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Brightwater Condos and Towns

Developer Dream, Diamondcorp, FRAM Building Group, Slokker Real Estate Group, and Dundee Kilmer Developments Limited Number of Units 3000
Address 70 Mississauga Road South Occupancy Date TBA
Area Port Credit, Mississauga Maint. Fees TBA
Number of Storeys 27 Priced From TBA

Brightwater Condos and Towns is a new condo and townhouse community development in Mississauga and by Dream, Diamondcorp, FRAM Building Group, Slokker Real Estate Group, and Dundee Kilmer Developments Limited coming to 70 Mississauga Road South, in Mississauga, ON.

Brightwater Condos and Towns Exterior Building True Condos

About Brightwater Condos and Towns

Brightwater Condos and Towns will be a distinct Master-Planned community that offers lakeside tranquility and park side activity, places to gather and spaces to play, enjoy lively events and festivals, or the calm lapping of water against the shoreline, walk the trails and walk the shops, dine in, or dine out, be connected to it all.

Relax on your private patio, live close to the action, or up high with an unbeatable view.

It will be located at 70 Mississauga Road South in the Port Credit neighbourhood.

Brightwater Condos and Towns will be an inspirational mixed-use, multi-phased development with approximately 2,500 residential units (housing 5,000 new residents)  and 200,00 square feet of commercial, retail, and community uses (creating 1,000 new jobs).

Brightwater Condos and Towns Location

Brightwater Condos and Towns will be located at 70 Mississauga Road South in Mississauga, ON.

Brightwater Condos and Towns will be part of a new 3000 home waterfront community in the Port Credit neighbourhood.

70 Mississauga Road South

Somewhat Walkable

Explore Mississauga on Walk Score

Brightwater Condos and Towns Site Features

Brightwater Condos and Towns Parks True Condos

Over 18 Acres of Public Park and Open Space

Brightwater Condos and Towns Lake Ontario True Condos

Connected to Lake Ontario and the Waterfront Trail

Brightwater Condos and Towns Buildings Homes True Condos

2500+ Condos and 400+ Townhouses

Brightwater Condos and Towns Marina True Condos

Steps to the Credit River, Port Credit Marina, Library and Arena

Brightwater Condos and Towns Shopping True Condos

Over 300,000 square feet of Shops, Restaurants, Offices and Services connecting to the vibrant Port Credit core

Brightwater Condos and Towns Go Station True Condos

Minutes to Port Credit GO Station

Brightwater Condos and Towns Community True Condos

Centre for the Community

Brightwater Condos and Towns Schools True Condos

Elementary School

Brightwater Condos and Towns Community Aerial View True Condos
Brightwater Condos and Towns Exterior Building True Condos
Brightwater Condos and Towns Campus Court Boardwalk True Condos
Brightwater Condos and Towns Courtyard True Condos
Brightwater Condos and Towns Plaza Shopping True Condos
Brightwater Condos and Towns Market Entrance True Condos

About the Developer

KILMER VAN NOSTRAND CO. LIMITED
Kilmer Van Nostrand Co. Limited (“Kilmer”) is a privately-held Toronto based investment holding company of Canadian business leader and philanthropist, Larry Tanenbaum O.C. With investments in real estate and infrastructure, sports, entertainment and media, and private equity, Kilmer has a long-term horizon of vision for its investments and brings an entrepreneurial and solutions driven approach to project delivery.

DREAM
Dream Unlimited Corp. (“Dream”) is one of Canada’s leading real estate companies. Founded in 1996 and headquartered in Toronto, Dream is an innovative real estate developer and manager primarily focused on the residential and commercial sectors in Canada, the United States and Germany.

FRAM+SLOKKER
FRAM + Slokker, a Toronto-based developer and builder, is known for its innovation, quality and community building experience. Since 1981, FRAM + Slokker has been developing, building, and project managing in the Greater Toronto Area, Southern Ontario, Alberta and select markets in the United States, and has been at the forefront of developing unique, sustainable, mixed-use neighbourhoods.

DIAMOND CORP.
Diamond Corp. is committed to building on the legacy created by the late A.E. Diamond. The company has a proven track record in planning and real estate development, with an expertise in achieving rezoning approvals for complicated sites.

