Published 29 September 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
One Park Tower is the 38-storey Daniels condominium at 388 Prince of Wales Drive in Mississauga City Centre, designed by Kirkor Architects and completed in 2008, according to UrbanToronto and CTBUH. CTBUH lists it at 142 metres with 405 apartments, making it one of the older high-rises in the corridor. TRREB publishes no building-level prices. Across Mississauga in August 2026, condo apartments sold at a $500,000 median and a $495,052 average, at 97 percent of list price after 45 days. For an 18-year-old tower, buyers weigh the reserve fund study and fee history as heavily as the suite, so price from recent sales of the same layout and have the status certificate ready.
One Park Tower at a glance
| Fact | One Park Tower |
|---|---|
| Address | 388 Prince of Wales Drive, Mississauga |
| Storeys | 38 |
| Height | 142 m |
| Suites | 405 (CTBUH) |
| Completed | 2008 |
| Developer | The Daniels Corporation |
| Architect | Kirkor Architects & Planners |
| Condo corporation number | Not verified; confirm on the status certificate |
Sources: CTBUH Skyscraper Center; UrbanToronto project database; Daniels Gateway.
What kind of building it is
One Park Tower went up in the first wave of downtown Mississauga’s towers. UrbanToronto’s database quotes its marketing: a classically inspired façade, soaring arches and gargoyle accents. In a skyline now dominated by glass, it looks different, and that matters to a certain buyer.
It sits inside Daniels’ City Centre community, which the builder describes as a 23-acre master-planned neighbourhood bordered by Confederation Parkway and Burnhamthorpe Road West, with a three-acre community park. Daniels’ rental arm lists concierge, a party room, media room, fitness centre, indoor pool, billiards room, and a rooftop lounge and garden terrace among the building’s amenities; confirm what is currently operating in the status certificate and rules.
At 142 metres, it is shorter than the towers that followed it, such as 60 Absolute Avenue at 175.6 metres, according to CTBUH.
Where it sits and what is nearby
Daniels places the building within walking distance of Square One, the Cineplex, the Living Arts Centre, Sheridan College’s Hazel McCallion campus and the YMCA. The City Centre Transit Terminal at 200 Rathburn Road West, on the northwest corner of Square One, is Mississauga’s main bus hub, with MiWay, GO Transit and Brampton Transit service.
Metrolinx’s Hazel McCallion Line on Hurontario Street is still under construction. Global News reported in April 2026 that Metrolinx aims to finish construction by spring 2028, not counting the downtown loop. For neighbouring buildings, see my Mississauga City Centre condo buildings guide and the PSV at Parkside Village guide.
What TRREB’s August 2026 numbers say (and why they are not One Park Tower numbers)
| Condo apartments, August 2026 | Mississauga | Peel Region | Brampton | City of Toronto | All TRREB |
|---|---|---|---|---|---|
| Sales | 109 | 130 | 21 | 885 | 1,330 |
| Average price | $495,052 | $485,264 | $434,457 | $651,648 | $617,593 |
| Median price | $500,000 | $481,500 | $425,000 | $550,000 | $530,000 |
| New listings | 357 | 443 | 81 | 2,303 | 3,579 |
| Active listings | 849 | 1,058 | 202 | 4,938 | 7,882 |
| Months of inventory (calculated) | 7.8 | 8.1 | 9.6 | 5.6 | 5.9 |
| Sales to new listings (calculated) | 31% | 29% | 26% | 38% | 37% |
| Sale to list price | 97% | 96% | 94% | 96% | 96% |
| Avg. days on market | 45 | 50 | 71 | 39 | 41 |
Source: TRREB Market Watch, August 2026, condominium apartments. Calculated rows are my arithmetic: active listings divided by sales, and sales divided by new listings. One month of data; Brampton’s 21 sales are a small sample.
TRREB’s monthly Market Watch reports Mississauga as one municipality. It does not publish a City Centre figure, and it never publishes a figure for a single building. So nothing in this table is a price for One Park Tower. It is the backdrop your unit sells against.
Two things stand out. Mississauga’s average ($495,052) sat slightly below its median ($500,000), so luxury sales did not skew the month. And supply was heavy: 849 active listings against 109 sales is about 7.8 months of inventory, against 5.6 in the City of Toronto (my arithmetic). Units that sold went for 97 percent of list price after 45 days.
For an older tower, the heavy supply cuts a particular way. When a buyer can choose between a 2008 suite and a newer one at a similar price, the older building has to win on size, layout, fees or view. Many buyers will pay for a bigger, better-planned suite; very few will pay extra for age.
What moves a unit’s value in a building like One Park Tower
In a building of this age, condition does more of the work. An updated kitchen and bathroom, new flooring and a clean balcony can separate your suite from the same layout two floors down that still has original finishes. Read should I renovate my condo before selling before spending, because not every upgrade pays back.
- Floor and view. Higher floors and open views usually outsell lower floors facing another tower, within limits set by the next building over.
- Exposure. Light matters in a glass tower. See how north, south, east and west exposures compare.
- Layout, not just square footage. A true two-bedroom with a door on each bedroom outsells a one-plus-den with the same area. Wasted hallway space costs you.
- Parking and locker. In a transit-served downtown some buyers skip parking, but many Mississauga buyers still drive. A unit with a space has the bigger buyer pool.
- Maintenance fees. Lenders count half of the monthly condo fee when they test a buyer’s debt ratios under CMHC’s GDS and TDS limits of 39 and 44 percent, so a higher fee can shrink what a buyer qualifies for. More in do high maintenance fees lower my condo value.
- Tenancy. A tenanted unit sells to a smaller pool. See how much less a tenanted condo is worth.
