407 Webb Drive Unit TH 12, Mississauga

Price: $890,000

3 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: W12671874

This contemporary 3Bed/2.5bath Townhouse is located in the award-winning luxurious residence of M City 2. The bright living room area flows seamlessly into the expansive private terrace. The primary bedroom includes a large walk-in closet and a 3pc ensuite. Enjoy world-class amenities including state-of-the-art fitness center, outdoor pool, party rooms, indoor/outdoor playgrounds for kids, saunas, sports bar, rooftop terrace with BBQ and dining area and much more. Located in the heart of Mississauga, steps away from Square One, dining,entertainment and public transit. Close to Sheridan College and UTM. Easy access to major highways. One parking included.Don't miss this opportunity to make this luxury suite your new home. Parking Maintenance fees are included on the maintenance fee.

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$890,000 - 407 Webb Drive Unit TH 12, Mississauga

Condo for Sale in Mississauga

62 days on market
3Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12671874
Property Type
Condo
Status
active
Days on Site
62
Bedrooms
3
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
South
Balcony
Terrace
Listing Brokerage
BAKER REAL ESTATE INCORPORATED
Description

This contemporary 3Bed/2.5bath Townhouse is located in the award-winning luxurious residence of M City 2. The bright living room area flows seamlessly into the expansive private terrace. The primary bedroom includes a large walk-in closet and a 3pc ensuite. Enjoy world-class amenities including state-of-the-art fitness center, outdoor pool, party rooms, indoor/outdoor playgrounds for kids, saunas, sports bar, rooftop terrace with BBQ and dining area and much more. Located in the heart of Mississauga, steps away from Square One, dining,entertainment and public transit. Close to Sheridan College and UTM. Easy access to major highways. One parking included.Don't miss this opportunity to make this luxury suite your new home. Parking Maintenance fees are included on the maintenance fee.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,566.16/mo

Includes CMHC insurance ($24,831)

$
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5-yr fixed avg.

Principal: $801,000Interest: $544,017
Mortgage Amount$825,831
Total Interest$544,017
Est. Property Tax$630/mo
Total Cost$1,369,848

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

407 Webb Drive Unit TH 12, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
1.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$630
Insurance (est.)-$185
Net Cash Flow+$1,325

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 $742/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 62 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.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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.

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