220 Burnhamthorpe Road Unit 903, Mississauga

Price: $525,000

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: W13454886

Condo lofts in Downtown Mississauga are rare by design. Only four buildings in the entire area have them, and this is one of them. If you've been watching the market and wondering why nothing has clicked, this is probably why. Step inside, and the ceilings stop you. Eighteen feet of open vertical space, floor-to-ceiling windows running the full length of the unit, and natural light that moves through the space all day. The east and south exposures mean the sun comes in early and holds through the afternoon. By mid-morning, the whole unit is lit up in a way that most condos in this city never achieve, no matter how many fixtures you add. What surprises people is how warm it feels. Lofts this size can read industrial and cold, but this one doesn't. The scale is there, and so is the comfort. From your two balconies, you're looking out at Lake Ontario and the Marilyn Monroe Towers. The views are proper, not a sliver between buildings. This is a well-proportioned unit. The bedroom loft sits above the main living area, recently updated with new flooring, separated enough to feel private without being cut off from the space below. The den is its own enclosed space, which makes it a proper home office or guest room rather than just a divider between rooms. The 1.5 bathrooms keep day-to-day living practical, and the two balconies give you outdoor space that doesn't feel like an afterthought. Maintenance fees are all-inclusive, so heat, hydro, and water are covered, which simplifies your monthly costs considerably. The location is downtown Mississauga at its most connected. Square One and Celebration Square are both a short walk. The City Centre transit hub puts the rest of the region within easy reach, and the neighbourhood has built up around it with good restaurants, the central library, and the kind of walkable daily life that most Mississauga addresses just don't have.Condo lofts like this don't come up often. When they do, they don't sit long.

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New Listing
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$525,000 - 220 Burnhamthorpe Road Unit 903, Mississauga

Condo for Sale in Mississauga

New — Listed yesterday
2Beds
2Baths
800Sq Ft
Condo
Property Details
MLS Number
W13454886
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
South East
Balcony
Open
Listing Brokerage
REAL BROKER ONTARIO LTD.
Description

Condo lofts in Downtown Mississauga are rare by design. Only four buildings in the entire area have them, and this is one of them. If you've been watching the market and wondering why nothing has clicked, this is probably why. Step inside, and the ceilings stop you. Eighteen feet of open vertical space, floor-to-ceiling windows running the full length of the unit, and natural light that moves through the space all day. The east and south exposures mean the sun comes in early and holds through the afternoon. By mid-morning, the whole unit is lit up in a way that most condos in this city never achieve, no matter how many fixtures you add. What surprises people is how warm it feels. Lofts this size can read industrial and cold, but this one doesn't. The scale is there, and so is the comfort. From your two balconies, you're looking out at Lake Ontario and the Marilyn Monroe Towers. The views are proper, not a sliver between buildings. This is a well-proportioned unit. The bedroom loft sits above the main living area, recently updated with new flooring, separated enough to feel private without being cut off from the space below. The den is its own enclosed space, which makes it a proper home office or guest room rather than just a divider between rooms. The 1.5 bathrooms keep day-to-day living practical, and the two balconies give you outdoor space that doesn't feel like an afterthought. Maintenance fees are all-inclusive, so heat, hydro, and water are covered, which simplifies your monthly costs considerably. The location is downtown Mississauga at its most connected. Square One and Celebration Square are both a short walk. The City Centre transit hub puts the rest of the region within easy reach, and the neighbourhood has built up around it with good restaurants, the central library, and the kind of walkable daily life that most Mississauga addresses just don't have.Condo lofts like this don't come up often. When they do, they don't sit long.

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Estimated Payment

$2,693.52/mo

Includes CMHC insurance ($14,648)

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5-yr fixed avg.

Principal: $472,500Interest: $320,909
Mortgage Amount$487,148
Total Interest$320,909
Est. Property Tax$372/mo
Total Cost$808,057

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.

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Neighbourhood Guide: Mississauga

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

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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.

70
Walk Score
Varies
Price Range

220 Burnhamthorpe Road Unit 903, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$372
Insurance (est.)-$109
Net Cash Flow+$1,199

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $656/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.

Efficient Living

At 800 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.

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 $2,188 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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    220 Burnhamthorpe Road Unit 903 | $525,000 | Battaglia Team