Square One Condo Market 2015
Square One Condo Market 2015 – Square One Condos Fast Becoming First Choice
The condo market at Square One, Mississauga, has not performed as well as the low rise residential real estate since 2012. On the other hand, since there is no land left in Mississauga for residential development, people looking for low rise residential options are inflating the prices of resale homes. This has been especially true for 2015. If someone has the money to invest in townhomes, semis and detached homes, they are willing to further pay a premium to acquire such a property. Property values have seen double-digit growth in recent years, and this adds to the confidence level of people wanting to invest in a home instead of a condo apartment.
However, this is does not ring true with first time buyers who may not have such deep pockets. Condos have become the obvious choice for first time buyers in Mississauga. By default, they get attracted towards condo apartments due to affordability and comforts of condo amenities.
As an experienced Broker since 2003, given the Square One Condo Market 2015 update, I feel that this is the best time to invest in condos at Square One, Mississauga as the gap between condos and low rise has grown exponentially. And then, there is also a significant difference between Toronto condos and Mississauga condos. Toronto condos are a lot pricier than Square One Condos in Mississauga. On an average one bedroom Downtown Toronto condo sells for approx. $100K more than a similar one bedroom condo in Downtown Mississauga. In fact, First time buyers who are priced out of Toronto condo market, are also flocking towards Mississauga condos, where they can still find affordable bigger condos, compared to Toronto. Many baby boomers are also returning back to high rise condo market after cashing out their expensive freehold homes in the area.
Rental Market at Square One
The rental condo market at Square One is on a wild fire. The rents have moved up since last year. These days it is hard to find a decent one bedroom condo for less than $1400 per month. For two bedrooms under 900 sq ft, one should be looking at $1700 in monthly rent. There is an acute shortage of rental units at this moment. A great time to invest in condos for rental market is my best advice. Square One condo prices are still very affordable. I expect condo market to perform very well in the coming year.
Square One Condo Market 2015 – Recently Sold Condos
Two-Bedroom Penthouse at CityGate2
A spacious two bedroom with two washroom penthouse suite was just sold by me for $390,000. There are only six such suites on the entire floor. Condo suite features soaring 10′ high ceilings, which adds to the openness of the condo. The suite also features large floor to ceiling glass windows, private balcony, and laminate floors throughout that add to the clean look and feel. Rooms are spacious, with an ensuite, and his & her closets in the master bedroom.
Square One Condos at CityGate2 Building:
CityGate condos are located in the heart of Downtown Mississauga. The building offers condos, penthouses and some lives and work units. It uniquely offers a free shuttle bus service taking residents from the two CityGate buildings to Cooksville GO Station, and back. That’s one reason, why CityGate condos are so popular with people who commute to Downtown Toronto every day.
Two-Bedroom Suite with one washroom at Brickstone Mews
An immaculate two-bedroom suite was also recently sold by me for $319,900. It is a premium Suite with 10 feet ceilings and a huge 275 sq ft private patio. A split-bedroom floor plan with an ensuite and contemporary kitchen with granite counters, ceramic backsplash and modern cabinets.
Square One Condos at Parkside Village:
Parkside Village Condos are located in 30-acre master-planned Parkside Village development, a large-scale, mixed-use residential community in the heart of Mississauga’s City Centre area. The development will also eventually feature three acres of parkland as well as landscaped pedestrian streetscapes and a mix of residential and commercial spaces. The Parkside Village residents will eventually share 30,000 sq. ft. of indoor and outdoor amenities.
Square One Condo Market 2015 – Recently Bought Condos
One bedroom condo at One Park Tower
I recently bought my client a one bedroom unit in the luxurious One Park Tower condo building, one of the best buildings in Square one condo market. This 600 + sq ft condo come with a large living and dining area, walk in closet in bedroom and fantastic balcony overlooking North Mississauga. One can see Chicago condos, Limelight condos, Sheridan College, Hwy 403, and a beautiful sunset in the West from this unit. It comes with one parking and one locker. This was a fantastic deal, similar condos sell in $250K range.
Square One Condos – About One Park Tower
One Park by Daniels is a sophisticated building with a unique design and old world architecture. It is one of tallest condo towers at Square One Mississauga, adding to the beauty of downtown Mississauga’s skyline. The building boasts of Club 38 which offers city’s highest residential vantage point, internet cafe, outdoor terraces, multi-purpose room, fitness and leisure centre with a full-time recreation coordinator. Steam room, whirlpool and indoor pool complete the luxurious and active lifestyle for residents.
Two bedroom condo unit at The Mansion
This is a large 1250 sq ft condo with an open concept living dining, large two bedrooms, solarium and a separate balcony. My clients paid under $290 per sq. ft. for this fully upgraded suite. The suite comes with designer kitchen, two fully renovated washrooms, many modern and sophisticated upgrades.
Square One Condos – The Mansion, 55 Kingsbridge Garden Circle.
This is one of the premium condo buildings in Mississauga located five minutes away from Square One condo market. The building has a healthy reserve of funds and has recently spent over $1 million in overall upgrades. Still there is a handsome amount left to maintain the building for years to come. The building has immaculate and luxurious interiors and provides many amenities including a gym, indoor pool, sauna, an exclusive rooftop lounge, games room, party room, outdoor tennis courts, squash courts and a BBQ area.
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