$532,000 - 1001 Cedarglen Gate Unit PH 720, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Erindale
- MLS Number
- W13418284
- Property Type
- Condo
- Status
- active
- Days on Site
- 28
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- South West
- Balcony
- None
- Listing Brokerage
- BAY STREET GROUP INC.
Welcome to this beautifully maintained Penthouse-level condo in the highly desirable Erindale community of Mississauga! Offering 2 spacious bedrooms with an enclosed balcony, 2 full bathrooms, and 1,044 sq. ft. of bright and functional living space, this move-in-ready suite is perfect for first-time buyers, professionals, and investors alike. | The thoughtfully designed layout features a large open-concept living and dining area, providing plenty of room to relax, entertain, and enjoy everyday living. The enclosed balcony/solarium adds valuable extra space and can be used as a home office, reading room, guest area, or cozy retreat. Both bathrooms were beautifully renovated in 2022. The ensuite bathroom showcases a premium brushed nickel thermostatic shower column, delivering a luxurious spa-like experience in the comfort of your own home. The second bedroom is generously sized, making it ideal for family members, guests, or additional workspace. | Located in the well-managed Lansdowne Condo, residents enjoy exceptional amenities including an indoor pool, spa, sauna, fitness centre, party room with fireplace, guest suite, bike storage, and ample visitor parking. Maintenance fees include heat, hydro, water, air conditioning, building insurance, common elements, parking, and locker (exclusive use), providing excellent value and worry-free living. | Surrounded by parks, walking trails, shopping, restaurants, and everyday conveniences, this home is also close to high-rated schools, the University of Toronto Mississauga, Huron Park Recreation Centre, Erindale GO Station, Cooksville GO Station, and major highways including the 403, 401, and QEW. Golf lovers will appreciate being just minutes from Credit Valley Golf & Country Club. | Rarely do you find such an affordable and spacious Penthouse suite offering comfort, convenience, and outstanding value in one of Mississauga's most established neighbourhoods. Do not miss this incredible opportunity in a prime location!
Estimate your monthly payments for this property
Estimated Payment
$2,729.44/mo
Includes CMHC insurance ($14,843)
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 PH 720, 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 $532/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.
Market Position
At 28 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.