- 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
Good81/1003 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall41/100−$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
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
| Room | Size | Features | Level |
|---|---|---|---|
| Kitchen | 2.54 × 4.04 m | Stainless Steel Appl, Tile Floor, Quartz Counter | Main |
| Living | 3.0 × 4.57 m | Laminate, Gas Fireplace, Combined W/Dining | Main |
| Dining | 3.0 × 3.2 m | Laminate, Wainscoting, Combined W/Living | Main |
| Primary | 4.27 × 5.66 m | Laminate, 4 Pc Ensuite, Closet | 2nd |
| 2nd Br | 2.44 × 3.76 m | Laminate, Large Window | 3rd |
| Den | 1.57 × 2.7 m | Laminate, W/O To Terrace, Skylight | 3rd |
| Rec | 2.74 × 6.1 m | Laminate, 3 Pc Bath, Closet | Bsmt |
| Utility | 2.74 × 4.11 m | Laundry Sink, W/O To Garage, Vinyl Floor | Bsmt |
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 Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $725,000 | N/A | For Sale | W14145168 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
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- 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.
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
- New in 7 days
- 1
- Price cuts
- 12%
Middle half: $710K to $889K
3 in 28 days
2 listings
This home is asking 9% below the median.
See all homes in LakeviewAsking 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
| Station | Lines | Distance |
|---|---|---|
| Port Credit GO | GO Transit train: Lakeshore West | 2.6 km |
| Long Branch GO | GO Transit train: Lakeshore West | 2.6 km |
| Dixie GO | GO Transit train: Milton | 3.6 km |
| Cooksville GO | GO Transit train: Milton | 4.3 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
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Queen of Heaven SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 450 m | 96%Grade 6 average |
| Janet I. McDougald Public SchoolPeel DSB | Public · grades JK–5 | 700 m | 58%Grade 3 average |
| St Dominic Separate SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 700 m | 89%Grade 6 average |
| École élémentaire Micheline-Saint-CyrConseil scolaire Viamonde | French-language public · grades JK–6 | 2.7 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Paul Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 150 m | 72%Grade 9 math |
| Cawthra Park Secondary SchoolPeel DSB | Public · grades 9–12 | 150 m | 65%Grade 9 math |
| Port Credit Secondary SchoolPeel DSB | Public · grades 9–12 | 2 km | 70%Grade 9 math |
| T. L. Kennedy Secondary SchoolPeel DSB | Public · grades 9–12 | 4 km | 10%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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Sold prices in Lakeview are shown to signed-in members.