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Should you Buy a Condo in Mississauga?

Have you considered buying a condo in Mississauga ? There are many important factors that you need to consider, the main concentration of condos in Mississauga is all around Square One Area. There are over 50 condo buildings concentrated in the downtown Mississauga core, and many more on the way! That is a lot of units to be bought in the small 4 kilometer radius. Downtown Mississauga offers many restaurants, lounges, community centres and shopping in the biggest mall in Ontario is definitely a bonus. The newly build Sheridan Hazel Business School is attracting many young soon to be professionals in to the area. Everything is within walking distance and there is plenty of free parking around. Now lets talk about how much it will cost you to live in this up and coming area, a one bedroom condo in the newer buildings such as Duke of York, Elm and Webb starts around $250,000. The price varies greatly between building to building depending on how old a particular Mississauga Condo building is.

There are certainly some popular buildings in Mississauga Condo Core, 3880 Duke of York and 3888 Duke of York – Ovation 2, Located at the corner of Burnhamthorpe & Duke of York the two building are connected by a 2-story lobby. The building are around 6 – 10 years old, the units vary from 1 bedroom to Pent Houses. Club Ovation offers , swimming pool, whirlpool, 4 lane bowling alley, virtual golf, billiards and party room. 1 Elm and 33 Elm  They are both connected and share underground parking garage and amenities. This is an established community, units vary from a bachelor to 3 bedroom units. This is one of the most affordable condos around Square One. 4080, 4090 Living Arts Dr, Capital Condos are built by Daniel in 2005, the building is located a short walking distance to Square One, Living Arts Center, City Hall, the Central Library, Sheridan College and the YMCA. It offer 14,000 sq ft recreational centre with amenities. 385 Prince of Wales – The Chicago is another addition from Daniels to Mississauga Condo  skyline. The building was complete in 2011, it is one of the newest condo buildings around Square One. The building offers amazing 17,000 square feet of amenities on the 8th floor including Gym, with Cardio and Weight Equipment, 30 Foot Climbing Wall, Virtual Golf Room, Indoor Pool, Great Meeting Rooms, Indoor/Outdoor Lounge for entertaining.


Overall Mississauga Condos are a great place to live whether you are a first time buyer or a young couple this hip and trendy area certainly has something to offer for everyone.

How To Prepare Your Condo For Sale

Every seller wants their condo to sell fast and bring top dollar. Does that sound good to you? Well, it’s not luck that makes that happen. It’s careful planning and knowing how to professionally spruce up your condo that will send condo buyers scurrying for their checkbooks. Here is how to prep a condo and turn it into an irresistible and marketable home.
Here’s How:

1.Disassociate Yourself With Your Condo.

•Say to yourself, “This is not my home; it is a condo– a product to be sold much like a box of cereal on the grocery store shelf.
•Make the mental decision to “let go” of your emotions and focus on the fact that soon this condo will no longer be yours.
•Picture yourself handing over the keys and envelopes containing appliance warranties to the new owners!
•Say goodbye to every room.
•Don’t look backwards — look toward the future.

2 .De-Personalize.

Pack up those personal photographs and family heirlooms.


People collect an amazing quantity of junk. Consider this: if you haven’t used it in over a year, you probably don’t need it.
• Remove all books from bookcases.
• Pack up those knickknacks.
• Clean off everything on kitchen counters.

4.Rearrange Bedroom Closets and Kitchen Cabinets.

Buyers love to snoop and will open closet and cabinet doors. Think of the message it sends if items fall out! Now imagine what a buyer believes about you if she sees everything organized. It says you probably take good care of the rest of the condo as well.

5.Remove/Replace Favorite Items.

If you want to take window coverings, built-in appliances or fixtures with you, remove them now.

6.Make Minor Repairs.

•Replace cracked floor or counter tiles.
• Patch holes in walls.
•Fix leaky faucets.
•Fix doors that don’t close properly and kitchen drawers that jam.
•Consider painting your walls neutral colors, especially if you have grown accustomed to purple or pink walls.
(Don’t give buyers any reason to remember your condo as “the condo with the orange bathroom.”)
•Replace burned-out light bulbs.

7.Make the Condo Sparkle!

•Wash windows inside and out.

A professional Real Estate Agent can guide you through this process

Is Buying Mississauga Condo a Great Investment Opportunity?

If you ever wanted to invest in a Real Estate market you have probably wondered whether buying a Mississauga Condo would be a great investment opportunity. Lets look at condo investments, the first idea that comes in mind is buying a condo and renting it out or selling it in the future. There are some factors that need to considered, buying the cheapest/smallest unit during pre construction is not the greatest bargain as you might think at the time. You have to think about your future target buyer. Who wants a tiny condo where the couch is practically in the kitchen and a queen bed can not fit in the master bedroom? You would probably not want to live in a unit like this therefore the majority of people out there will not think of it as a great place to live either. The more unique and large your condo unit is, the more buyers/renters you are going to attract. Also think about your competition, yes all those people that bought for low price during pre construction of the condo are planning to rent out their units, and are most likely going to do it all at the same time. This will result in many empty units in the condo waiting to be rented out which will drive prices down, there goes that nice profit that you had originally expected. Another advice is to buy as big a condo as you can afford. This is for two main reasons, so as not to be one of 100 one bedroom units for sale in a building. Another reason is many older couples will be leaving their larger homes and they are not going to want to live in a 550-square-foot one-bedroom condo. Condo buyers who rent out their unit and are not making 10 per cent or more might be better off with other forms of real estate investments.

