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    1150 Parkwest Place

    0for Sale
    0for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    12
    Number of Units:
    123
    Condo Completion:
    2001
    Condo Demand:
    Medium
    Unit Size Range:
    518 - 1,240 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for Village Terrace Condos

    Receive listing updates for Lakeview

    Amenities

    Party Room
    BBQs Allowed
    Visitor Parking
    Indoor Parking
    Concierge
    Gym Room

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Water
    Excluded
    Hydro

    About 1150 Parkwest PlaceVillage Terrace Condos

    Prospective buyers and renters who value square footage and access to nature would be wise to keep an eye on 1150 Parkwest Pl. Built in 2001, Village Terrace Condos rises to 12 storeys in the Lakeview neighbourhood, a quiet Mississauga community. This building is only minutes from the lake, a community centre, shopping and dining, and a nearby on-ramp for the QEW.

    1150 Parkwest Pl has plenty of appeal for first-time home buyers, downsizers, and families; the building is located directly across from the Village Green Park, which has quaint walking paths and a children’s playground. The condo offers modest amenities such as a gym, saunas, a games room, and parking and a concierge service.

    Condo fees are a touch high for the neighbourhood but are below average by GTA standards. This property is the first in a multiple building development that includes Village Terraces II Condos, so buyers who cannot find a unit in phase one might be able to find one next door.

    The Suites

    1150 Parkwest Pl contains just 123 Mississauga condos, all of which are spacious, and bright with natural light thanks to large window blocks and sliding balcony doors; the majority of suites feature two private terraces. These homes range in size from 627 square feet to 1240 square feet, and floor plans are available from 1 to 3 bedrooms, with select plus den units as well.

    Prospective buyers can expect to encounter hardwood flooring, and modern kitchens with breakfast bars. The shape of the building leads to interesting floor plans, many with bay windows, or irregularly shaped living rooms and kitchens. Bathrooms provide a generous amount of space and come equipped with relaxing soaker tubs.

    In keeping with the theme — bedrooms provide ample space for all furniture, and the deep walk-in closets are perfect for avid shoppers.

    The Neighbourhood

    Lakeview is a desirable family neighbourhood with commuter ease and an abundance of nature and recreation options. The area is home to the Toronto Golf Club along its eastern boundary, and Lakefront Promenade Park is to the south, offering lakeside walking paths, multiple sailing clubs, volleyball courts, and more.

    Families will find great schools throughout the area, and athletic facilities at Carmen Corbasson Community Centre are just 10 minutes away on foot. Lake Shore Blvd plays host to unique restaurants like Sushi Maki House, Skewers Grill, and The Golden Pheasant, and also well known fast food chains. And for weekends, there’s Stonehooker Brewing Co.

    Shopping trips are easy at the Dixie Outlet Mall, just a 5 minute drive from the building. Additional shops and big box stores are centered around Lake Shore Blvd.

    Transportation

    Residents of Village Terrace Condos have an excellent locale for a scenic walk, but it’s not ideal for running errands on foot. Unfortunately, public transit isn’t particularly efficient either; residents can catch the bus at Cawthra Rd and Atwater Ave but there aren’t any transit stations in the neighbourhood.

    Car owners can get to downtown Toronto in a hurry by going north on Cawthra Rd for the QEW.

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    Explore Neighbourhood

    6/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    4/10
    Transit
    Transit's playing hard to get, but you might catch it with some charm.
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar condos

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    21,014
    Average Individual Income
    $59,079
    Average Household Size
    2 persons
    Average Age
    41
    Average Household Income
    $108,994
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    16%
    15 - 19
    1%
    20 - 34
    25%
    35 - 49
    20%
    50 - 64
    21%
    65+
    15%
    Household Income
    $0 - $30,000
    44%
    $30,000+
    29%
    $60,000+
    16%
    $90,000+
    6%
    $125,000+
    2%
    Housing Types & Tenancy
    Detached
    42%
    Semi Detached
    28%
    High Rise Apartment
    13%
    Low Rise Apartment
    8%
    Duplex
    6%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    77%
    Other
    9%
    Punjabi
    7%
    Spanish
    2%
    Mandarin
    2%
    Tagalog
    1%
    Hindi
    1%
    Urdu
    1%
    Education
    High School
    31%
    University and Above
    24%
    College
    21%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    20%
    Health & Related Fields
    12%
    Social Sciences
    11%
    Math & Computer Sciences
    7%
    Humanities
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    2%

    Maintenance Fees

    Village Terrace Condos vs The Lakeview Area

    Days on Strata

    Units at Village Terrace Condos spend an average of
    26
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Lakeview

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    -2%
    Decrease in property value within the past twelve months

    Price Ranking

    3rd
    Highest price per SQFT out of 22 condos in the Lakeview area

    Sold Units

    5
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    Village Terrace Condos offers the
    ?
    best value out of 22 condos in the Lakeview neighbourhood

    Appreciation Rank

    Village Terrace Condos has the
    ?
    highest ROI out of 22 condos in the Lakeview neighbourhood

    Rental Yield

    Village Terrace Condos yields the
    ?
    highest rent prices out of 22 condos in the Lakeview neighbourhood

    High Demand

    Village Terrace Condos is the
    ?
    most popular building out of 22 condos in the Lakeview neighbourhood

    Transaction Insights at 1150 Parkwest Place

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$470,000 - $588,000$499,000$600,000 - $637,000No DataNo Data
    Avg. Cost Per Sqft$883$783$697No DataNo Data
    Avg. Wait for Unit Availability441 Days110 Days122 Days743 DaysNo Data
    Ratio of Units in Building6%46%43%5%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Lakeview