$499,000 - 1100 Caven Street Unit PH #8, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W12883496
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Mississauga
- Locker
- Ensuite
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE MEADOWTOWNE REALTY
Bright, spacious, and filled with natural light, this penthouse end-unit apartment in the sought-after Lakeview community offers spectacular views of the Toronto skyline and Lake Ontario. Enjoy elevated living in a vibrant neighborhood known for its waterfront lifestyle, parks, and welcoming family atmosphere. This well-designed unit features 2 generous bedrooms and 1 full washroom, making it an ideal home for first-time buyers, professionals, small families, or investors. The interior has been recently updated with a beautifully renovated kitchen and bathroom, blending modern finishes with everyday functionality. The open living and dining space is bright and inviting, creating the perfect setting for relaxing or entertaining while taking in the incredible penthouse views. As an end-unit, the apartment benefits from additional privacy and natural light, enhancing the sense of space throughout. Large windows frame the skyline and lake views, providing a stunning backdrop both day and night. Located in a family-friendly neighbourhood, this home is within walking distance to the lake, waterfront trails, parks, schools, and shopping. Enjoy the energy of nearby Port Credit, known for its charming restaurants, cafés, and vibrant community feel. Commuters will appreciate the close proximity to the Port Credit GO Station and quick access to the QEW, making travel to downtown Toronto and across the GTA convenient and efficient. Additional storage is provided with a convenient ensuite locker, adding extra practicality to this fantastic home. A bright penthouse, incredible views, and an unbeatable Lakeview location - a fantastic opportunity to experience one of Mississauga's most desirable waterfront communities.
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
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.
1100 Caven Street Unit PH #8, 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 25+ years of GTA real estate experience
Fair Market Value
At $832/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 22 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.