Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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The Grand Residences at Parkside Village is Amacon’s 45-storey tower at 4070 Confederation Parkway in Mississauga City Centre, completed in 2014 with about 453 suites of roughly 502 to 1,570 square feet. Fees include heat and water. Mississauga condo apartments sold for a median $485,000 in January to October 2026, down 9.3%.
This guide is for buyers, renters and investors looking at The Grand Residences at Parkside Village, the 45-storey Amacon tower at 4070 Confederation Parkway in Mississauga City Centre. You will get the verified building facts, what the fees cover, city-level prices and rents, the rent rules that apply, and what I would check before buying or renting there in 2027.
Where is The Grand Residences at Parkside Village and what is nearby?
The Grand Residences is at 4070 Confederation Parkway, on the west side of Mississauga City Centre. It belongs to Parkside Village, Amacon’s master-planned community. Amacon describes Parkside Village as about 30 acres with roughly 6,000 homes planned once it is fully built.
Everyday places close by include:
- Square One Shopping Centre and the City Centre Transit Terminal.
- Hazel McCallion Central Library at 301 Burnhamthorpe Road West, and the YMCA across the road at 325 Burnhamthorpe Road West.
- Celebration Square, which hosts festivals, concerts, summer farmers’ markets and a winter skating rink.
- Sheridan College’s Hazel McCallion Campus on Duke of York Boulevard.
The neighbouring Amacon towers in Parkside Village have their own guides on my site: PSV and PSV2 and Avia at Parkside Village.
Who built The Grand Residences and when was it finished?
Amacon built it as part of the first phase of Parkside Village. UrbanToronto reported in 2012 that this first block had three towers of 36, 45 and 36 storeys, designed by E.I. Richmond Architects. Amacon’s portfolio lists The Grand Residences as its 45-storey tower, with The Residences and The Park Residences as the 36-storey sisters.
| Fact | The Grand Residences |
|---|---|
| Address | 4070 Confederation Pkwy, Mississauga |
| Builder | Amacon |
| Architect | E.I. Richmond Architects (first phase) |
| Storeys | 45 |
| Completed | 2014 (registered January 2014) |
| Suites | 453 |
| Suite sizes | About 502 to 1,570 sq ft |
Source: Amacon portfolio; UrbanToronto, June 2012; building-data website pages (year, registration, suite count and sizes).
At about 12 years old, this is now a mature building. That brings a track record you can check, which a brand-new tower does not have, but it also means bigger repairs are coming into view.
What suite types and sizes are at The Grand Residences?
A building-data website lists suites from about 502 to 1,570 square feet. That range runs from compact one-bedroom-sized suites to large family-sized units. I could not find the original floor plans from Amacon online, so ask the seller for the floor plan and confirm the size against the condo’s declaration or an MPAC record.
Sizes at the upper end are larger than what many newer City Centre towers offer. If you are moving from a house, or you work from home, that extra space is a real reason to look at a 2014 building instead of a new one.
What amenities does The Grand Residences have?
Amacon describes the tower’s amenities only in general terms. A building-data website lists a gym, a pool, a party room, a media room, a meeting room, guest suites, concierge and security, and visitor parking. Check the current state of each amenity when you visit, and ask whether any are closed for repairs.
Residents also live beside the public spaces of the City Centre, which do a lot of the work that a private amenity floor would. The library, YMCA and Celebration Square are all within a short walk.
How much are maintenance fees at The Grand Residences?
No official source publishes a fee schedule. A building-data website shows that the monthly fee includes heat, water, air conditioning, building insurance, common element maintenance and parking. On listings it tracked, fees ranged from about $616 to $861 a month, depending on suite size.
Fees that include heat, water and cooling look higher than fees in a newer tower, where those utilities are often billed to each suite. Compare total monthly cost, not just the fee line. Before you buy, get the status certificate. The Condo Authority of Ontario says anyone can request one, the fee is capped at $100, and the corporation must provide it within 10 days at that price.