In conclusion if you are buying a Misissauga condo for resale potential try to purchase a larger condo with a unique layout and a great view this will definitely raise the demand for your property. If you are planning on renting, you will want to pick an area where vacancy rates are low (due to demand) and choose a condo that people will want to rent. The lease profit should be more then 10% in case of maintenance rates increasing and you do not want to be stuck with a negative cash inflow. All in all some research should be done before hand, let your Real Estate Agent help you with it!

Tips for Buying a Condo in Mississauga

Before You Start Looking Around

1. Hire a professional agent, you want to find an agent that will work for you and with you. What differentiates a good agent from an OK agent is how much they are committed to finding you a property; you want an agent who will work with you and understands your needs. It is a good idea to find one agent and work with him or her, it is never a good idea to work with different agents.

2. Get financial pre qualification, visit your preferred mortgage broker and get pre-qualified it will save you time and money. You want to figure out what your comfortable monthly payments will be and stick within your budget. Also keep in mind when you purchase a Mississauga Condo there will be a maintenance fee that you have to account into your monthly payment.


1. Be open minded to newer as well as older Mississauga Condos, some benefits that you will find in older condos such as Webb, Kaneff, Hillcrest and Tucana is the size, these building offer spacious layouts that you do not find in new buildings anymore.

2. Think about resale value of your Mississauga Condo most people live in condos as a transition period before they purchase a home. Eventually you might want to sell your unit remember a one plus den is more desirable over a 1 bedroom apartment. Avoid suited beside the garbage dispenser or elevators

3. Amenities are important factor when looking for a condo in Mississauga, find out how much it will cost to rent out a party room, ask how many visitor parking spaces a building has and what are some restrictions (pets). Talk to some residents and ask about their experience in the building., find out what the ratio of tenant to owner is.

Making the Offer

1. Know the comparable sales of the building, the advantage of buying a Mississauga Condo as oppose to a house is the fact that apartments below and above are usually exactly identical, if the unit that you like ends in “05” find out recently sold stats for all “05” units in the same building. Your agent will provide this information for you.

2. When you make the offer make is conditional upon lawyer approval, financial approval and status certificate.

Enjoy Your Mississauga Condo!

Elena’s Monthly Newsletter – October

It’s that time again for yet another edition of my Monthly Newsletter, have a look!

In this Issue:

  • Strong August Home Sales in the GTA
  • Six ways to make sure you buy the right house
  • Check out my NEW Blog – Covering GTA West
  • Feature NEW Developments: One Sherway and Park Residences – Parkside Village
  • Top 10 Interior Design Tips to Make A Small Room Seem Bigger
  • Recipe: Avocado + Egg + Smoked Salmon Sandwiches
  • Housing Market Indicators 2010 VS 2011
  • October Events: International Home Show, The Interior Decorating Show , Toronto Chocolate Festival
  • Video: Market Watch August 2011: Jason Mercer and Home Ownership Matters
  • New MLS Search Feature Now Available

Click on the image below to view it


October 2011 Newsletter

Mississauga City Center Condos For Sale

Project Pinnacle Grand Park
• Price Range $224,900.00 – $465,900.00
• Size Range (Sq. Ft. 545 – 1123
• First Occupancy Date December 1, 2012
• Builder Pinnacle International
• Submarket Mississauga City Centre

Project Limelight – North Tower
• Price Range $215,900.00 – $406,900.00
• Size Range(Sq. Ft.)439 – 874
• First Occupancy Date October 1, 2012
• Builder Daniels Corporation
• Submarket Mississauga City Centre

Project Limelight – South Tower
• Price Range $201,900.00 – $434,900.00
• Size Range(Sq. Ft.)439 – 961
• First Occupancy Date July 1, 2012
• Builder Daniels Corporation
• Submarket Mississauga City Centre

Project Residences – Parkside Village – Phase 1
Price Range $215,100.00 – $449,900.00
• Size Range(Sq. Ft.)535 – 1005
• First Occupancy Date September 1, 2012
• BuilderAmacon Developments
• Submarket Mississauga City Centre

Project Park Residences – Parkside Village – Phase 3
• Price Range $238,900.00 – $587,900.00
• Size Range(Sq. Ft.)525 – 1145
• First Occupancy Date December 1, 2013
• Builder Amacon Developments
• Submarket Mississauga City Centre

Project Park Residences – Parkside Village – Phase 2
• Price Range $244,900.00 – $405,900.00
• Size Range(Sq. Ft.)585 – 1011
• First Occupancy Date DateApril 1, 2012
• Builder Amacon Developments
• Submarket Mississauga City Centre

Project ONYX
• Price Range $268,100.00 – $406,100.00
• Size Range(Sq. Ft.)532 – 1032
• First Occupancy Date June 1, 2010
• Builder Davies Smith Developments Inc.
• Submarket Mississauga City Centre

Project Elle
• Price Range $194,900.00 – $479,900.00
• Size Range(Sq. Ft.)610 – 1190
• First Occupancy Date April 1, 2010
• Builder Amacon Developments
• Submarket Mississauga City Centre

Project Chicago
• Price Range $263,900.00 – $425,200.00
• Size Range(Sq. Ft.)551 – 1022
• First Occupancy Date June 1, 2010
• Builder Daniels Corporation
• Submarket Mississauga City Centre

Project Absolute World – Tower 5
• Price Range $415,500.00 – $428,900.00
• Size Range(Sq. Ft.)997 – 997
• First Occupancy Date February 1, 2011
• Builder Fernbrook Homes and Cityzen Urban Lifestyle
• Submarket Mississauga City Centre

Call 647-388-5950 Today to find out more information or email!