What to check in the status certificate and reserve fund study
Every resale in One Park Tower should be conditional on a lawyer reviewing the status certificate. Under section 76 of the Condominium Act the corporation must deliver it within 10 days of a request, and it can charge up to $100 including tax, according to the Condominium Authority of Ontario. It includes the declaration, by-laws and rules, the budget, the latest financial statements, a statement on the most recent reserve fund study and the state of the reserve fund, insurance, and any special assessment or arrears.
- Reserve fund. The CAO says reserve fund studies alternate between class 2 and class 3 updates at least every three years, and a new condominium needs a comprehensive class 1 study within its first year after registration. Ask whether the latest plan calls for steep fee increases.
- Special assessments. Any levy already approved should be dealt with in the agreement of purchase and sale. See does a special assessment lower my condo value.
- Rules, litigation and insurance. Leasing and pet rules, any lawsuit involving the corporation, and the deductible an owner could be charged back all belong in your lawyer’s review.
At about 18 years old, One Park Tower is in the period when big-ticket items start to show up in the reserve fund plan. Ask your lawyer to check the most recent study and whether the plan relies on fee increases or a special assessment. A healthy reserve fund is a selling point for an older building; put it in your listing if you have it. Suites here were first occupied before 15 November 2018, so a tenancy is subject to Ontario’s rent increase guideline (2.1 percent for 2026).
Selling or buying in One Park Tower: how to price a unit
Start with the last three to six months of sold data for your exact layout and stack in the building, then adjust for floor, view, parking, locker and condition. Then check what is listed right now; with nearly eight months of supply in Mississauga, the listings a buyer tours the same weekend matter as much as last spring’s best sale.
If nothing in your layout has sold recently, use the method in how to price a condo when nothing in your building has sold: similar suites in comparable nearby towers, adjusted one factor at a time. Online automated numbers often miss floor and view, which is why I explain why online condo estimates can be off. For the wider picture, see how much a condo is worth in Mississauga, and for the rest of the corridor, my Mississauga City Centre condo buildings guide, including the Absolute World towers on Hurontario.
Two tools help here: the AI condo value estimator below gives you a range in about a minute, and the net proceeds calculator turns any price into what actually lands in your account.
Where I fit
I work with condo buyers and sellers across Mississauga, Toronto and the GTA, and I price suites from the sales and listings that compete with yours. If you own in One Park Tower or want to buy there, book a call or phone 833-330-1925.
Free tool — AI condo value estimator
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.
Frequently asked questions
How many floors is One Park Tower in Mississauga?
One Park Tower at 388 Prince of Wales Drive has 38 storeys and stands 142 metres tall, according to UrbanToronto and CTBUH. It was completed in 2008 by The Daniels Corporation, with Kirkor Architects & Planners as architect.
Who built One Park Tower?
The Daniels Corporation built One Park Tower as part of its City Centre community, which Daniels describes as a 23-acre master-planned neighbourhood bordered by Confederation Parkway and Burnhamthorpe Road West. Kirkor Architects & Planners designed it.
How many units are in One Park Tower?
CTBUH lists 405 apartments in One Park Tower. The condominium corporation’s records, available through a status certificate, are the final word on the unit count and the number of parking and locker units.
What is a condo at 388 Prince of Wales Drive worth?
TRREB does not publish building-level prices. Mississauga condo apartments sold at a $500,000 median in August 2026. Your suite’s value depends on layout, floor, view, condition, parking and fees, and on what the reserve fund study shows.
Is One Park Tower close to Square One?
Yes. Daniels describes the building as within walking distance of Square One, the Living Arts Centre, Sheridan College’s Hazel McCallion campus and the YMCA. The City Centre Transit Terminal is on the northwest corner of Square One.
What should I check before buying in an older Mississauga condo?
Have your lawyer review the status certificate, including the latest reserve fund study, any special assessment, the budget and fee history, insurance deductibles and any litigation. The Condominium Authority of Ontario says the corporation must provide the certificate within 10 days, for up to $100.
Sources
- CTBUH Skyscraper Center — One Park Tower — 388 Prince of Wales Drive, 38 floors, 405 apartments, completed 2008
- UrbanToronto — One Park Tower project database — Daniels, Kirkor Architects, 38 storeys, complete 2008
- Daniels Gateway — One Park Tower — builder and amenities
- The Daniels Corporation — Mississauga City Centre — 23-acre master-planned neighbourhood
- City of Mississauga — City Centre Transit Terminal — 200 Rathburn Road West, MiWay, GO and Brampton Transit
- Global News — Metrolinx expects 2028 completion for Hazel McCallion LRT (28 April 2026) — target excludes the downtown loop
- Government of Ontario — Rent increase guideline — units first occupied after 15 November 2018 are exempt
- TRREB — Market Watch, August 2026 — condominium apartment tables by region and municipality
- Condominium Authority of Ontario — Status certificates — 10 days, up to $100, Condominium Act s. 76
- Condominium Authority of Ontario — Reserve funds and reserve fund studies — studies at least every three years
- CMHC — Calculating GDS / TDS — 50% of condominium fees counted; 39% / 44% limits
Related reading
- Mississauga City Centre condo buildings guide
- Absolute World condos guide
- PSV at Parkside Village condo guide
- Edge Towers condo guide
- How much is my condo worth in Mississauga?
- Should I renovate my condo before selling?
- How to price a condo when nothing in your building has sold
- How much will I walk away with selling my condo?
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. Every figure here comes from a published table, regulator or statute linked in the sources, so you can check all of it without asking me.
Reach me at connect@jatindua.com or 833-330-1925, or book a call.