$518,800 - 1001 Cedarglen Gate Unit 520, Mississauga
Condo for Sale in Mississauga
62 days on marketNeighbourhood: Erindale
- MLS Number
- W13089798
- Property Type
- Condo
- Status
- active
- Days on Site
- 62
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- East West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Discover elegance and comfort in this fully renovated 2-bedroom plus solarium executive condo, located in a beautifully maintained low-rise building. With a spacious open-concept design and abundant natural light from wrap-around windows, this condo offers a welcoming and airy atmosphere. The newly renovated kitchen features top-of-the-line appliances, sleek granite countertops, and ample storage, perfect for any culinary enthusiast. The master bedroom includes a luxurious ensuite bath and expansive walk-in closet. Both bathrooms showcase upgraded quartz vanities for a modern touch. Enjoy the convenience of nearby shopping, grocery stores, parks, schools, and UTM University campus. With Mississauga Transit at your doorstep, and easy access to highways 403, 401, QEW, and Cooksville GO, this location is ideal. The buildings common areas were fully renovated two years ago, ensuring a fresh and well-kept environment. Don't miss the opportunity to make this Exquisite Condo Your New Home!
Estimate your monthly payments for this property
Estimated Payment
$2,661.71/mo
Includes CMHC insurance ($14,475)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Nature and University Town Living
Erindale is a mature neighbourhood centered around the University of Toronto Mississauga campus and the scenic Credit River valley. The area offers a unique combination of natural beauty, academic culture, and established residential streets. Erindale Park, one of Mississauga's largest and most beautiful parks, anchors the community.
Why Live in Erindale
- •Adjacent to UTM campus
- •Credit River valley and trails
- •Erindale Park - one of Mississauga's finest
- •Mature trees and established streets
- •Strong rental market near university
Nearby Schools
Transit & Commuting
- •MiWay Route 110 to UTM
- •Easy access to Highway 403
- •Erindale GO Station (planned)
- •25-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Erindale Park
- •Credit River trails
- •Erindale Community Centre
- •UTM campus amenities
- •Riverwood Conservancy (nearby)
Lifestyle & Community
Erindale combines the serenity of nature with the vibrancy of a university community. Residents enjoy beautiful parks, academic culture, and a diverse, welcoming atmosphere.
1001 Cedarglen Gate Unit 520, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $432/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 62 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
About Erindale
I know Erindale well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.