1359 Rathburn Road Unit 308, Mississauga

Price: $429,900

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: W13452586

Welcome to this bright and spacious one-bedroom condominium featuring beautiful hardwood floors throughout and a modern open-concept layout designed for comfortable living and entertaining. Enjoy your private south-facing balcony, offering plenty of natural sunlight and lovely views. Residents have access to exceptional building amenities, including an indoor swimming pool and recently updated recreational facilities. Maintenance fees include all utilities, providing excellent value and peace of mind. Ideally located close to shopping, schools, parks, public transit, and the City Centre, this well-maintained condominium offers the perfect blend of convenience, comfort, and lifestyle. An excellent opportunity for first-time buyers, downsizers, or investors alike.

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$429,900 - 1359 Rathburn Road Unit 308, Mississauga

Condo for Sale in Mississauga

Neighbourhood: Rathwood

1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
W13452586
Property Type
Condo
Status
active
Days on Site
22
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Mississauga
Locker
Exclusive
Exposure
South
Balcony
Open
Listing Brokerage
SUTTON GROUP ELITE REALTY INC.
Description

Welcome to this bright and spacious one-bedroom condominium featuring beautiful hardwood floors throughout and a modern open-concept layout designed for comfortable living and entertaining. Enjoy your private south-facing balcony, offering plenty of natural sunlight and lovely views. Residents have access to exceptional building amenities, including an indoor swimming pool and recently updated recreational facilities. Maintenance fees include all utilities, providing excellent value and peace of mind. Ideally located close to shopping, schools, parks, public transit, and the City Centre, this well-maintained condominium offers the perfect blend of convenience, comfort, and lifestyle. An excellent opportunity for first-time buyers, downsizers, or investors alike.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,205.61/mo

Includes CMHC insurance ($11,994)

$
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5%10%50%

5-yr fixed avg.

Principal: $386,910Interest: $262,779
Mortgage Amount$398,904
Total Interest$262,779
Est. Property Tax$305/mo
Total Cost$661,683

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.

Ready to get pre-approved?

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Neighbourhood Guide: Rathwood

Family-Focused Community Living

Rathwood is a quiet, family-oriented neighbourhood in central Mississauga, known for its safe streets, good schools, and community amenities. The area offers a mix of townhomes and detached houses, many with mature landscaping and updates. Rathwood provides excellent value for families seeking a suburban lifestyle with urban convenience.

Why Live in Rathwood

  • Family-friendly atmosphere
  • Good schools and community programs
  • Affordable entry point for families
  • Quiet, safe residential streets
  • Close to major shopping centres

Nearby Schools

Lincoln Alexander Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Rathburn Public SchoolPublic Elementary
St. Bernadette Catholic SchoolCatholic Elementary

Transit & Commuting

  • Square One transit terminal nearby
  • MiWay bus routes
  • Highway 403 access
  • 15-minute drive to Toronto Pearson Airport

Parks & Amenities

  • Rathwood Community Park
  • Square One Shopping Centre (nearby)
  • Mississauga Central Library (nearby)
  • Local community centre
  • Multiple parks and playgrounds

Lifestyle & Community

Rathwood offers comfortable family living with excellent value. The neighbourhood is ideal for those seeking a safe, community-oriented environment near urban amenities.

55
Walk Score
$650K - $1.2M
Price Range

1359 Rathburn Road Unit 308, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$305
Insurance (est.)-$90
Net Cash Flow+$1,015

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $717/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 22 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.

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 Rathwood

I know Rathwood 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.

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    1359 Rathburn Road Unit 308, Mississauga | $429,900 | Battaglia Team