Mississauga's Premium Condo Website
Regardless if you are a first time home buyer, an experienced investor, or someone who is just simply interested in the Mississauga condo real estate market, you have come to the right place. This website is your one stop destination for everything you need to know about downtown Mississauga condos, also known as Square One condos or City Center condos. Using state of the art technology, we have engineered the ultimate all-in-one condo website. At www.MySquareOneCondo.ca we believe in educating people about Mississauga condo real estate by providing as much relevant information as possible. This includes, having a thorough Mississauga condos for sale MLS listings section, an interactive Square One condo real estate blog, and an opportunity to review Mississauga condos.
When designing the website we had one goal in mind – how can we make shopping for a condominium in Mississauga as easy as possible? We believe the answer lies in giving clients the accessibility and freedom to shop for a condo from their home computer, without the immediate need of a real estate agent. Once the person is familiarized with Square One condos for sale, and is ready to contact a condo realtor, we are ready to help.
Many find our real estate blog helpful as it keeps the public informed about the newest pre-construction condo projects in Mississauga, latest price trends and it also provides tips for both sellers and buyers. We update this blog on a weekly basis with all exciting Mississauga condo news.
Finally, our Mississauga condo review section lets property owners, apartment renters and potential buyers give feedback and state their opinions on various Square One condos.
We hope you will enjoy your stay.
In our previous blog, we have looked at prices in the Square One Area. Now we will take a closer look at 2 bedrooms under 500k and what buildings you can find them in. Yes, believe it or not, this means there are a few 2 bedrooms still below the half million dollar mark.
As everything has risen in price, it seems like affordable housing is almost non-existent unless you move very far out of the GTA. It is to no surprise that first timehome buyers are having a hard time entering the market, especially when looking at 2 bedroom units.
They are rare but not nonexistent. There are several buildings in Square One where 500k or less can get you a 2 bedroom unit. If you look at older buildings in the Square One Area, you can find quite a few units well below the half million dollar mark.
The good thing about buying in an older building is that the units are always larger. You will not find an old condo building with 750sq ft 2 bedroom units.
Most of these units are 1000 sq ft or larger. Most buildings, like 250 Webb Dr, have undergone some major lobby and hallway renovations to make the building attractive to buyers.
Another great thing about purchasing in an older building is that a lot of the units have been renovated extensively. What I mean by this, if you buy a newer condo, finishes are standard from the builder, with maybe a few exceptions.
These exceptions, however, get standard upgrades – extended kitchen cabinets, pot lights, hardwood throughout, blinds, gas line on the balcony (if applicable) etc.
Whereas in the older units you can get stuff such as modern fireplaces, brick or tile walls, custom kitchens and baths and more. For some, the extra square footage is already a big deal when comparing newer units to older ones.
For some first time homebuyers, another option would be to look at a 1 bedroom plus den unit. There is definitely a lot more options when it comes to one bedroom plus den units on the market. This is a good option for a couple.
There are several buildings in Square One, which have dens that are separate rooms with a door. Others offer larger den spaces that you can turn into an office, a nursery, a sitting area, a closet or even a small bedroom space or home gym.
This would keep you under the half million dollar mark and it would allow you to purchase in a newer building in downtown Mississauga. If you want to own a preconstruction unit, then only 1 bedroom plus dens would be under the 500k mark.
However, you would own a brand new, never before lived in unit, if this fits your family dynamic. For pre-construction purchases, please click here.
The first time that I heard this question, believe it or not, was back in 2012 when I started focusing on Square One condos and Pre-construction condos in the Square One Area. To put into perspective, the resale market for a 1 bedroom condo stood at around the 230k mark then, whereas a similar unit pre-construction was selling for about 250k.
At that time the project that was selling pre-construction was Crystal Towers (55 and 75 Eglinton Ave West) from Pinnacle International. Buyers kept asking me at that time if I thought the market would crash or if the condos are overpriced. Looking back on those prices now, we can note that they were a great investment. Crystal 2 bedroom units were selling as low as 330k and as high as 360k.
The 2nd question that I used to get asked and I still keep hearing is if the pre-construction market is overpriced.
If you note that Crystal was selling between 330k and 360k, then I want to let you know how much the resale market was selling a 2 bedroom for. In an older building in Square One such as Tucana, you could find a 2 bedroom unit for around 210k. This, of course, is a huge price difference. But we need to keep in mind that Tucana was built in 2000 or earlier. If we look onto a building that was completed about a year or so when Crystal Towers started selling we see that the price difference really is not that huge. A much-desired building such as Onyx (223 Webb Dr) was selling a 2 bedroom for around 340k and was built around 2011.
