$532,000 - 1001 Cedarglen Gate Unit PH 720, Mississauga
Condo for Sale in Mississauga
New — Listed 7 days ago- MLS Number
- W13418284
- Property Type
- Condo
- Status
- active
- Days on Site
- 7
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- BAY STREET GROUP INC.
Welcome to this beautifully maintained Penthouse-level condo in the highly desirable Erindale community of Mississauga! Offering 2 spacious bedrooms with an enclosed balcony, 2 full bathrooms, and 1,044 sq. ft. of bright and functional living space, this move-in-ready suite is perfect for first-time buyers, professionals, and investors alike. | The thoughtfully designed layout features a large open-concept living and dining area, providing plenty of room to relax, entertain, and enjoy everyday living. The enclosed balcony/solarium adds valuable extra space and can be used as a home office, reading room, guest area, or cozy retreat. Both bathrooms were beautifully renovated in 2022. The ensuite bathroom showcases a premium brushed nickel thermostatic shower column, delivering a luxurious spa-like experience in the comfort of your own home. The second bedroom is generously sized, making it ideal for family members, guests, or additional workspace. | Located in the well-managed Lansdowne Condo, residents enjoy exceptional amenities including an indoor pool, spa, sauna, fitness centre, party room with fireplace, guest suite, bike storage, and ample visitor parking. Maintenance fees include heat, hydro, water, air conditioning, building insurance, common elements, parking, and locker (exclusive use), providing excellent value and worry-free living. | Surrounded by parks, walking trails, shopping, restaurants, and everyday conveniences, this home is also close to high-rated schools, the University of Toronto Mississauga, Huron Park Recreation Centre, Erindale GO Station, Cooksville GO Station, and major highways including the 403, 401, and QEW. Golf lovers will appreciate being just minutes from Credit Valley Golf & Country Club. | Rarely do you find such an affordable and spacious Penthouse suite offering comfort, convenience, and outstanding value in one of Mississauga's most established neighbourhoods. Do not miss this incredible opportunity in a prime location!
Estimate your monthly payments for this property
Estimated Payment
$2,729.44/mo
Includes CMHC insurance ($14,843)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1001 Cedarglen Gate Unit PH 720, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $532/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,217 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.