$369,999 - 1275 Silver Spear Road Unit 401, Mississauga
Condo for Sale in Mississauga
123 days on marketNeighbourhood: Applewood
- MLS Number
- W12853372
- Property Type
- Condo
- Status
- active
- Days on Site
- 123
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 600 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- WEST-100 METRO VIEW REALTY LTD.
Bright, spacious and move-in ready 1-bed, 1-bath co-op in the heart of sought-after Applewood. Enjoy affordable, low-maintenance living with a monthly fee of $607.88 that includes utilities, property taxes, and cable, making budgeting simple and predictable.This well-maintained unit is located in a quiet, rarely available low-rise building surrounded by mature trees and a strong sense of community. The unit includes exclusive use of a parking space and storage locker. Inside, the bright layout features a dining area, a newly updated bathroom, and a private balcony, perfect for relaxing. Applewood is one of Mississauga's most established neighbourhoods, known for its convenience and community feel. Just minutes from Square One, Sherway Gardens, parks, schools, and everyday amenities, with easy access to highways 427, QEW, Gardiner, and 401, plus nearby MiWay transit.
Estimate your monthly payments for this property
Estimated Payment
$1,898.29/mo
Includes CMHC insurance ($10,323)
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.
Established Character and Convenience
Applewood is one of Mississauga's earliest suburbs, known for its mid-century homes, mature landscaping, and convenient central location. The neighbourhood offers excellent value with proximity to shopping, transit, and major employers. Applewood has maintained its character while benefiting from ongoing renovations and updates.
Why Live in Applewood
- •Central location with excellent access
- •Mature trees and established gardens
- •Strong community identity
- •Close to Dixie and Bloor shopping
- •Good value for the location
Nearby Schools
Transit & Commuting
- •Multiple MiWay bus routes
- •Dixie GO Station nearby
- •Easy access to Highway 401 and QEW
- •10-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Applewood Hills Park
- •Burnhamthorpe Community Centre (nearby)
- •Dixie Outlet Mall
- •Local shopping plazas
- •Community library
Lifestyle & Community
Applewood offers practical, comfortable living with excellent connectivity. The neighbourhood appeals to those seeking value in a central location with good transit access.
1275 Silver Spear Road Unit 401, 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 $617/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 123 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.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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 Applewood
I know Applewood 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.