Kilmer Group Developer Logo
Dream Developer Logo True Condos
Diamondcorp Developer Logo True Condos

Brighwater Condos Frequently Asked Questions

How do I reserve a unit in this project?

After you review the floor plans and prices, if you know what suites you are interested in, you may reserve a suite online using our online reservation worksheet form at https://truecondos.com/worksheet.

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Does filling out the worksheet form mean I’m committing to buy a suite?

No it is not a formal commitment, it is an expression of interest and the first step you must take if you are thinking about getting a unit in this project.

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What does it mean that Andrew la Fleur is a “Platinum Agent”?

Platinum agents are the top selling agents who get preferred status with developers and first access to new projects before regular agents and the public.

Andrew la Fleur has been a top-selling pre-construction agent since 2007, and during this time he has achieved platinum status with many of the top builders and sales companies in the Greater Toronto Area.

For more information on about Platinum agents see this article: https://truecondos.com/5-things-to-know-about-buying-a-condo-with-a-platinum-vip-realtor-real-estate-agent/

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How does it benefit me as a buyer to work with Andrew la Fleur as my Platinum Agent?

Working with me as your Platinum agent gives you several benefits

  1. You get the highest level of access in the building
  2. You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
  3. The best possible incentives
  4. I do not represent the builder. I represent you. You benefit from my expertise of being a top selling pre-construction agent and investor myself since 2007.
  5. Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
  6. My services to you as a buyer are free

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Do I get a cooling off period? What is it for?

Yes, after you sign the contract to purchase a suite you will have a standard 10-day cooling off period. It’s 10 calendar days, not business days from the time you sign.

The 10 days are primarily for 2 things: 1) to have a lawyer review your contract with you if you wish and 2) to get a mortgage pre-approval letter

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Do I need to have a lawyer?

You don’t need to have a lawyer at the moment that you sign the agreement, however I always recommend that you have a qualified lawyer review your agreement of purchase and sale after you sign and during your 10-day cooling off period.

Not sure who to talk to? Don’t worry – getting a lawyer is something I can help you with. Contact me for more details.

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Do I need to have a mortgage pre-approval to buy?

95% of all builders will require you to provide them with proof of financing capability in order to purchase. This is not required before you sign a contract, but it is usually required within 60 days of signing.

Not sure where to begin? Don’t worry – getting a mortgage pre-approval is something that I can help you with. Contact me for more details.

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Do the prices include HST?

If you are purchasing for yourself and plan to move in, then yes, prices include the HST and there is nothing you will have to pay at final closing.

If you are purchasing as an investment rental property, then you will have to pay approximately 7.8% of the purchase price as HST on final closing.

This money is remitted to the CRA and as an investor renting out your property you can apply to the CRA immediately to get this money back. It usually takes about 1 month to get your rebate back.

For more information on the HST, see here:

https://truecondos.com/tag/hst-rebates/

Contact me for more details.

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What are my closing costs on a pre-construction condo?

Closing costs on a pre-construction condo will vary greatly depending on the actual purchase price of the unit you are buying, but it also depends on the builder, the city that you are buying in, and the type of unit that you are buying.

 

Roughly speaking in Toronto you can expect to pay approximately 3-5% of the purchase price in closing costs when purchasing a brand new condo.

 

Check out this article for more info on closing costs:

https://truecondos.com/5-things-to-know-about-closing-costs-when-investing-in-a-pre-construction-condo/

 

Contact me for more details

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Are there any ‘hidden’ costs when buying a pre-construction condo?

No, there are no hidden fees when buying pre-construction condos because all fees must be disclosed in the agreement of purchase and sale. All purchasers have 10 days to review the agreement and have a lawyer advise them on the exact closing cost amounts. If you need a lawyer to help you we can suggest to you to several expert law firms that will review your agreement in detail.

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Is it possible to assign my condo? How much is the assignment fee?

Most condo builders do allow you to sell your unit before the building is complete. This projcess is called selling by “assignment”.

There is usually an assignment fee and a legal fee associated with selling. Costs can range from $1000-7000. Contact me for more details.

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(416) 371-2333

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