Fast forward to 2019, I am still being asked that same question. This time, I would like to look at the resale market, to clearly show how much prices have gone up. Currently, a 2 bedroom unit at Tucana sits at around the 430k range depending on how much renos were done to the unit and a 2 bedroom at Onyx goes for around 500k, depending on the size and upgrades in the unit. Clearly, units at Tucana have really gone up a lot in price, but that is because all 2 bedrooms are above the 400 and 500k mark now. Remember those 2 bedroom units that some of you invested in at Crystal, 55 and 75 Eglinton, well they are now worth at around 530k. This just shows that those that have purchased units pre-construction have made money on their units and that the price difference between the newer resale units and the project that was to be completed down the line, was at a similar price range.
If we look at the project Perla that is in the same community as Crystal and Amber, we will note that a 2 bedroom is going for around 600k. Now, keep in mind that Crystal is already a 5-year-old building and Amber is already over a year old.
Year over year, the condo prices in Square One have seen a healthy increase. I don’t foresee any slowing down. Currently, pre-construction units are sold out as soon as the Platinum phase launches, and the only time there are leftover units is if someone returns a unit for whatever reason. The resale market is still moving units within days, and some units are still seeing multiple offers.
To answer the real question, if Mississauga is overpriced, it depends what you are comparing it to. If you are looking onto our neighbour, Toronto, and you compare those prices to Mississauga, then no, Mississauga is still considered affordable. If you look outside of larger cities, then yes, Mississauga does seem overpriced. Mississauga has gone up in price, but so has the rest of the GTA. Therefore, it is only normal that condo prices in downtown Mississauga go up in price as well.
If you are looking to sell your Mississauga condo please contact me here.
If you are interested in current pre-construction projects and inventory, please contact me here.
Back in 2013, Hazel McCallion fought for secession from the region of Peel. Today, our mayor, Bonnie Crombie may actually succeed in separating Mississauga from the rest of the Region. However, we must note that the decision lies with Premier Doug Ford.
The strong push comes after noting that the city finally needs to focus on spending its tax dollars on its own city infrastructure, such as roads, schools, transit & other. City council believes that this will mean cost savings for its residents. If Mississauga succeeds the city could see an exit as early as 2022.
When cities come together within a region, the benefits are usually that cities pool money together for shared resources. This includes the Police force, garbage collection, wastewater collection, and so much more. Bonnie Crombie proposes that these do not have to change, they can remain shared resources.
What in fact would change during the secession is that Mississauga would focus on spending its tax dollars on the city of Mississauga, as opposed to helping pay for Brampton & Caledon. It is estimated that Mississauga spends roughly $85 million annually to subsidize Brampton & Caledon.
If the city is granted separation, the city could save millions and focus on what is the priority for Mississauga and its residents. It is also estimated that the average Mississauga household would see a 6% decrease in yearly property tax if the separation delivers on all services.
This alone could motivate a lot of residents to be in favour of the Mississauga exit. 12 years ago, when the topic was brought up the first time, a study showed that $31 million could be saved by separating from Peel. This time, the numbers are unknown.
Crombie is pushing for a new study to be performed so that the numbers could be updated. However, at this time, there was no review made. It is to be noted, that when amalgamation is proposed in the first place, it is for cities to share resources or if they already do, then to share tax wealth among rich and poor cities and towns in order to move forward and help each other grow.
This would mean that shared resources and taxes could expand infrastructure, improve roads, schools, landscapes and other things in the region. When we look onto our neighbour, The United States, we can see how negatively something like not coming together can impact cities. In the States, a lot of tax-rich cities are next to poor tax cities, and they don’t come together to share resources.
The divide is evident. Look at the different schools and school systems, roads, housing, storefronts, landscapes etc. The result is Third World quality schools, resources, landscapes etc, next to excessively resourced ones. It is not to say that this could happen to Peel, but this is what a lot of residents fear, especially in Brampton & Caledon.
The best possible outcome for Peel, if they do separate and become independent cities, is to keep their resources pooled together. Focus on keeping the Peel school board intact, the Police force, as well as the Waste & Water management systems.
The result would be that there are no shortcomings in these well-run areas & the city of Mississauga can focus on different areas that need financial improvement to run properly.
