There are many options you could explore if you are looking to invest in real estate in Mississauga. The city’s market is growing fast and offers countless opportunities for new investors. Whether you’re planning to move or want to find lease opportunities, new condos in Mississauga would be an excellent solution.
The first reason why you should be interested in brand new condos for sale in Mississauga is the flourishing economy of this area. Mississauga can boast of housing Canada’s largest airport, Toronto Pearson International, which leads to countless benefits. Handling cargo, creating thousands of jobs, contributing greatly to the provincial Gross Domestic Product, you name it.
A quick note: don’t think that the airport would disturb your tenants (or you). It’s located in the North Eastern corner of Mississauga, so as long as you avoid that exact area, you should be safe from loud planes.
However, it doesn’t end there. Mississauga has more things to boast of other than the international airport. Let’s just look at the numbers, as they speak the loudest:
More than 88,000 local businesses, creating thousands of new jobs for people from all around the area and outside city boundaries (which means countless potential tenants for your new property).
More than 1300 multinational companies and a strong, fast-growing marketplace, an ideal place for new business owners or someone looking for career opportunities and personal growth challenges.
Population over 721,000, making Mississauga 6th largest city in Canada. Just to compare, 30 years ago the population was around 172,000.
Close proximity to Toronto, which means extra amenities and opportunities within reach.
Endless lifestyle activities, events, markets, malls, museums, restaurants, places of interest, and so on.
Impressive public utilities and facilities, including schools, reputable medical institutions, sporting establishments, countless methods of public transportation, etc.
Even though Mississauga is often called the gateway to Canada because of its proximity to the largest international airport, it can also be considered a great example of how Canadians should live: comfortably, happily, and safely, in a fast-developing city that’s creating its unique urban skyline.
Buying a new condo in Mississauga can be an incredible opportunity for an investment thanks to the fast-growing pace of the city. Just think about it: buying a condominium unit now means you can get twice as much (or even more) for it in just a few years.
Now, let’s look at the average condo prices in Mississauga depending on the apartment type:
Bedrooms
Average price
Studio
$410K
1 bedroom
$494K
2 bedrooms
$555K
3 bedrooms
$667K
Monthly, the real estate market in Mississauga experience at least a 65% increase in the number of new condos available for sale. There are around 180 new 1-bedroom units every month, 300+ new 2-bedroom condos, and more than 250 3-bedroom apartments available each month.
Now, if you are planning to rent your unit out, here are the average Mississauga rent prices to give you a rough idea of how much revenue you can get from your lease monthly:
Unit type
Average rent price (per month)
Studio
$1,600
1 bedroom
$1,900
2 bedrooms
$2,150
3 bedrooms
$2,350
The Mississauga real estate market experiences an average growth in prices in around 2.7% every month. There are over 1,800 new listings appearing monthly, including pre-construction condos, townhouses, and detached houses. On average, each unit remains on the market for around 15 days until it is sold.
The List of New Pre-Construction Condos in Mississauga
About: Located in the heart of Mississauga, the Artform Condos are offering easy access to countless modern conveniences, public transportation, parks, and more. This stylish contemporary building combines glass, stone, brick, and metal to achieve a sharp, sleek look. The units inside are thoughtfully designed and offer a perfect combination of aesthetics and convenience.
Location: 5081 Hurontario St, Mississauga, ON L4Z 3X7
Developer: Liberty Development
Storeys: 34
Number of units: 497
Estimated completion: 2024
Price: from $400K
About: The Canopy Towers are under construction in a high-demand neighborhood in Mississauga, which makes this listing an ideal investment. The units will include both smaller studios and larger apartments with multiple bedrooms. Each unit will have granite or quartz countertops (for both kitchen and bathroom), laminate flooring, European-style kitchens, smart house monitoring, and more.
Developer: The Daniels Corporation and Oxford Properties
Storeys: 36
Number of units: 977
Estimated completion: 2022
Price: from $400K
About: The condos will have suites of varying layouts and sizes, including 1, 2, and 3-bedroom units. There will be plenty of green zones and pedestrian-friendly areas in the community for a more comfortable living. The building is located close to all the necessary amenities (and more). There are recreation centers, shopping malls, parks, and schools nearby.
Developer: Sorbara Group Of Companies, Metropia, Greybrook Realty Partners
Storeys: 2
Number of units: 400
Estimated completion: 2021
Price: from $678K
About: Featuring 2 and 3-bedroom units, the Way Urban Towns is a townhouse project that unites style and comfort. Designed with the community in mind, this condominium offers lots of light and space in each living area. The developer offers both contemporary and more traditional floor plans, so you are free to choose whatever meets your personal requirements and style.
About: If you are looking to live (or lease) in a stylish building with concierge service and multiple downtown facilities nearby, then the Ann Condos would be a good choice for you. Offering spacious open-style interiors and combining those with a convenient, multifunctional design, the Ann Condos perfectly reflect what a modern lifestyle should be like.
About: Great location, reputable builder, and good prices are enough of a reason to invest in the ORO Condos. However, it doesn’t end there: the well-planned community may also win you over. This is the third and the final tower that would house premium units implementing contemporary design and premium finishes.
