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251 Masonry Way 2, Mississauga, ON L5H 0B3

3+1 beds · 4 baths · 1 kitchen · 7 rooms · 1 parking space · 2250-2499 sq ft · Condo Apartment
$1,499,000

Also includedCommon Elements · Building Insurance

Maintenance fee
$955 / month
Property tax
$3,903 / year
Included in the fee
Common Elements, Building Insurance

Experience modern luxury in Port Credit's prestigious Brightwater community! Unit 2 at The Mason Towns is a stunning 4-storey, 3-bedroom + den, 3.5-bath residence offering 2,263 sq ft of sophisticated living space plus 620 sf of outdoor space! This home is defined by sleek contemporary finishes and vinyl flooring throughout. The gourmet kitchen is a true centrepiece, featuring a large waterfall island with integrated shelving, premium quartz countertops, a matching backsplash, and high-end integrated appliances. Plus, large floor to ceiling windows flood the home with natural light. Unrivaled outdoor living awaits with 4 private spaces, including a ground-floor patio w/gas connection and a spectacular 4th-floor rooftop terrace-your perfect summer oasis! Bonus, you get the best of both worlds! The Mason Towns have access to The Mason Condo building amenities which include: concierge, Co-working lounge, gym, outdoor courtyard with seating, bike & pet wash & bike storage. Brightwater is a vibrant master-planned waterfront community featuring 18 acres of greenspace, scenic trails, and over 300,00 sq ft of retail and dining at your doorstep. Plus private shuttle to Port Credit GO station! Just steps from the lake, parks, trails, Farm Boy, LCBO, restaurants, and everyday conveniences. Discover the ultimate blend of urban style and lakeside serenity. Photos have been virtually staged.

MLS number
W13522676
Type
Condo Apartment
Status
Active
Bedrooms
4
Bathrooms
4
Postal code
L5H 0B3
Photos
16
Included in the fee
Common Elements, Building Insurance
70days · this listing
70days · this property

This property has not been relisted in the last two years, so both counts are the same. Where they differ, the second adds up earlier listings at this address that ended without a sale.

Listing history

No previous listings found for this address.

Where this home is

Where this address sits, matched against open government data.

Estimated from the house-number range along this road: the right block of the right street, not the exact building. No address file publishes this house.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Riverside Public School
Peel DSB
Elementary565 m5.1 / 10
51% met the standard
Kenollie Public School
Peel DSB
Elementary1.4 km8.9 / 10
89% met the standard
St Luke Catholic Elementary School
Dufferin-Peel CDSB
Elementary1.2 km7.5 / 10
75% met the standard
Forest Avenue Public School
Peel DSB
Elementary1.6 km7.3 / 10
73% met the standard
Port Credit Secondary School
Peel DSB
Secondary2.0 km8.1 / 10
81% met the standard · 2 of 6 measures
Mineola Public School
Peel DSB
Elementary2.1 km8.3 / 10
83% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

The market around this home

Condo Apartments in Mississauga2,675 sales over the last five years. Too few sold in this community to chart it on its own, so this is the whole city.

Median sold priceWhat comparable homes actually sold for
$467k$993k$1.52M20252026this home’s asking price
$488klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
96%98%100%20252026the asking price
97%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d16d32d20252026
32dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo apartments in mississauga. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 419 people.

$66,500Median household income
25%Own their home
19.6%Detached houses
55.6Median age
21.7%Born outside Canada
32.9%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35210384 — the few blocks around this address, home to 419 people. It describes the area, not this property.

419Population
51Average age
1.7Household size
$108,000Average household income
$66,500Median household income
25%Own their home
75%Rent
4%Condominiums
22%Born outside Canada
33%University degree
$1,480,000Average home value
12%Low income
58%Not in the labour force
27%Never married
Under $5,0001%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9991%
$20,000 to $24,9993%
$25,000 to $29,9993%
$30,000 to $34,9994%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9997%
$60,000 to $69,9997%
$70,000 to $79,9996%
$80,000 to $89,9991%
$90,000 to $99,9991%
$100,000 and over25%
$100,000 to $124,99910%
$125,000 to $149,9991%
$150,000 to $199,9994%
$200,000 and over7%

Percentages are of the 335 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$299,800 · minimum here is $124,900
$6,637.25per month
Borrowed before insurance$1,199,200
Total borrowed$1,199,200
Interest over 25 years at 4.5%$791,974

If you rented it out

Monthly rent starts from the median of recent 4-bedroom leases in Mississauga. Change it to anything you like.

-$4,417.50per month out of pocket
Rent$3,500.00
Everything it costs to hold$7,917.50
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by BAKER REAL ESTATE INCORPORATED. Listing data provided by the Toronto Regional Real Estate Board.