitchen, and plenty of room to entertain. Enjoy your own private outdoor patio, perfect for morning coffee, summer barbecues, or simply unwinding after a long day.The upper levels offer comfortable bedrooms and a flexible primary suite, while the private rooftop terrace provides an additional outdoor retreat. The lower level offers versatile space that can accommodate a home office, recreation room, or additional living area. Two underground parking spaces complete this exceptional offering.Located in the highly desirable Lakeview community, you're surrounded by an abundance of parks, trails, and recreational amenities. Enjoy easy access to the waterfront, Lakefront Promenade Park, Lakeview Library, and Carmen Corbasson Community Centre.Commuters will appreciate the convenience of nearby Long Branch and Port Credit GO Stations, MiWay transit, and quick access to the QEW and Lakeshore Road, making travel throughout the GTA a breeze.With shopping, restaurants, schools, and everyday essentials just minutes away, this is a fantastic opportunity to enjoy spacious, low-maintenance living in one of Mississauga's most established waterfront communities.Four levels of living, private outdoor spaces, and an unbeatable Lakeview location. Welcome home!

Details

Type: Condo Townhouse
Style: 3-Storey
Size: 1600-1799 sq ft
Basement: Finished
Garage: Underground
Kitchens: 1
Property tax: $4,406 (2026)
Maintenance fee: $648/month
Neighbourhood: Lakeview
Municipality: Mississauga
Price per sq ft: $447 (27% below condo townhouses in Lakeview, $614)

Interior

Bedrooms: 2 above ground + 1 below
Bathrooms: 1 × 3-piece (basement), 2 × 4-piece (second)
Rooms: 8 above ground
Family room or den: No
Fireplace: Yes
Laundry: In-Suite Laundry, Ensuite

Heating, cooling and services

Heating: Forced Air, Gas
Air conditioning: Central Air

Building and exterior

Style: 3-Storey
Exterior: Brick

Parking

Garage spaces: 2
Total parking: 2

Condo

Monthly fee: $648
Fee includes: Common Elements Included, CAC Included, Building Insurance Included, Condo Taxes Included, Parking Included
Balcony: Terrace
Exposure: South
Pets: Yes-with Restrictions
Property manager: Wave Condominium & Property Management

Possession: 90 Days
Cross street: Atwater & Cawthra

Rooms

Room	Level	Size	Features
Kitchen	Main	4.04 × 2.54 m (13'3" × 8'4")	Stainless Steel Appl, Tile Floor, Quartz Counter
Living Room	Main	4.57 × 3 m (15' × 9'10")	Laminate, Gas Fireplace, Combined w/Dining
Dining Room	Main	3.2 × 3 m (10'6" × 9'10")	Laminate, Wainscoting, Combined w/Living
Primary Bedroom	Second	5.66 × 4.27 m (18'7" × 14')	Laminate, 4 Pc Ensuite, Closet
Bedroom 2	Third	3.76 × 2.44 m (12'4" × 8')	Laminate, Large Window
Den	Third	2.7 × 1.57 m (8'10" × 5'2")	Laminate, W/O To Terrace, Skylight
Recreation	Basement	6.1 × 2.74 m (20' × 9')	Laminate, 3 Pc Bath, Closet
Utility Room	Basement	4.11 × 2.74 m (13'6" × 9')	Laundry Sink, W/O To Garage, Vinyl Floor

History of this address

8 earlier listings at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Somewhat walkable

🚆 Port Credit GO2.5 km

Within a 10-minute walk: 1 grocery store, 6 cafés and restaurants, 4 parks, 2 pharmacies. Nearest grocery: Rabba (800 m). Nearest park: The Village Green (350 m).

Schools nearby

Elementary

Queen of Heaven School Catholic
EQAO: Gr 6 reading 97%, math 94%7 min walk
St. Dominic's School Catholic
EQAO: Gr 6 reading 97%, math 77%11 min walk
Janet I. McDougald Public School
EQAO: Gr 3 reading 61%, math 58%12 min walk
Toronto French School - West Campus Private12 min walk

Secondary

Cawthra Park Secondary School
EQAO: Gr 9 math 65%, literacy test 91%3 min walk
St. Paul Secondary School Catholic
EQAO: Gr 9 math 72%, literacy test 89%3 min walk
Allan A Martin Senior Public School14 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area L5E

Owners / renters: 77% / 23%
Median household income: $98,000
Average age: 44
Children under 15: 15%
Homes: 47% detached, 31% high-rise
Commute by transit: 8%
Population: 12,972

Languages spoken most at home besides English: Polish 2.5%, Portuguese 1.8%, Mandarin 1.2%, Russian 0.8%.

Flood and conservation No mapped hazard

Not inside a mapped flood plain or regulated area in Credit Valley Conservation’s mapping.

Screening maps only. Ask the conservation authority for a property inquiry before relying on this.

Safety

Crime Severity Index for Peel Region (Mississauga/Brampton) police: 59 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Development nearby

No planning applications within 500 m in the last five years.

Rezoning, site plan, subdivision and condominium applications filed with the city.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Flood and regulation mapping: Credit Valley Conservation open data. Crime Severity Index: Statistics Canada.

Living here

Commute

To Union Station (downtown Toronto): 17 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Short-term rentals

Only in your principal residence, with a City licence: not allowed in investment properties. Up to 180 nights a year, no more than 30 in a row.

City rules

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by CENTURY 21 ATRIA REALTY INC..

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

Estimated monthly cost

Mortgage: $3,324
Property tax: $367
Maintenance: $648
Total: $4,339

$151,800 down, 25-year amortization at 4.39%.

Cash needed to buy

Down payment: $151,800
Land transfer tax: $11,655
Legal and other costs: ~$2,500
Total: $165,955

First-time buyers can get up to $8,475 of land transfer tax back. All closing costs

Adjust the numbers

Rental potential

$3,100/month

Typical asking rent for 2 bedroom condos like this within 3.5 km (7 for rent now; most $2,950–$3,300).

As a rental, with 20% down

Rent: $3,100
Mortgage: −$3,324
Property tax: −$367
Maintenance fee: −$648
Insurance, repairs, vacancy: −$221
Cash flow: −$1,460/month

Cap rate 2.9% · gross yield 4.9%. Rentals need 20% down. Rough figures before income tax; ask us for a full analysis.

Rent control: Depends on when the unit was first lived in: before Nov. 15, 2018 it’s covered by Ontario’s yearly limit (2.1% in 2026); after, there’s no cap.

See rentals nearby