$398,000 - 2485 Woking Crescent Unit 401, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Sheridan
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- MLS Number
- W13761382
- Property Type
- Condo
- Status
- active
- Days on Site
- 25
- Bedrooms
- 3
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $2,453
- Maintenance Fees
- $738/mo
- Locker
- Ensuite
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Space is the standout feature at 2485 Woking Cres #401. Fully renovated in 2022, this well laid out 3 bedroom suite offers generous living areas, a bright southwest exposure and a private balcony that adds valuable outdoor space. Located in the established Sheridan Homelands neighbourhood, the building is close to parks, schools, shopping, transit and major commuter routes including the QEW and Highway 403. With the flexibility of three full bedrooms, updated finishes and a practical layout, this home is a great fit for families, downsizers needing extra space or buyers looking for more room than the typical condo offers.
Estimate your monthly payments for this property
Estimated Payment
$2,041.95/mo
Includes CMHC insurance ($11,104)
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.
Academic Excellence and Green Living
Sheridan is anchored by Sheridan College's main campus and offers a blend of student housing, family homes, and new developments. The neighbourhood benefits from significant green space along the Credit River and is known for its creative, academic atmosphere.
Why Live in Sheridan
- •Sheridan College main campus
- •Credit River access and trails
- •Growing residential development
- •Creative and academic community
- •Good transit connections
Nearby Schools
Transit & Commuting
- •MiWay bus routes to Sheridan College
- •Highway 403 access
- •Planned transit improvements
- •25-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Riverwood Conservancy
- •Credit River trails
- •Sheridan College facilities
- •Erin Mills Town Centre (nearby)
- •Community parks
Lifestyle & Community
Sheridan offers a creative, academic atmosphere with excellent access to nature. The neighbourhood appeals to students, faculty, and families who value education and outdoor recreation.
2485 Woking Crescent 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 $442/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 25 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. The $738/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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.
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.