As proposed, Mississauga can spend its tax dollars on fixing their roads, expand infrastructure, spend money on affordable housing and focus on its own issues within city hall without having to resolve the issues of Brampton & Caledon. This will grow and expand the city of Mississauga and focus on matters that are important to the city and its residents.
What’s all the hustle and bustle about you ask?! The Rec Room is the newest addition to the entertainment scene in the Square One Area.
The Rec Room opened its doors in March 2019, and sprawls over 2 floors and covers over 44,000 square feet of space and can accommodate up to 1,400 guests. The entertainment complex is a chain that belongs to giant Cineplex and has multiple locations across Canada.
The Rec Room features 2 floors. The lower floor consists of 4 lanes for bowling, 10,000 square feet of attractions in the area called “The Yard”, a restaurant called “The Shed” and your private dining spaces – The Library, The Hall and The Garage 2.
The Rec Room offers 90 amusement games, along with pool tables, ping pong tables and 95-plus screens for your entertainment. The Bar serves 32 draught beers, including some of the finest local craft beer.
Your winnings can be cashed in at the Trophy Case, where you can redeem your credits for items such as board games.
It does seem that way, does it not? Well, asides that Dave & Buster’s is further from Square One Mall, and doesn’t offer Axe-Throwing, live entertainment or 2 amazing restaurants, or ping pongs or nearly as much space and TV screens; however, it does offer an arcade, and VR and a great Dance Revolution Game.
Yes, although both appear to be fairly similar, The Rec Room has a lot more to offer, but it does not mean that Dave & Buster’s is not a great hang out spot when you want it to be a little less hectic and when you just want an arcade type of night.
This new location expects to bring 250 new jobs to Mississauga. All these new changes that are happening in downtown Mississauga are expected to bring in new jobs, draw more attention to Mississauga, attract more tourists, locals, and people from neighboring cities. It’s a good time to live and invest in Mississauga.
Yesterday was the grand unveiling of the much anticipated Food District in Square One. A new 34,000 sq ft food destination to all the foodies out there.
Square One is currently the third largest mall in Canada, in terms of square footage. As the mall topped a billion dollar in sales, it unveiled a luxury wing with high-end department giant Holt Renfrew and announced a redevelopment that will cost around $580 million.
Part of the redevelopment would include expanding the north wing ( the former Target area) moving the Chapters on Rathburn Rd into the mall and adding The Rec Room, an entertainment complex by Cineplex that will sprawl over 44,000 square feet and offer two full floors of food and activities. It will host many restaurants, amongst them Three10.
The west wing has opened in November with UNIQLO and has reserved 34,000 sq ft for the Food District that will offer a wide array of food hot spots. It will also offer cooking classes, tastings, dinner parties, book signings, and other special events, making Square One a popular destination for all. Some of the restaurants that are calling the Food District home are:
The Pie Commission – Some of the best pie was born here. Try the beef ‘n’ beer.
Dal Moro’s Pasta – Authentic Italian pasta
Craft Chippery – Gourmet chips.
The District Kitchen – They will host cooking classes, dinner parties, corporate and special events.
Sugar King Factory – Candyland!
Arvinda’s – Pre-packaged spice Indian blends.
Bake Three Fifty – Here you can build your own cupcake, milksake and ice cream sandwich. Yum!
Tao Tea Leaf – Taste different tea flavours for half the year. They have over 180 varieties.
Blackjack BBQ – Best in town Sweet Whiskey Pork Ribs & Dinosaur Beef Ribs.
Pier 87 Fish Market & Grill – Fresh or frozen seafood anyone? Your next go to Fishmonger.
Chocollata Gourmet – Brazilian tradition. Gourmet Brigadeiros with a ton of History.
The Box Donut – Krispy Kreme who?
Hale Coffee – Toronto-based specialty coffee roaster.
BROD – Authentic Danish Pastry house .
Blossom Moments – Beautiful flower shop.
La Carnita – If you love Tacos, you will love this Toronto-born Mexican hot spot
Kingston Olive Oil Company – Taste some of the world’s finest aged balsamic
The Macaron Boutique – The finest macarons. Order your towers now!
Sweet Jesus – It’s finally at Square One. Amazing ice cream! Join the rest of the loyal customers by posting on Instagram with your favourite flavour.
Village Juicery – Cold pressed juice spot.
Plancha – Spanish cooking with style! Plancha means cooking on a cast-iron plate over an open flame.
Seed to Sausage – Some of the finest meats with as little preservatives and additives as possible.
If you have a chance, check out the Food District this weekend. We anticipate a large turnout as it is opening weekend.