M City 2 Tower at 3960 Confederation Pkwy
M City 2 Tower has followed close on the heels of a very successful launch of the first tower at M City. The two towers are part of the ambitious 10-tower, 15-acre, 4.3 million sq. ft. master planned community in the heart of downtown Mississauga
M City 2 Tower is set to be 61-storeys high, complementing and mimicking its twin M City Tower 1. Together, these two towers will be the tallest condo towers in Mississauga. M City 2 Tower also known as M2 will provide its residents with extensive views and a sprawling 2-acre green space.
While the first tower wowed everyone with their one-of-a-kind amenity program, M2 has gone up a notch by providing great outdoor amenities and indoor spaces.
A rooftop pool overlooking the M Park, resort-style loungers, splash pad, outdoor BBQs, ping pong tables, playground for kids, over-sized swing set, boardwalk trail, movie theatre, sports bar, fitness centre, steam room, indoor play area are among some top class features for residents to indulge in.
Is M City 2 a Good investment Opportunity?
Most definitely! The prices of M City Tower 1 and Tower 2 are absolutely fantastic. As reported in my Square One Condo Market March 2017 Report, the resale condos in Mississauga go for around $580 per sq ft. M City Tower 1 condos sold for approx. $625 per sq ft.
Bear in mind that the occupancy date for M2 is in 2021. So you are looking at an approx. $650 per sq ft price in 4-5 years time from now.
M City gets my overall thumbs up! The prices are undoubtedly strategic and it will be very hard for other Square One builder new projects like Daniel’s City Centre, to beat the M City prices.
M City 2 Tower Specifications
Floor Plans: 49
Sizes: 404 – 917 sq ft
Expected Occupancy: August 2021
Parking Cost: $30,000
Locker Cost: $3,500
Estimated Maintenance: $0.50 per sq ft per month
Locker Maintenance $19.95 per month
Parking Maintenance: $44.95 per month
Estimated Property Tax: 1% of the price per year
Total Minimum Deposit: 20%
$5,000 on Signing
Balance 5% in 30 Days
5% in 180 Days
5% in 370 Days
5% in 540 Days
E&OE – Prices are for information purposes only and subject to change by the Builder.