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Brightwater in Mississauga

Property Rating

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Condo
26 storeys
Completion: TBA

Description

Brightwater is an exciting new condominium and townhouse project in a joint development by the Kilmer Group, Dream, Diamondcorp, Fram Building Group, and Slokker. This new project is a master-planned community with a 70 acre site, and will include 500 townhomes and 2,458 condominium units in mid-rise and high-rise buildings.

Brightwater

Brightwater Highlights:

  • Minutes to Port Credit GO stop
  • 18 Acres of Parks & Outdoor Amenities
  • Connected to Lake Ontario and the Waterfront Trail
  • Steps to the Credit River, Port Credit Marina, Library and Arena
  • 300,000 sq.ft of Retail, Restaurants, and Offices
  • Close to QEW
  • Public Transportation option nearby
  • Unbeatable view from the unit
  • new school is coming with room up to 650 students
  • 5.4 hectares of parkland, a YMCA, and a pedestrian-friendly design along with a bike lane

This new big piece of community was inspired by living in Port Credit in Mississauga. Brightwater is the place where offers unbeatable view of the Lake Ontario with park side activity everyday near your home. Walk the trails, shops and dine in, every moment you need is happening in Brightwater community.

TOP 5 reasons to Invest in Brightwater

1.Location

Sitting just west of Toronto, Mississauga is a flourishing city on the shores of Lake Ontario. The city itself is broken up into many different neighbourhoods and incorporated townships, many of which, like Streetsville and Port Credit have their own unique feel and small-town vibe.

A picturesque neighbourhood, Port Credit can be defined by it’s slower pace, beautiful parks, marinas and the idyllic Port Credit Harbour and Credit River. The area’s downtown is considered a heritage conservation district and with unique shops and services, Port Credit is a charming place to set down roots which mixes convenience like shops, boutiques, and exceptional restaurants with a historic atmosphere. Spend the day strolling along the harbour, or through the “Village On The Lake”, admiring it’s heritage buildings and small-town aesthetic so close to the rest of the GTA.

Port Credit Memorial Park is a must-visit for the region, with kayaking and calming duck ponds as well as playgrounds for children. Rattray Marsh Conservation Area, also is a destination for thousands of visitors from all across the GTA, perfect for dog-walking, picnicking and barbecuing. Walk along the boardwalks and take in the nature all around you – just minutes from the hustle and bustle of the city.

2.An ambitious project

Brightwater is looking to completely reinvent 72 acres along the shores of Lake Ontario, turning the space into a vibrant mix of residential space, retail and office space. A master-planned community within the community of Port Credit, this massive undertaking will hold 2,995 dwelling units, from townhomes to condominiums. It’s also set to be a job creator and an attractive space for offices, with a total of over 300,000-square-feet of retail and office space spread across four dedicated buildings for commercial use and 3 mixed-use buildings that will hold both residential space, and retail.

Surrounded by 14 acres of public parks, Brightwater will provide breathtaking views of Lake Ontario, as well as provide countless retreats into nature for residents to relax and spent time recreationally. Six new streets will be build criss-crossing and winding their ways through the community providing ample transportation by car, but also options for cyclists and pedestrians, making the area a tight-knit, sustainable community.

Other amenities proposed at this stage of development have been a waterfront park with a beach and gardens that would connect J.C. Saddington Park and Rhododendron Gardens, and provide a pleasant pathway for pedestrians through the community.

In the south corner of the development, a collection of 5 towers will be clustered together and dubbed The Campus, a space for high-rise residential, retail, and cultural spaces. It will include a community centre built in partnership with the YUMCA, as well as an Elementary School, providing a solid foundation upon-which this community of new-families can rely.

3.Transportation Options

Located just a 15 minute walks from the Port Credit GO Train Station, Brightwater is that perfect community away from it all, yet still connected to the big city with a simple commute. Only a thirty minute ride to Union Station in Toronto makes Port Credit a perfect dormitory community for commuters who work downtown but prefer to live outside of the hustle and bustle.

As Mississauga continues to grow, so to do the transportation needs of the city and surrounding areas. The Hurontario LRT system is hoping to fill these gaps, and is currently in the beginning phases. The line will connect Port Credit to southern Brampton and Mississauga. Connections to these lines, and to countless other destinations within Mississauga are easy thanks to MiWay, the Mississauga Transit company. With more that 90 routes across the city, some of which connect to neighbouring communities like Oakville and Brampton.

Mississauga sits at the crossroads of some of Ontarios largest, most-used highways, and in many ways acts as a nexus for the entire GTA. Highway 401 is one of the world’s widest and busiest freeways, and passes through Mississauga’s north end. This section of the highway connects to the 403,  the QEW, 409, and the 427.”

4.This project is under development by a partnership of 4 groups

The Kilmer Group, is an award-winning infrastructure group. They specialize in master-planned communities like the Canary District in Toronto’s Downtown core. For that project, Kilmer Group was lauded for the way it repurposed athletic dormitories left over from the Pan American Games into condos for residential use. This was considered a smart move for the sustainability of the redevelopment. Kilmer is committed to building environmentally friendly, comprehensive communities.

Dream Asset Management Corporation is one of Canada’s leading real estate companies. Their work includes land and housing across the globe, with commercial property and investments in Canadian renewable energy infrastructure. Having grown a fair bit since first opening in 1994, they are a publicly traded company active throughout the country.  Currently, Dream has projects in various stages in Toronto, Regina, Saskatoon, Calgary, Ottawa and more.

Diamond Corp is a development firm known for it’s sleek, stylish urban architecture. A maverick group in some ways, Diamond Corp was founded on the idea of being independent, making choices and negotiations on their own terms, and being a progressive voice in the real estate development world.

Slokker is a development firm with roots in the Netherlands. Having more recently branched out into the Canadian market with another Port Credit project, the St. Lawrence Stach Factory, Slokker has made a name for itself in the region.

Finally, Fram Building Group has been building condos and commercial projects in the GTA for nearly 25 years. This is the second master-planned development, but Fram has helped to build over 11,000 residence across the Toronto. Fram approaches every project with creative methods and unparalleled customer service.

5.Investment Opportunities

As Mississauga continues to grow, housing in the city is keeping pace. The average selling price of pre-construction condominiums in the city is $379K – a good number for families looking to set down roots, and for homeowners looking to invest. Prices per square foot continue to rise as demand increases, with the average sitting currently at $632.

Demand for condos in the area is high, with developers looking to build up rather than out – and dozens of new projects have been started within the past several years. This kind of design ethic is becoming more and more attractive, especially near the waterfronts of Lake Ontario. Beautiful views are timeless, and for smaller communities nestled along the Golden Horsehoe, properties with patios and suite views of that shimmering lake are in high demand.

The lifestyle of Port Credit makes it a destination in and of itself, and so suites in this new project from the Kilmer Group, Dream, Diamondcorp, Fram Building Group, and Slokker in the heart of Port Credit, at the height of convenience in the community are expected to sell out quickly.

Brightwater has a Walk Score of 60 out of 100. Transit Score of 51 out of 100. This location is in Mississauga. Nearby parks include Ben Machree Park, J.C. Saddington Park and Brueckner Rhododendron Gardens.

Property Features

  • DEVELOPER: Dream, Diamondcorp, Fram + Slokker
  • DEVELOPER(S): Dream, Diamondcorp, FRAM Building Group, Slokker Real Estate Group, Dundee Kilmer Developments Limited
  • UNITS: 3000
  • PARKING: TBA
  • LOCKER: TBA
  • MAINTENANCE FEE: TBA


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