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Caledon, King, Toronto, New Tecumseth & Orangeville(437) 228-3434
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MLS® W14145168For SaleCondo Townhouse

5-1241 Parkwest Pl

Lakeview, Mississauga, Ontario L5E 3J3

Map
1 / 44
5-1241 Parkwest Pl, Mississauga, photo 1
Asking$725,000
Bedrooms
2+1
Bathrooms
3
Size
1,600–1,799sq ft
Per sq ft
$427at the range’s middle
Tax a year
$4,1872026 tax year
Parking
22 underground
Days on market
Members

The brief

About 5-1241 Parkwest Pl

5-1241 Parkwest Pl is a 2+1-bedroom, 3-bathroom condo townhouse in Lakeview, Mississauga, listed for sale at an asking price of $725,000 (MLS® W14145168).

Welcome to a different kind of condo living in the heart of Lakeview. Offering approximately 2,400 sq. ft. of total living space across four finished levels, this exceptionally spacious townhome delivers the room and functionality of a house with the convenience of condo ownership. Tucked into a quiet residential community, Unit 5 features an updated kitchen,open-concept living and dining areas, a gas fireplace, elegant wainscoting and a private,fenced south-facing patio-an ideal extension of the main living space.Upstairs, the oversized primary suite was created by combining two bedrooms, providing exceptional space, an ensuite bath and generous his-and-hers closets. The layout can also beconverted back for buyers requiring an additional bedroom. Continue to the top floor and thehome gets even more interesting, with soaring vaulted ceilings, a skylight, an additional bedroom and a versatile den opening directly onto a private rooftop terrace.The finished lower level adds another layer of functionality with a 3-piece bathroom, largewalk-in storage room, separate entrance and direct interior access to TWO underground parking spaces-a rare and incredibly convenient feature.And then there's the location. Set in sought-after Lakeview, you're minutes from the shops,restaurants and waterfront lifestyle of Port Credit, while Lakefront Promenade, neighbourhood parks, trails and the newly renovated Carmen Corbasson Community Centre are all close by.Commuters have convenient access to GO Transit, MiWay service at Cawthra & Atwater, the QEW and Lakeshore Road, making travel into Toronto or throughout Mississauga easy.With approximately 2,400 sq. ft. of total living space, multiple outdoor areas, two underground parking spaces and a flexible multi-level layout, this is an outstanding alternative to both atraditional condo and a much more expensive freehold townhouse. More space. More versatility.And a Lakeview location that continues to get better.

Insights

  • Condition Score

    Good

    3 documented update signals

    Source: Listing age, structured features and disclosed update language; not an inspection.

  • Cashflow Quality

    Shortfall

    −$805/mo against the cost of owning (20% down, 4.8%, 25 yrs)

    Source: Median of 5 homes with 3 bedrooms for lease in Lakeview right now. Cost of owning counts the mortgage, property tax and the condo fee.

Condition uses listing-record signals, not an inspection.

The home

Key facts

Tax
$4,187 / 2026
MLS® number
W14145168
Board
TRREB MLS®
Property Type
Condo Townhouse
Days on market
Size
1600-1799 sqft
Listed on
Parking
2 Underground, 2 Parking
Listing brokerage: CENTURY 21 ATRIA REALTY INC.Data source: TRREB MLS®Information deemed reliable but not guaranteed. Contained information is subject to errors, omissions, and changes without notice. Information should be independently verified.

Property details

Property

Property Type
Condo Townhouse
Style
3-Storey
Community
Lakeview
Municipality
Mississauga

Building

Size
1600-1799 sqft
Construction
Brick

Inside

Bedrooms
2+1
Bathrooms
3
Bathroom Details
1 × 3pc Bsmt, 2 × 4pc 2nd
Basement Type
Finished
Kitchens
1

Parking

Garage Type
Underground
Garage
2
Additional Parking
0
Total Parking
2

Utilities

Cooling
Central Air
Heating Type
Forced Air

Additional

Fireplace
Yes
Den
No
Family room
No
Extras
Existing: S/S fridge, S/S stove, S/S B/I dishwasher, washer, dryer, gas fireplace, windowblinds and rods
Condo maint.
$648

Rooms

RoomSizeFeaturesLevel
Kitchen2.54 × 4.04 mStainless Steel Appl, Tile Floor, Quartz CounterMain
Living3.0 × 4.57 mLaminate, Gas Fireplace, Combined W/DiningMain
Dining3.0 × 3.2 mLaminate, Wainscoting, Combined W/LivingMain
Primary4.27 × 5.66 mLaminate, 4 Pc Ensuite, Closet2nd
2nd Br2.44 × 3.76 mLaminate, Large Window3rd
Den1.57 × 2.7 mLaminate, W/O To Terrace, Skylight3rd
Rec2.74 × 6.1 mLaminate, 3 Pc Bath, ClosetBsmt
Utility2.74 × 4.11 mLaundry Sink, W/O To Garage, Vinyl FloorBsmt

Listing history

Buy/sell history for 5-1241 Parkwest Pl, Mississauga, Ontario

Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.

Date StartDate EndList PricePriceEventListing ID
Date StartN/AN/A$725,000N/AFor SaleW14145168

Members see the full history. Prices are hidden from signed-out visitors.

The numbers

Mortgage Calculator

Plan with the current asking price

20% · $145,000

CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.

