New Interest for Old Condos in Mississauga

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New Interest for Old Condos in Mississauga

Old condos in Mississauga

There is a growing trend of larger & older Mississauga condos becoming more popular with many new immigrants and first time buyers. Many such condominium buildings are located on Webb Dr (250, 300, 350, 325, 335, 400 and 550 Webb Dr.) in Mississauga Square One area. The reasons for this include affordability, size, proximity to schools and Square One area amenities.

Now a days, many sellers of these older condos in Mississauga are improving or upgrading their properties. Sellers understand that first time buyers look for not only well managed buildings but also for new appliances, fresh coat of paint, new flooring etc. Most first time buyers are not interested in spending their own cash on improvements (they would rather spend this amount on down payment), but instead opt to buy properties that are already improved by the sellers, and are ready to move in. When improving old condos in Mississauga, there are many things that sellers need of be aware of and should be careful about. Sometimes over improving a property will not help.Let’s look at an example, the median price of an updated two bedroom, two washroom, condominium apartment in Monarchy condos at 325 Webb Drive and 335 Webb Drive  is $300s.

Old Condos in Mississauga renovation choices

There is a plethora of choices available when it comes to renovation options, one can install a new kitchen from as low as $5,000 to as high as $50,000. Similarly, one can opt for a new laminate flooring from as low as $2 per square feet to $10 per square feet hardwood flooring. Same goes with window coverings, bathrooms, light fixtures etc.

Smart sellers should not compromise on cheap upgrades but shouldn’t also overspend and pour money down the drain.  If the median price is $300,000 for a reasonably improved property, sellers should know where to draw the line.

More Tips for Sellers of Old Condos in Mississauga

With my background in interiors, and experience in home renovations, I can help my sellers with solid advice when it comes to renovating property for sale in Mississauga.

Older Condos For Sale in Mississauga

Thinking of selling an older condo with or without renovation?

Amit sells many old condos in Mississauga. He can advise you on the best route to take depending on market conditions, inventory, current trends and ROI based on renovations

Buy or Sell Old Condos in Mississauga

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By | 2017-02-18T11:33:31+00:00 May 10th, 2012|Categories: Buying, Condos, Selling, Square One Condos|Tags: , , , , |Comments Off on New Interest for Old Condos in Mississauga

About the Author:

Amit Kalia
Amit is a full time local REALTOR® since 2003. Currently he is with RE/MAX Real Estate Brokerage Inc. in Mississauga. RE/MAX is Canada's #1 real estate company. He is supported by a very strong Sales and Marketing team. Together with his team, Amit has been serving property sellers, first time buyers, real estate investors, landlords, renters, new immigrants to Canada and non-residents. Team Amit Kalia specializes in Square One condos and also work in many other Mississauga neighbourhoods. Team Amit Kalia offers a 30 Days Sold Guarantee to Sellers. Amit's team also provides exclusive A La Carte property management services for their investor clients and landlords.