$599,000 - 1485 Lakeshore Road Unit 114, Mississauga
Condo for Sale in Mississauga
108 days on market- MLS Number
- W12795256
- Property Type
- Condo
- Status
- active
- Days on Site
- 108
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- North East
- Balcony
- None
- Listing Brokerage
- RE/MAX PROFESSIONALS INC.
A bright corner residence with privacy and green views. With 1,192 square feet, two bedrooms, and two full baths, this home feels genuinely spacious. Full height windows draw your eye to the tennis court and mature trees, and the layout makes it easy to entertain or simply spread out. Long time ownership shows in the care and condition. The living and dining areas flow into a sunroom style space that is perfect for meals, reading, or a quiet workspace. The kitchen has its own window for natural light, plenty of counter room, tile underfoot, and a movable island for prep or casual bites. The primary bedroom fits a king bed and includes an ensuite. The second bedroom works well for guests or a dedicated office. Residents enjoy a rooftop fitness room, sauna and hot tub, tennis, a party room, billiards and ping pong, outdoor BBQs, landscaped sitting areas, and generous visitor parking. Monthly fees include utilities, with only internet and cable as extras. The community is friendly, well kept, and a natural fit for retirees. Parking and storage are covered with two parking spots and a locker. The location checks the daily boxes. Walk to Marie Curtis Park, the beach, the lakefront trail, and the dog area. Long Branch GO and the TTC are close for an easy commute. The QEW and the 427 put the rest of the city within minutes, and Sherway Gardens, golf, and everyday shopping are nearby. If you want space, light, and nature at your door without giving up convenience, this home delivers.
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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.
1485 Lakeshore Road Unit 114, 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 $599/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.
Negotiation Opportunity
At 108 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.