Mortgage Details

4.8% · 5-year term · 25-year amortization · 20% down

Total down payment
$145,000
Total mortgage amount
$580,000
Total interest payment
$412,400
Total purchase cost
$1,137,400
Mortgage payment
$3,308/mo

Cash Flow Analysis

If you rented this home out at 20% down

Break-even down payment

39%

Monthly carrying cost

$4,305
−$805per month
  • Rent $3,500
  • Shortfall $805

Rental income opens at $3,500, the median asking rent of 5 comparable homes for lease in Lakeview. Type over it with the rent you expect. This is a planning tool, not advice.

Land transfer tax on this home

Ontario land transfer tax
$10,975
Total land transfer tax
$10,975
First-time buyer rebates (Ontario up to $4,000)
−$4,000
Total for first-time buyers
$6,975
See how this is worked out
0.5% on the first $55,000
$275
1.0% from $55,000 to $250,000
$1,950
1.5% from $250,000 to $400,000
$2,250
2.0% from $400,000 to $725,000
$6,500
Ontario total
$10,975

An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.

Estimate

Estimated value requires sign in

Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.

The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.

Comparable sales

Comparable sales require sign in

Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.

The land

Land and environment

Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.

15 records · 8 on fileRead 2026-11-04
250 m500 m1 km2 kmBeyond · area-wideNot in Credit Valley Conservation’s mapped regulated areaNo mapped wetland within 120 mNo water-supply well recorded within 250 mGroundwater recorded about 10.7 m below ground nearbyOutside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasNearest airport: 9.8 kmNearest rail line: 370 mA trail on the Ontario trail network within 1 kmNo licensed pit or quarry within 2 kmNo recorded oil, gas or salt well within 250 m1 facility within 1 km reports pollutant releases to Environment CanadaNo federal contaminated site within 1 kmElectricity is distributed here by Alectra Utilities CorporationWired internet 50/10 Mbps or faster is listed at a household 30 m awayAcross the surrounding area: fibre to the home, cable, DSL internet listed
On record Checked, none on record

Water and conservation4

  • Not in Credit Valley Conservation’s mapped regulated areaAt the address
  • No mapped wetland within 120 m120 m
  • No water-supply well recorded within 250 m10 test or monitoring holes also recorded.250 m
  • Groundwater recorded about 10.7 m below ground nearbyThe middle water level in the well records within 500 m (16 records). It changes with the season and from spot to spot.500 m

Credit Valley Conservation · Province of Ontario open data

Planning and building activity2

  • Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
  • Nearest airport: 9.8 km9.8 km

Province of Ontario open data

Around the home2

  • Nearest rail line: 370 m370 m
  • A trail on the Ontario trail network within 1 km1 km

Province of Ontario open data

Environmental records4

  • No licensed pit or quarry within 2 km2 km
  • No recorded oil, gas or salt well within 250 m250 m
  • 1 facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Chantler Packages Inc. — Chantler Packages Mississauga, 850 m away. Facilities report to the National Pollutant Release Inventory above set thresholds; reporting a release is not a finding of harm.1 km
  • No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km

Province of Ontario open data · Government of Canada open data

Power and internet3

  • Electricity is distributed here by Alectra Utilities CorporationAt the address
  • Wired internet 50/10 Mbps or faster is listed at a household 30 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (30 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.30 m
  • Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell, CIK Telecom. Cable: Rogers. DSL: Bell. Fixed wireless: Rogers, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide

Ontario Energy Board · Innovation, Science and Economic Development Canada

Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Credit Valley Conservationor the record’s publisher.

Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under Credit Valley Conservation Open Data Licence v1.0.

The market

Condos for sale in Lakeview right now

For sale now
17
Median asking price
$800K

Middle half: $710K to $889K

New in 7 days
1

3 in 28 days

Price cuts
12%

2 listings

This home is asking 9% below the median.

See all homes in Lakeview

Asking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.

Market area · filters apply to the charts below

The street

Map and tour

Transit nearby

StationLinesDistance
Port Credit GOGO Transit train: Lakeshore West2.6 km
Long Branch GOGO Transit train: Lakeshore West2.6 km
Dixie GOGO Transit train: Milton3.6 km
Cooksville GOGO Transit train: Milton4.3 km

The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx.

Schools nearby

ElementaryTypeDistanceEQAO average 2024–25
Queen of Heaven SchoolDufferin-Peel CDSBCatholic · grades JK–8450 m96%Grade 6 average
Janet I. McDougald Public SchoolPeel DSBPublic · grades JK–5700 m58%Grade 3 average
St Dominic Separate SchoolDufferin-Peel CDSBCatholic · grades JK–8700 m89%Grade 6 average
École élémentaire Micheline-Saint-CyrConseil scolaire ViamondeFrench-language public · grades JK–62.7 km76%Grade 6 average
SecondaryTypeDistanceGrade 9 math 2024–25
St Paul Secondary SchoolDufferin-Peel CDSBCatholic · grades 9–12150 m72%Grade 9 math
Cawthra Park Secondary SchoolPeel DSBPublic · grades 9–12150 m65%Grade 9 math
Port Credit Secondary SchoolPeel DSBPublic · grades 9–122 km70%Grade 9 math
T. L. Kennedy Secondary SchoolPeel DSBPublic · grades 9–124 km10%Grade 9 math

EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.

The verdict

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