1360 Rathburn Road Unit 1603, Mississauga

Price: $409,000

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W13423276

Spacious 1,115 sq. ft. corner unit in a well-managed luxury building, offering comfort, convenience, and excellent value. This bright suite features a functional layout filled with natural light, including a generous living and dining area and a versatile solarium - perfect as a home office, reading nook, or breakfast space. The unit offers two well-sized bedrooms and two full bathrooms, making it ideal for a variety of lifestyles. Large windows throughout provide expansive views and an airy feel. Enjoy all-inclusive living with heat, hydro, water, and cable TV included in the maintenance fee - adding even more value and peace of mind. Located in a prime Mississauga location, you're just steps to transit and a short drive to Pearson Airport. Close to shopping, parks, and major highways, this is a fantastic opportunity to live in a convenient and connected neighbourhood.

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$409,000 - 1360 Rathburn Road Unit 1603, Mississauga

Condo for Sale in Mississauga

Neighbourhood: Rathwood

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W13423276
Property Type
Condo
Status
active
Days on Site
28
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Locker
Exclusive
Exposure
North West
Balcony
None
Listing Brokerage
RIGHT AT HOME REALTY
Description

Spacious 1,115 sq. ft. corner unit in a well-managed luxury building, offering comfort, convenience, and excellent value. This bright suite features a functional layout filled with natural light, including a generous living and dining area and a versatile solarium - perfect as a home office, reading nook, or breakfast space. The unit offers two well-sized bedrooms and two full bathrooms, making it ideal for a variety of lifestyles. Large windows throughout provide expansive views and an airy feel. Enjoy all-inclusive living with heat, hydro, water, and cable TV included in the maintenance fee - adding even more value and peace of mind. Located in a prime Mississauga location, you're just steps to transit and a short drive to Pearson Airport. Close to shopping, parks, and major highways, this is a fantastic opportunity to live in a convenient and connected neighbourhood.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,098.38/mo

Includes CMHC insurance ($11,411)

$
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5-yr fixed avg.

Principal: $368,100Interest: $250,004
Mortgage Amount$379,511
Total Interest$250,004
Est. Property Tax$290/mo
Total Cost$629,515

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.

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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

1360 Rathburn Road Unit 1603, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.9%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$290
Insurance (est.)-$85
Net Cash Flow+$1,335

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 $409/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.

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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    1360 Rathburn Road Unit 1603, Mississauga | $409,000 | Battaglia Team