$2,900/mo - 55 Eglinton Avenue Unit 507, Mississauga
Condo for Rent in Mississauga
42 days on market- MLS Number
- W13084270
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South East
- Balcony
- Terrace
- Listing Brokerage
- ROYAL LEPAGE CERTIFIED REALTY
Open concept corner unit, sun-filled throughout, offering two spacious bedrooms and two full bathrooms in a prime Mississauga location. The highlight of the unit is the rare oversized terrace with two walk-outs and sweeping south-east views of the CN Tower and Lake Ontario-perfect for relaxing or entertaining guests. With approximately 927 sq ft of interior living space and over 100 sq ft of outdoor terrace, the layout is both functional and inviting. Enjoy 9-foot ceilings and floor-to-ceiling windows. The modern kitchen is generously sized with ample cabinetry, ideal for everyday living and hosting. The primary bedroom includes a large walk-in closet, while the main bathroom features a sleek stand-up shower. This condo offers unmatched convenience. You're just minutes from Square One Shopping Centre. Restaurants, grocery stores (Oceans) and parks right across the street. Close to highways 403, 401, and 410 making commuting and daily errands effortless.
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.
55 Eglinton Avenue Unit 507, Mississauga
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fairly Priced Rental
At $2,900/mo, this is in line with typical 2-bedroom rents in Mississauga (~$2,900/mo). The rent itself may be firm, but there's often room to negotiate on lease terms — move-in date, appliance inclusions, or parking.
Market Position
At 42 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 900 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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.