Location: 151 City Centre Drive, Mississauga ON L5B 1M7
Developer: Camrost Felcorp
Storeys: 38
Number of units: 395
Estimated completion: 2024
Price: from $690K
About: This boutique-inspired residence offers various floor plans to any liking. Each unit promises to have high ceilings, plenty of light, contemporary European kitchens, and all the necessary amenities. Premium materials and well-thought-out designs are only a few things you can expect from these condos. The area would include comfy areas for gatherings, working, and lounging.
Location: 202 Burnhamthorpe Road East, Mississauga ON L5A 4L4
Developer: Kaneff Corporation
Storeys: 20 and 23
Number of units: 406
Estimated completion: 2021
Price: from $400K
About: If you’re into tall ceilings, elegant design, and luxurious living, you are going to love the Keystone Condos. All units are developed to meet the expectations of fast-paced modern life and include the necessary amenities. There are 3 standard interior design options you can choose from for the baseline of your unit. There are 1, 2, and 3-bedroom suites available.
Location: 70 Mississauga Road South, Mississauga ON L5H 2H3
Developer: Kilmer Group, Diamond Corp, Dream and FRAM + Slokker
Storeys: 26
Number of units: 2,458 condominiums + 400 townhomes suites
Estimated completion: 2023
Price: n/a
About: Being steps away from the waterfront, the Brightwater Condos are ideal for those who have always dreamt of living near the lake. You can enjoy perfect views from your window and benefit from the fresh air. While being close to nature, the Brightwater Condos are also near multiple parks and recreation areas. Modern amenities are also within reach (such as restaurants, transportation, entertainment, and more).
However, you can probably guess that it’s worth it. Mississauga is one of the fastest-growing cities that has a lot to offer. Extensive communities, diversity, flourishing nature, endless amenities, and a high level of life are only a few among those things.
Located on the lakefront (Lake Ontario), Mississauga combines modern living with peaceful nature. The preservation of wooded areas, parks, and public spaces is taken very seriously here. No wonder there are more than 480 woodlands and parks in the area. Mississauga can easily be called a heaven for hikers and nature fans. Whenever you feel like you need to escape the busy, overwhelming pace of the city, there will be a green park or another relaxing nature spot nearby.
The diversity of the city brings a lot of new opportunities to discover different cultures and even build (or expand) your business. You can dive into art, cuisine, and architecture and enrich your worldview without even leaving the city limits. Libraries, art galleries, and shopping centers can keep you occupied and entertained as well.
With the fast-developing local businesses, Mississauga is flooded with workers (all in need of housing, which means an increasing number of potential tenants for you).
And while Mississauga does have high living costs, the residents agree that the price is not that high compared to what you get in return when moving (or investing) to this city. Most of the residents note that they are satisfied with the quality of life in Mississauga, which tells a lot about the city, right?
Artform Condos – 11-min walk from the Cooksville GO station, easy access to QEW and HWY 401/403/427. A new Bus Rapid Transit system is being implemented in the area to offer public transit to the Dundas Street residents.
Canopy Towers – close proximity to MiWay bus stops and the New Hurontario LRT Eglinton stop. Minutes from 403/401.
Square One District – minutes from the Cooksville GO train and bus station. The Erindale GO station is also nearby. Minutes from the 403, 401, and 407 highways.
The Way Urban Towns – minutes from the Erindale GO, Streetsville GO, and Cooksville Go stations. Multiple bus stations in the area within walking distance. Easy access to highways number 403 and 407.
50 Ann Condos Bolton – close proximity to highways number 427, 407, and 7.
ORO Condos Tower 3 – easy access to major highways such as 403, 401, 410, and 407. Close proximity to MiWay bus stations, Brampton’s Zum lines, Cooksville GO station, and Square One Bus Terminal.
EX2 – Exchange District – public transportation within reach. Close proximity to highways 403, 401, and 410.
Keystone Condos – close proximity to the highway number 403. Easy access to the GO Transit, Square One Bus Terminal, and Cooksville GO train and bus station.
Brightwater Condos – minutes from such main roads as Queen Elizabeth Way, Lakeshore Rd., and Hurontario St. Walking distance to the Port Credit Go train and bus station. Long Branch train station nearby.
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F.A.Q.
What are condos exactly?
A condo (or a condominium) is actually a form of property ownership. It involves multiple unit accommodations. A person owns their unit but the common areas such as lobby, elevators, hallways, etc. are owned in common. A good example of a condo can be an apartment building in which you own an apartment but share the maintenance costs for the elevators, driveway, hallways, roof, and so on.
What’s the difference between condominiums and cooperatives?
While the condominium ownership means that you own a separate unit (apartment), a cooperative would mean that you own a specific percentage of shares in the whole building or residential complex. Condominiums are typically cheaper.
Why can prices for condos in Mississauga vary so much, even if they are in the same building?
Many factors can affect the price, including the overall finishes, ceiling height, parking space included, and more. Additionally, apartments located on top floors are always more expensive than the units below (penthouses are always the priciest ones).
What are common elements?
Those are the building amenities you, as a condo owner, share with other owners. These amenities may include the building gym, the swimming pool, or other common areas such as hallways, elevators, roof, etc. The maintenance cost is typically divided among all the condominium owners.
What is the closing cost?
It’s an extra fee you pay on top of your condo unit price. Closing costs may include the land transfer taxes, warranty certificate, education levies, utility hook-ups, etc. They are typically charged at the closing date (the final step of the real estate deal).
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