In a building of this age, the reserve fund study matters. Ask your lawyer to check the reserve fund balance, the planned contributions and any major work coming, such as elevators, windows or garage repairs. A low reserve fund can lead to sharp fee increases or a special assessment. My guide to rising condo fees and special assessments explains what to look for.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
What do Mississauga condos sell and rent for in 2027?
REALM does not report prices by building or by City Centre, so these are city-wide Mississauga numbers. They show the market you will be buying or selling in.
| Mississauga condo apartments | Jan–Oct 2025 | Jan–Oct 2026 |
|---|---|---|
| Median sold price | $535,000 | $485,000 |
| Number of sales | 1,275 | 1,213 |
| Average days on market | 37 | 42 |
| Average rent, 1 bedroom (TRREB, Q2 2026) | n/a | $2,189 |
| Average rent, 2 bedrooms (TRREB, Q2 2026) | n/a | $2,713 |
Source: TRREB MLS data via REALM, January–October 2026 vs the same period of 2025; TRREB Rental Market Report, Q2 2026. City of Mississauga, all areas.
The median fell 9.3% in a year, and sales slowed. When you compare, look at price per square foot as well as total price, because a large suite in an older tower can look expensive on price alone. For a closer look at one suite, read how much your Mississauga condo is worth.
How do you get around from Parkside Village?
The City Centre Transit Terminal is the main hub, with 21 MiWay routes and a Brampton Transit Züm route, and GO buses stop at the nearby Square One Bus Terminal. Highway 403 runs along the north edge of City Centre for drivers.
The Hazel McCallion Line will reach a City Centre stop on Rathburn Road through a short spur. Global News reported in April 2026 that Metrolinx was aiming to finish construction of the main route by spring 2028, with testing to follow. There is no confirmed opening date, so plan around buses for now.
What are the pros and cons of The Grand Residences?
Pros
- Larger suites than many new towers, up to about 1,570 square feet.
- Fees include heat, water and air conditioning, which makes monthly costs predictable.
- A walkable City Centre location next to the library, YMCA and Square One.
- For tenants, rent increases are capped by Ontario’s guideline, because the building was first occupied before 16 November 2018.
Cons
- Higher-looking fees than newer towers, which some buyers do not compare correctly.
- Older finishes in suites that have not been updated.
- Major building repairs become more likely as the tower ages.
- More competition nearby: Amacon’s Voya, with about 930 suites, is completing in fall 2026, according to Amacon and Parkside Village.
Who is The Grand Residences best for?
It suits end users who want space and a central address at a lower price per square foot than new construction. It also suits renters who want the protection of the rent increase guideline, which is 1.9% for 2027. For investors, the guideline is a limit on future rent growth, so run your numbers with that in mind.
Does it work as a rental investment in 2027?
Run the numbers before you assume it does. At the Mississauga one-bedroom average of $2,189 a month, a 1.9% guideline increase adds only about $42 a month in 2027. That is my arithmetic, not a forecast. Against that, your costs include the condo fee, property tax and a mortgage that now prices off a 4.70% prime rate. Because heat and water are in the fee, you carry those costs, not the tenant. An investor who needs fast rent growth may do better elsewhere. An investor who values a steady, long-term tenant in a central location may be comfortable here.
I like mature towers like this for buyers who plan to live in the suite. You can read years of real budgets and reserve fund history instead of guessing. In my view, a well-run 2014 building with a healthy reserve fund is often a safer bet than a new tower with no track record. I would walk away only if the status certificate shows a large funding gap.
Buying or renting at The Grand Residences in 2027: what should you know?
- Financing: the Bank of Canada raised its policy rate to 2.50% on 28 October 2026, and big-bank prime is 4.70%. The next decision is 9 December 2026.
- Rent rules: as a building first occupied in 2014, increases are limited to the guideline (1.9% for 2027), once every 12 months, with 90 days’ written notice. See my 2027 rent increase guideline guide.
- Conditions: make any purchase conditional on your lawyer’s review of the status certificate.
- Hydro: hydro is not in the list of included items on a building-data website, so budget for it separately and confirm how it is billed.
What to do next
- Request the status certificate and the latest reserve fund study summary for the unit you like.
