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$4M · 2+1 bed Condo Apartment · Unit 602, 55 PORT Street, Mississauga, Ontario L5G 4P3 | HomeSearchCanada

$3,999,999

Unit 602

42 DOM

2+1342d

Map

New Build

DOM 42

↓ $275KWaterfront

$3,999,999

↓ $275K

DOM42days

Unit 602

55 PORT Street · Mississauga · Ontario L5G 4P3

MLS® W13446956 · Port Credit · L5G 4P3

2+13TenantOccupied2750-2999 ft²Condo Apartment2-car UndergroundNo basement42d$1,392/ft²$22,538 tax/yrBuilt 20251 yr oldNo basement

42 days on market

About this home

Welcome to Port 55, a luxurious new boutique 9-storey waterfront condo in Port Credit. This is a completely customized and upgraded 2920 sq ft SW corner suite featuring captivating South West views plus 2 private lake-facing terraces creating an additional 671 sq ft of unobstructed outdoor living space. Open concept living and dining with floor to ceiling windows to capture the waterfront views, 2 bedrooms + west facing den, 3 spa like bathrooms, full size laundry room, 5" herringbone hardwood t…

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Property details

MLS#: W13446956
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2+1
Baths: 3 full, 0 half
Rooms: 10
Kitchens: 1
Size: 2750-2999Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Other
Type: Condo Apartment
Year built: 2025

Occupancy: Tenant Occupied
Washrooms: 4 pc · Main; 2 pc · Main; 5 pc
Family room: Family room
Central vacuum: No
Ensuite laundry: No

Roof: Flat
Foundation: Concrete
Property features: Hospital

Fireplaces: 1
Fireplace features: Electric

View: Downtown, Marina, City, Water, Lake

Waterfront: Yes
Water view: Direct
Water body: Lake Ontario
Shoreline: Mixed
Waterfront features: Marina Services, Dock, Seawall

Condo corp #: 1149
Balcony: Terrace
Locker: Owned
Association amenities: Concierge, Game Room, Party Room/Meeting Room, Visitor Parking
Fees include: Building Insurance Included, Common Elements Included, Heat Included, Parking Included, Water Included
Pets: Yes-with Restrictions

Garage: 2-car Underground
Garage spaces: 2
Parking: 2 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Exterior: Brick
Fronting on: —
Cross street: Lakeshore/Hurontario
Stories: 6
Utilities: —
Laundry: Ensuite, Laundry Room
Interior: Countertop Range, Upgraded Insulation, Bar Fridge, Auto Garage Door Remote, Built-In Oven, Primary Bedroom - Main Floor
Parking features: Other, Inside Entry

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $275KPrice reduction

MLS shows the seller reduced the asking price by $275,001 (from $4,275,000 to $3,999,999).

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: SUTTON GROUP QUANTUM REALTY INC.

Source: TRREB/PROPTX · MLS® W13446956

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$4M

Unit 602 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $3,999,999✓ $22,538 tax✓ Gas✓ 2750-2999 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$31,397/mo

incl. closing costs (yr 1)

Annual total

$376,763

year 1

Mortgage only

$15,175/mo

principal + interest

Beyond mortgage

$8,558/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$800,000

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,878/mo

Utilities

Hydro / electricity$111/mo

≈ $0.07/ft² × ~2,875 ft² · ON avg ~$111/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$40,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$240/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$86,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)48% $182,097/yr

Property taxes29% $109,013/yr

Utilities1% $4,388/yr

Insurance & security0% $1,600/yr

Maintenance11% $40,000/yr

Condo fees9% $34,565/yr

Closing costs1% $5,100/yr

Mortgage is 48% of your true cost of ownership. The other 52% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$182,097	$15,175/mo
Government & taxes
Property tax	$22,538	$1,878/mo
Land transfer tax(closing)	$86,475	$7,206/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$1,328	$111/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$40,000	$3,333/mo
Condo fees
Condo / HOA fees	$34,565	$2,880/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$376,763	$31,397/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 602

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs