GUIDE TO CONDOS FOR SALE IN MISSISSAUGA
Mississauga is a major Canadian city located right outside Toronto. Just on the edge of Lake Ontario, Mississauga has great shopping malls, shops, a waterfront boardwalk, and the Toronto Pearson International Airport.
Bordered by Milton and Oakville to the west, Toronto directly to the east, and Brampton to the north, Mississauga is a diverse and highly sought out city with a lot to offer. In the centre of town, Mississauga Celebration Square holds festivals, community events, and even sports game viewings. A multitude of trails and parks are sprinkled throughout the town’s districts.
With this increased interest, there are numerous condos for sale in Mississauga for you to browse.
YoY% Change = Year-over-year (YOY) growth
416 = Area Code for Toronto Area
905 = Area Code for Peel Region Including Mississauga & Brampton
Sales and average price of Condo apartments, Townhomes, Semi and Detached home types in Toronto, Brampton and Mississauga in October 2023
TYPES OF CONDOS FOR SALE MISSISSAUGA
Condos in Mississauga are for sale in the heart of downtown as well as the surrounding, more suburban regions. Choose between large family-friendly condos and smaller, studio-like options throughout the area.
Reasons to Consider Mississauga Condos/Apartments for Sale
Condos in Mississauga will put you conveniently in between the country’s largest airport, Lake Ontario, and the city of Toronto. Seven highways and a mature public transport system make it easy to travel with and without a car in most areas. The city is known to be diverse, thriving, safe, and renowned for its economic strength and opportunity.
Rent vs Buy
If you intend to stay longer than three years, buying a condo in Mississauga makes more financial sense than renting one. Purchasing a home is an investment in your future and the opportunity to grow your net worth. Renting is an expense that often requires you to pay higher prices than a mortgage and receive nothing after your years of money spent.
Condos for Sale Mississauga - Owner vs Agent
As you browse condos for sale in Mississauga, you’ll notice only very few for sale by owner and most by agents. Individuals selling their homes assure savings but can’t guarantee the proper procedures will be followed to protect you as a home buyer.
Working with RE/MAX Team Paliwal puts expert advice at your fingertips, promoting your best interests and maintaining transparency throughout the whole process. The best part is that you pay no commission or fees, but rather the seller is responsible for paying your realtor’s brokerage.
Mississauga Condos for Sale - New Construction VS Pre-Owned & Resale
Some things to consider when comparing new construction and pre-owned condos include pricing, location, and personal style, when do you want to move in or is it for investment.
With new condos for sale in Mississauga, you’ll have the option to personalise your new home, but this may involve construction delays. You’ll also want to consider up-and-coming areas versus established neighbourhoods with mature community bases. Pre-owned homes provide less room for customization but usually are more fairly priced and offer more options.
WHERE MISSISSAUGA CONDOS FOR SALE ARE LOCATED
Here are a few things to keep in mind when deciding on where to buy a Mississauga condo.
Mississauga North is home to Danville Park, the Pearson International Airport, and the Iceland Mississauga ice rink. If you purchase a condo for sale in Mississauga North, you can take the highway 410 up to Brampton or the 401 expressway to Toronto.
Some appealing factors for condos to buy in Mississauga South include the proximity to Lake Ontario, Watersedge Park, and Jack Darling Memorial Park. You’ll be conveniently close to Lakeshore Road and Queen Elizabeth Way, which take you up to Toronto or down towards Oakville.
More eastern Mississauga condos for sale are close to Lake Ontario, Port Credit, and Lakefront Promenade Park. Take advantage of Lakeshore Road, Queen Elizabeth Way, and Hurontario Street to take you into neighbouring areas.
Condos for sale in Mississauga West are the closest to Toronto. Centennial Park and Applewood Hills Park offer beautiful areas to stroll. You’ll probably find yourself using highway 401 to Milton or Toronto North and highway 403 to other areas in Mississauga or head further West to Oakville and Burlington.
The famous Square One shopping mall is located in downtown Mississauga adjacent to the interchange of Highway 403 and Hurontario Street, near the Mississauga Civic Centre, the Mississauga Living Arts Centre and the Mississauga Central Library.
In October 2019, Metrolinx completed the Hurontario Light Rail Transit (LRT) project, bringing one of the largest infrastructure projects in Ontario to Peel Region. 19 Stations and stops including four major transit hubs. Connecting Brampton – all the way on Hurontario St to Major Go Train stations up to port credit Go. Major construction began in 2021 with the completion date anticipated for fall 2024.
There is a huge concentration of existing high rise condo buildings and many upcoming new preconstruction condo projects in and around Mississauga downtown in the central area of Mississauga, to name a few are Above Condos, M-City.
WHAT TO EXPECT WHEN YOU BUY A CONDO IN MISSISSAUGA
A house is a source of freedom to express yourself and enjoy privacy, however, maintenance and consistent bills need to be managed. Start your home-buying process by determining what size mortgage you can afford comfortably and narrowing down your future budget.
CONSIDERATIONS BEFORE BUYING
Here are some things to consider before you buy a condo in Mississauga – at RE/MAX Team Paliwal, we know the ins and outs of the city. Feel free to contact us with your preferences and we can narrow down your search.
While searching for condos for sale in Mississauga, peruse the stores, parks, malls, and proximity to highways and transit of the different neighbourhoods. This will help you pinpoint which areas best fit your lifestyle.
Parents comparing Mississauga condos for sale should consider proximity to schools, parks, and playgrounds. Many schools border the eastern, southern, and western city limits, but there are over 200 schools in Mississauga.
Once you find a condo for sale in Mississauga that you like, spend some time in the neighbourhood and see if you can picture yourself there. You may consider factors like walk score, neighbour noise levels, and more.
While searching for Mississauga condos for sale, spend some time in the neighbourhood during rush hour to get an idea of the traffic patterns. Your proximity to main roads and highways will play a big role in the final decision.
DEVELOPERS IN THE AREA
There are numerous developers in Mississauga building new homes, condos, and apartment complexes to keep up with the growing city population.
These are our recommended local developers to watch for those of you looking for newly built Mississauga condos for sale.
M5 City Condos
M5 City Condos will offer a mixed-use community, including shopping, parks, and accessible public transport near the Cooksville area. Scheduled for completion in 2026, M5 will offer 1-3 bedroom condos for sale in Mississauga from 464 to 900 square feet.
Above Condos will be located in central Mississauga near Hurontario Street and Eglinton Ave West. The development will feature high-rise condos ranging from 338 – 1320 square feet and studios to 3 bedrooms. If you’re interested in a newly built condo for sale, Mississauga has plenty of these urban living opportunities.
If you’ve got your eye on a waterfront condo for sale in Mississauga, Lakeview Village might be the choice for you. The development will be set on 177 acres of land along Lake Ontario and offer 1-3 bedroom condos.
Located at the intersection of Hurontario St and Dundas St West, Artform Condos will offer 1, 2, and 3-bedroom condos. These new condos for sale in Mississauga will be centrally located near public transportation, schools, shops, and highways 401, 403, 410, & 427.
If you’re searching for luxury condos for sale, Mississauga has numerous options popping up. M3 condos will offer contemporary designs, building security, and smart home technology. Sizes range from studio – 3-bedroom, and 622 – 1199 square feet.
WHY CHOOSE RE/MAX TEAM PALIWAL
If you are looking for condos for sale, Mississauga has a variety of condos available for all lifestyles and budgets.
Rated one of the top 50 real estate teams in Canada and the top agent in PEEL Region, RE/MAX Team Paliwal can help you find your dream home.
Whether you’re looking for new builds or pre-owned, Sheridan or Port Credit, urban or suburban, we can act as your advocate and provide you with the resources needed for smart buying choices.
FREQUENTLY ASKED QUESTIONS
How much does a condo in Mississauga cost?
The average condo for sale in Mississauga costs $720,000 (2022). Smaller condos start in the upper $500s, and larger condos reach as high as $2.5 million.
Are Mississauga condos prices going up?
Now is the best time to start shopping for condos for sale in Mississauga. The current market position makes the area a solid investment opportunity, as the area is growing in popularity for many.
Are Mississauga condos for sale more affordable than houses?
Because condos are typically smaller than detached homes and do not carry the same acreage, Mississauga condos are typically more affordable than homes. Contact us today to discuss your best home-buying options!