- Add up the full monthly cost: fee, property tax, hydro and mortgage or rent.
- Compare the suite with two or three similar units in PSV, Avia and other City Centre towers.
- Visit the amenity floor, garage and hallways, not just the suite.
- Book a call with me if you want help pricing or comparing a suite at Parkside Village.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
Who built The Grand Residences at Parkside Village?
Amacon built The Grand Residences at Parkside Village in Mississauga as part of the first phase of its Parkside Village community. UrbanToronto reported that the first phase was designed by E.I. Richmond Architects, with towers of 36, 45 and 36 storeys. The Grand Residences is the 45-storey tower in that group.
What year was 4070 Confederation Parkway built?
4070 Confederation Parkway, The Grand Residences at Parkside Village, was completed in 2014, and a building-data website shows the condo corporation registered in January 2014. That makes it about 13 years old in 2027, so buyers should review the reserve fund study and any major repairs planned in the next few years.
How many units are in The Grand Residences at Parkside Village?
About 453 suites, according to a building-data website, in a 45-storey tower at 4070 Confederation Parkway in Mississauga. Suites range from about 502 to 1,570 square feet. In 2027, that size range means the building can suit both single buyers and families who want more room than most new City Centre towers offer.
What do maintenance fees include at The Grand Residences?
Fees at The Grand Residences at Parkside Village include heat, water, air conditioning, building insurance, common element maintenance and parking, according to a building-data website. Hydro is not on that list. Fees on listings it tracked ran from about $616 to $861 a month. Confirm the exact fee for any unit in its status certificate before buying in 2027.
Is The Grand Residences at Parkside Village rent controlled?
Yes, the guideline applies. Because the building was first occupied in 2014, before 16 November 2018, rent increases are limited to Ontario’s annual guideline, which is 1.9% for 2027. Landlords can raise rent only once every 12 months and must give at least 90 days’ written notice.
How much does a condo at Parkside Village cost in 2027?
No official source publishes prices for Parkside Village alone. City-wide, Mississauga condo apartments sold for a median $485,000 from January to October 2026, down 9.3% from the year before, per TRREB MLS data via REALM. Value a specific suite at The Grand Residences from recent sales in the same building.
What is the rent for a condo near Square One in Mississauga?
Mississauga condo apartments leased for an average of $2,189 a month for one bedroom and $2,713 for two bedrooms in Q2 2026, according to TRREB. Those are city-wide averages, not figures for Parkside Village alone. Large suites at The Grand Residences may rent above them; check recent leases in the building.
How do I get a status certificate for a unit at 4070 Confederation Parkway?
Request it from the condo corporation’s property manager. The Condo Authority of Ontario says anyone can request a status certificate, the fee is capped at $100 including tax, and the corporation must deliver it within 10 days at that price. Have a real estate lawyer review it before your purchase becomes firm.
Is The Grand Residences close to transit?
Yes. The building is in Mississauga City Centre, close to the City Centre Transit Terminal, which serves 21 MiWay routes and a Brampton Transit Züm route, and GO buses stop at the nearby Square One Bus Terminal. The Hazel McCallion Line LRT spur to City Centre is under construction with no confirmed opening date.
Sources
- Amacon: Portfolio (The Grand Residences, Parkside Village, Voya)
- UrbanToronto: First phase of Parkside Village development nearing completion (June 2012)
- A building-data website: The Grand Residences at Parkside Village, 4070 Confederation Pkwy
- Parkside Village (Amacon): community site
- Mississauga City Centre (Wikipedia, background)
- TRREB Rental Market Report, Q2 2026
- Condo Authority of Ontario: What is a status certificate?
- Global News: Hurontario LRT completion date (April 2026)
Related reading
- Living at Exchange District Condos, Mississauga: 2027 Buyer and Renter Guide
- Living at Pinnacle Uptown, Mississauga: 2027 Buyer and Renter Guide
- Living at The Condominiums at Square One District, Mississauga: 2027 Buyer and Renter Guide
- Living at Daniels City Centre, Mississauga: 2027 Buyer and Renter Guide
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.