4185 Shipp Drive Unit PH2213, Mississauga

Price: $425,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W12850626

Welcome to this immaculate, bright, open-concept 2-bedroom, 2-bathroom penthouse suite in the heart of Mississauga. This beautifully maintained penthouse features a spacious combined living and dining area, two generously sized bedrooms, and two full washrooms, offering both comfort and functionality. Ample storage throughout enhances everyday living. Residents enjoy access to an impressive array of amenities, including a fully equipped gym, indoor swimming pool, relaxing sauna, party room, and tennis court. Ideally located just steps from Square One Shopping Centre, top-rated schools, parks, and Mississauga's vibrant City Centre. Minutes to Highway 403, GO Station, Mississauga Community Centre, and surrounded by an abundance of shopping, dining, and entertainment options. With easy access to public transit, major highways, and the airport, this location is perfect for commuters and urban lifestyle enthusiasts alike. This is a penthouse you won't want to miss.

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$425,000 - 4185 Shipp Drive Unit PH2213, Mississauga

Condo for Sale in Mississauga

103 days on market

Neighbourhood: City Centre

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W12850626
Property Type
Condo
Status
active
Days on Site
103
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
RE/MAX COMMUNITY REALTY INC.
Description

Welcome to this immaculate, bright, open-concept 2-bedroom, 2-bathroom penthouse suite in the heart of Mississauga. This beautifully maintained penthouse features a spacious combined living and dining area, two generously sized bedrooms, and two full washrooms, offering both comfort and functionality. Ample storage throughout enhances everyday living. Residents enjoy access to an impressive array of amenities, including a fully equipped gym, indoor swimming pool, relaxing sauna, party room, and tennis court. Ideally located just steps from Square One Shopping Centre, top-rated schools, parks, and Mississauga's vibrant City Centre. Minutes to Highway 403, GO Station, Mississauga Community Centre, and surrounded by an abundance of shopping, dining, and entertainment options. With easy access to public transit, major highways, and the airport, this location is perfect for commuters and urban lifestyle enthusiasts alike. This is a penthouse you won't want to miss.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,180.47/mo

Includes CMHC insurance ($11,858)

$
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5%10%50%

5-yr fixed avg.

Principal: $382,500Interest: $259,784
Mortgage Amount$394,358
Total Interest$259,784
Est. Property Tax$301/mo
Total Cost$654,141

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: City Centre

Discover City Centre

City Centre 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 City Centre

  • 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

City Centre 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

4185 Shipp Drive Unit PH2213, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$301
Insurance (est.)-$89
Net Cash Flow+$1,320

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 $425/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 103 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.

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.

About City Centre

I know City Centre well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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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    4185 Shipp Drive Unit PH2213, Mississauga | $425,000 | Battaglia Team