Brightwater Towns and Condos 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.
|Developer||Dream/Diamondcorp/FRAM Building Group/Slokker Real Estate Group/Dundee Kilmer|
|Address||70 Mississauga Road South, Mississauga|
|Number of Storeys||3|
|Number of Units||100|
|Occupancy Date||April 2023|
|Maintenance Fees||$0.17 psf/m|
About Brightwater Towns and Condos
Brightwater Towns and Condos will be a distinct Master-Planned community that offers lakeside tranquility and park side activity – places to gather and places to play – lively events and festivals or the calm lapping of water against the shoreline – walking the trails and walking 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.
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 Towns and Condos Location
Brightwater Towns and Condos will be located at 70 Mississauga Road South in Mississauga, ON.
Brightwater Towns and Condos will be part of a new 3000 home waterfront community in the Port Credit neighbourhood. The development on it’s own will fully revitalize the Port Credit waterfront creating a new community of it’s own. Brightwater Condos and Towns will also feature a new community centre, elementary school, and new commercial and retail space.
Located just south of the QEW and the Port Credit GO Station, Brightwater Towns is easily accessible to and from the downtown core. The future of the Port Credit waterfront is bright with Brightwater Condos and Towns.
Nearby Brightwater Towns and Condos
• Port Credit GO
• Shoppers Drug Mart
• Sunset Grill
• The Burger’s Priest; and much more
Brightwater Towns and Condos Site Features
Over 18 Acres of Public Park and Open Space
Connected to Lake Ontario and the Waterfront Trail
2500+ Condos and 400+ Townhouses
Steps to the Credit River, Port Credit Marina, Library and Arena
+300,000 Sq. Ft of Shops, Restaurants, and Offices near the Port Credit core
Minutes away from Port Credit GO Station
A new centre for the Community to gather
A new Elementary School for young families
Brightwater Towns and Condos Finishes
Brightwater Towns and Condos is set to be a massive overhaul of the Port Credit waterfront, introducing 3000 new residential units, a community centre, an elementary school, and a long list of shops, restaurants, and more.
The Brightwater Condos community as a whole will feature a strong emphasis on green space and blending home with the beautiful outdoors.
Brightwater Towns and Condos Developers
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 projects like Brightwater Condos.
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, 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 like Brightwater Condos.
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.
Brighwater Towns and Condos FAQs
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.
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.
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/
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
- You get the highest level of access in the building
- You pay the lowest possible price for the unit (prices are typically increased significantly after the Platinum sales event)
- The best possible incentives
- 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.
- Access to my personal network of mortgage brokers, lawyers, property management, HST rebate services, handymen and much more.
- My services to you as a buyer are free
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
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.
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.
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:
Contact me for more details.
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:
Contact me for more details
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.
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.