70 Mississauga Rd S. Brightwater

OVERVIEW

70 Mississauga Rd S
Brightwater
Lake Ontario Waterfront
Diamondcorp
Port Credit Community
Completion: TBD

Bridge House at Brightwater, Mississauga

Live in a Master-Planned Community where everything you need and more literally steps away! Covering 72 acres of land, this community will offer over 14 acres of public parks, over 300,000 sq ft of Shops, Restaurants, Offices and Services, and an Elementary School

Connected to Lake Ontario, The Waterfront Trail, and over 18 acres of green space and outdoor amenities, the residents of Bridge House at Brightwater Condos are surrounded by nature at its best.

Located in the highly desirable Port Credit neighbourhood, the heart of Mississauga’s entertainment hub for shopping, events, music and dining on the waterfront, where you will have over 400 unique businesses to explore.

Residents will be less than 10 minutes from the QEW connecting you to Highways 427, 401, 407 & 403 making travelling throughout the GTA an absolute breeze.

The area surrounding Bridge House at Brightwater Condos is highly connected to commuting options, helping residents travel seamlessly throughout the city and the GTA. MiWay regional bus routes are accessible within walking distance of home and Port Credit GO station is located just minutes away. Here commuters will be able to access GO Train and Bus routes and also the new Hurontario LRT which will transport them north through Mississauga to Brampton. Downtown Toronto is just 40 minutes away by GO Train.

Live less than 20 Minutes from Humber College – Lakeshore Campus & the University of Toronto Mississauga Campus — when combined are home to over 20,000 students!

FLOOR PLANS

Studio
1 Bedroom
1 Bedroom+Den
2 Bedroom
2 Bedroom+Den
3 Bedroom
3 Bedroom+Den

AMENITIES

Spacious Party Room
Well-equipped Fitness Studio
Co-working Lounge
Entertainment Lounge
Smart Key-less Suite Entry
3 Mixed-use Buildings

PRE-CONSTRUCTION CONDO FREQUENTLY ASKED QUESTIONS

The process to buying pre-construction condos can be quite rushed. When you register with us for a project, we’ll reach out to you to get your specifics, so it’s good to know in advance the type of unit you’re looking for and your budget. If you register ahead of the sales launch and are serious about buying, we will get you to fill out a builder suite request worksheet.

You can see the full Steps to Purchase here.

By submitting a worksheet, you increase your chances of getting your preferred suite. In essence, it is a suite request sheet. It shows the condo developer that there are interested buyers. Agents are then allocated suites based on the worksheets they submit.

Many pre-construction launches are fast-paced and extremely competitive with buildings selling out in 24 hours. In these launches a suite request worksheet submission is necessary to ensure that you actually have a possibility of receiving the suite you’d like (but this is never guaranteed).

You are not guaranteed to receive the suite you request and you are also in no way obligated to buy the suite you’ve been allocated.

Learn more about builder worksheets here.

We are unable to guarantee that the suite you request will be allocated to you and your agent. Many pre-construction sales launches are extremely competitive and fast-paced. To increase your odds of receiving an allocation it is best to be flexible on the type of suite, floor and exposure that you have requested. You are also in no way obligated to purchase the suite you’ve been allocated.

Learn more about builder worksheets here.

Pierre’s expertise in Toronto’s pre-construction condo market has earned him Platinum Broker status among Toronto’s top developers. This means that when you buy or invest with the Pierre Carapetian Group team, you have your pick of the best floor plans and the lowest pricing available.

We represent you, not the builder and we will always guide you towards projects that we believe are a good investment and have great resale value.

Download our Pre-Construction Investment Guide to get better acquainted with the process.

The deposit structure on pre-construction condos will vary from project to project but generally breaks down like this:
$5,000 on signing
balance to 5% in 30 days
5% in 60-90 days
5% in 120-270 days
5% on occupancy

Yes. As we mentioned, the process to buying pre-construction can be quite competitive and rushed. After you’ve signed an Agreement of Purchase and Sale with the builder you are given ten days to look over the contract and ensure everything looks good for you. Keep in mind, the cooling off period is ten consecutive days, not ten business days.

Getting a lawyer, preferably one who is familiar with pre-construction contracts, is never a bad idea. We would encourage our clients to have a real estate lawyer review their Agreement of Purchase and Sale during the Cooling Off period. If you need help finding a lawyer, we can introduce you to our lawyer who handles many of our pre-construction clients.

You won’t need a mortgage pre-approval right away, but it is always best to speak to your mortgage professional so that you fully understand your borrowing power.

You will however need a Mortgage Letter that states upon the building taking occupancy you will be able to afford and carry the property. Typically this is required within the first 30 days of signing. It is always a good idea to get a mortgage pre-approval in the beginning of your real estate journey so that you know how much you can afford.

On closing, which is three to four years after signing, you will need to pay closing costs. As with any property purchase you will have to pay:
• Legal fees (about $1,500-$2,000)
• Municipal & Provincial Land Transfer Tax (this will depend on the price of the property–use our Land Transfer Tax calculator)

In addition to these, pre-construction closing costs also include:
• Development charges (these vary per project depending on the unit type but can range from $5,000-$12,000)
• HST (for investors, which can be rebated back up to $24,000)

Read more on the nuances of Closing Costs here

This will depend on whether you are buying as an end user (planning to live there) or an investor. In Ontario, there are two types of HST Rebates in place for newly built properties.

If you are buying as an end user, typically the Ontario HST rebate is assigned to the builder directly upon closing, allowing the builder to essentially pay the cost of the HST from your purchase.

If you are buying as an investor, you must pay the HST upfront at closing and have your lawyer file for a full HST rebate, refunded 4 to 6 weeks later provided they have a one year lease in place.

You can read more on the HST Rebate here.

A FREE GUIDE TO
INVESTING IN PRECONSTRUCTION
TORONTO CONDOS

Learn how to properly invest in Pre-Construction real estate. With over 500 investment properties, my clients have made millions by making smart real estate decisions. Now, it’s your turn.