349 Rathburn Road Unit 1703, Mississauga

Price: $549,999

2 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: New Construction

MLS#: W12897700

Gorgeous Urban Living In Mississauga's City Centre! Riviera Model 781Sqft Has 9Ft Ceilings, 2 Bedroom 2 Bath, Large Windows, Laminate Flooring & W/O To Balcony From Both The Living Room & Master Bedroom. This well-designed suite offers a perfect balance of space, functionality, and premium natural light, making it an ideal home for professionals, families, or savvy investors. The modern kitchen features granite countertops, ample cabinetry, and seamless flow into the living space-perfect for both everyday living and entertaining. With two full bathrooms, comfort and convenience. Steps to Square One Shopping Centre, Sheridan College, Celebration Square, movie theatres, restaurants, parks, GO Bus & Transit Terminal, and local shops. Quick access to Highway 403, major routes and public transit makes commuting effortless.

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$549,999 - 349 Rathburn Road Unit 1703, Mississauga

New Construction for Sale in Mississauga

2Beds
2Baths
700 - 1,099Sq Ft
New Construction
Property Details
MLS Number
W12897700
Property Type
New Construction
Status
active
Days on Site
17
Bedrooms
2
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Mississauga
Locker
Exclusive
Exposure
North West
Balcony
Open
Listing Brokerage
ROYAL LEPAGE CERTIFIED REALTY
Description

Gorgeous Urban Living In Mississauga's City Centre! Riviera Model 781Sqft Has 9Ft Ceilings, 2 Bedroom 2 Bath, Large Windows, Laminate Flooring & W/O To Balcony From Both The Living Room & Master Bedroom. This well-designed suite offers a perfect balance of space, functionality, and premium natural light, making it an ideal home for professionals, families, or savvy investors. The modern kitchen features granite countertops, ample cabinetry, and seamless flow into the living space-perfect for both everyday living and entertaining. With two full bathrooms, comfort and convenience. Steps to Square One Shopping Centre, Sheridan College, Celebration Square, movie theatres, restaurants, parks, GO Bus & Transit Terminal, and local shops. Quick access to Highway 403, major routes and public transit makes commuting effortless.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,821.78/mo

Includes CMHC insurance ($15,345)

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5-yr fixed avg.

Principal: $494,999Interest: $336,190
Mortgage Amount$510,344
Total Interest$336,190
Est. Property Tax$390/mo
Total Cost$846,534

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

349 Rathburn Road Unit 1703, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,400/mo
Range: $2,040 - $2,760
Cap Rate (ROI)
4.1%
Good

Monthly Cash Flow Breakdown

Rental Income+$2,400
Maintenance Fees-$0
Property Tax (est.)-$390
Insurance (est.)-$115
Net Cash Flow+$1,895

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $786/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.

Market Position

At 17 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.

Efficient Living

At 700 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 $2,292 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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.

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