$409,900 - 4205 Shipp Drive Unit 506, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W12850796
- Property Type
- Condo
- Status
- active
- Days on Site
- 18
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Mississauga
- Locker
- Ensuite
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Bright and spacious 1 bedroom suite offering over 700 sq ft, with all utilities included in the maintenance fee! Set in the heart of Mississauga City Centre, steps to Square One and the surrounding community. The fully updated galley kitchen features quartz counters, white painted cabinetry, subway tile backsplash, stainless steel stove and fridge, and a custom breakfast bar with a pass through to the dining and living area. Enjoy ensuite laundry, vinyl flooring, and an open concept layout designed for everyday living. Floor to ceiling windows frame a south east exposure and bring in excellent natural light. The bedroom is generously sized, and the renovated bathroom is finished with vinyl plank flooring, a quartz vanity top, and a glass enclosed shower. The building offers 24 hour security and amenities including an indoor pool, gym, and party room. Walk to Square One, Celebration Square, the Living Arts Centre, Civic Centre, YMCA, library, restaurants, and supermarkets. Quick access to Highways 403, 401, and QEW, plus nearby GO transit.
Estimate your monthly payments for this property
Estimated Payment
$2,103.00/mo
Includes CMHC insurance ($11,436)
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.
4205 Shipp Drive Unit 506, Mississauga
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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 25+ years of GTA real estate experience
Competitive Pricing
At $586/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 18 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.
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.
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.