$539,900 - 385 Prince Of Wales Drive Unit 520, Mississauga
Condo for Sale in Mississauga
New — Listed 2 days ago- MLS Number
- W12997792
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Set within the boutique-style Chicago Tower in the heart of Mississauga City Centre, this beautifully appointed 1-bedroom-plus-den condo offers an elevated urban lifestyle with exceptional convenience. Thoughtfully designed with 9-foot ceilings, the suite features a bright, open-concept layout that feels both airy and inviting. A standout feature is the rare convenience of 2 full bathrooms, offering added comfort and flexibility for owners and guests alike. The contemporary kitchen is finished with granite counters, stainless steel appliances, and a breakfast bar that opens seamlessly to the principal living space, ideal for everyday living and easy entertaining. The generously sized bedroom is filled with natural light and includes double mirrored sliding closet doors, while the 4-piece ensuite adds comfort and function. A separate den provides valuable flexibility for a home office, reading room, or guest space. The suite also includes one parking space and a locker conveniently located on the same floor as the unit. Residents enjoy an impressive collection of lifestyle amenities, including a rooftop BBQ area, indoor pool, gym, rock climbing wall, golf simulator, steam room, media room, theatre room, party room, and 24-hour concierge. Rabba Supermarket and additional retail are located at ground level, with a wide selection of restaurants just a short walk away. Ideally located steps to Square One, Celebration Square, the Living Arts Centre, Sheridan College, Central Library, restaurants, theatres, transit, and GO access, this address offers an easy commute with a short walk to MiWay, GO Transit, and the upcoming LRT, along with quick access to Highways 403, 401, and 407. Stylish, connected, and exceptionally well-situated, this is city living with everyday convenience at its doorstep.
Estimate your monthly payments for this property
Estimated Payment
$2,769.97/mo
Includes CMHC insurance ($15,063)
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.
385 Prince Of Wales Drive Unit 520, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $771/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 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 $2,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.