Why Invest in Mississauga City Centre Real Estate?

Mississauga City Centre is a popular neighbourhood in Mississauga’s downtown core, located near Hurontario and Highway 403. Many new, cutting-edge condo developments can be found in this neighbourhood. Around Square One and Mississauga City Centre, there are a lot of projects going on, with new condo developments sprouting up around every corner. Although this neighbourhood doesn’t have a Go Train Station of its own, it has a large MiWay Transit Terminal and will soon have a station stop on the Hurontario LRT, making it a future transit hub connecting north and south Mississauga City Centre. For Mississauga residents, the Hurontario LRT is an important development, thus it seems fitting that both developers and residents have invested heavily in this neighbourhood.

List of New Condos in City Centre Neighbourhood

Why Buy New Condo Developments in Mississauga City Centre?

There are so many condo towers in the Mississauga City Centre. Absolute Marilyn Munro towers, located at the intersection of Burnhamthorpe Road and Highway 10, are recognised globally for their distinctive curvy design. There is a mix of old and modern condominiums, and as with most metropolitan areas, the older condos clearly provide more value for your money but just don’t generally match in terms of attractiveness and amenities. Purchasing a new condo development has its own appeal; you may choose your suite size, features, and enhancements to assure the condo matches your specific needs. Since these new condo developments have increased in value over the last three to four years, many investors have profited from investing in new condos. This is a neighbourhood that has seen tremendous expansion over the years, and purchasing a condo here not only offers you a beautiful place to live but also a solid investment opportunity.

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Mississauga City Centre Neighbourhood

The population of Mississauga City Centre is now at around 26,000 people, it is one of the highly dense neighbourhood in the GTA. The median age is mid 30s and only 43% of households have kids. This is not your typical neighourhood for families, but young professionals and couples are drawn to the culturally diverse community. This neighborhood exudes an urban lifestyle due to its proximity to amenities, excellent transit system and variety of restaurants and nightlife. Mississauga Valley Park, which features beach volleyball courts, a soccer field, a baseball diamond, a football field, four tennis courts, a splash pad, and Mississauga Valley Community Centre, which has an indoor pool, a hockey arena, and fitness centre, located just a few minutes south of City Centre. Daniels Community Field, a soccer field free to all members of the community, is located in Community Common Park, which features an off-leash area for dogs. Zonta Meadows Park has two tennis courts, a full-sized soccer field and a playground for children to expand their energy.

Average Price for Condos in Mississauga City Centre

MississaugaCity Centre’s homeowner percentage is somewhat greater than the tenant rate, with 56 percent owned and 44 percent rented. As of June 2022, Condos are the only type of home sold here, accounting for 100 percent of all sales. The majority of the condos feature two bedrooms. The average sale price for condos sold in City Centre in June 2022 was $655,446, up 18.4% over the same month last year.

Mississauga City Centre Transit & Accessibility

The City Centre Transit Terminal located at 200 Rathburn Road, on the northwest corner of Square One Shopping Centre served as the major transit hub. Residents can commute with Mississauga’s MiWay public transit system. Bus services run along Hurontario, Burnhamthorpe, and Confederation Avenues. Zum buses can take residents to Brampton and transfer to the TTC’s Islington subway station. GO Transit can take you to other cities. For residents who prefer driving, it’s minutes away from three major Highways 401, 403 & 407. Going south on Hurontario and taking the QEW/Gardiner will take you to downtown Toronto in around just 45 minutes.

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