3009 Novar Road Unit 226, Mississauga

Price: $549,990

3 bedrooms, 2 bathrooms

600 sqft

Property Type: Condo

MLS#: W13805506

Welcome to Arte Residences! This bright and thoughtfully designed 2-bedroom + den, 2-bathroom suite offers 699 sq. ft. of interior living space plus an impressive 150 sq. ft. private terrace, providing an exceptional blend of indoor and outdoor living. The open-concept layout features floor-to-ceiling windows, vinyl flooring throughout, and abundant natural light. The modern kitchen is equipped with quartz countertops, stylish backsplash, stainless steel appliances, ample cabinetry, and contemporary finishes. Enjoy the convenience of in-suite laundry and two full bathrooms. The versatile den provides the perfect space for a home office, study, or additional living area. Residents enjoy access to premium building amenities including a fully equipped fitness centre, yoga studio, rooftop patio with outdoor bar, garden and BBQ area, concierge, stylish lobby, and party room. Ideally located close to transit, shopping, restaurants, parks, and Square One. Enjoy convenient access to Cooksville GO, a 15-20 minute bus ride to U of T Mississauga and Sheridan College, and quick access to the QEW. A fantastic opportunity for professionals, families, students, or investors seeking a well-connected Mississauga lifestyle with the rare benefit of a spacious private terrace. Unit Includes 1 Parking and 1 Locker!

3009 Novar Road Unit 226 - Condo photo 1 of 18 in Mississauga, Ontario
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New Listing
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$549,990 - 3009 Novar Road Unit 226, Mississauga

Condo for Sale in Mississauga

New — Listed 2 days ago

Neighbourhood: Cooksville

3Beds
2Baths
600Sq Ft
Condo

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Property Details
MLS Number
W13805506
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
2
Square Feet
600 sqft
Neighbourhood
Mississauga
Locker
Owned
Exposure
North East
Balcony
Terrace
Listing Brokerage
DYNASTY ESTATES REALTY INC.
Description

Welcome to Arte Residences! This bright and thoughtfully designed 2-bedroom + den, 2-bathroom suite offers 699 sq. ft. of interior living space plus an impressive 150 sq. ft. private terrace, providing an exceptional blend of indoor and outdoor living. The open-concept layout features floor-to-ceiling windows, vinyl flooring throughout, and abundant natural light. The modern kitchen is equipped with quartz countertops, stylish backsplash, stainless steel appliances, ample cabinetry, and contemporary finishes. Enjoy the convenience of in-suite laundry and two full bathrooms. The versatile den provides the perfect space for a home office, study, or additional living area. Residents enjoy access to premium building amenities including a fully equipped fitness centre, yoga studio, rooftop patio with outdoor bar, garden and BBQ area, concierge, stylish lobby, and party room. Ideally located close to transit, shopping, restaurants, parks, and Square One. Enjoy convenient access to Cooksville GO, a 15-20 minute bus ride to U of T Mississauga and Sheridan College, and quick access to the QEW. A fantastic opportunity for professionals, families, students, or investors seeking a well-connected Mississauga lifestyle with the rare benefit of a spacious private terrace. Unit Includes 1 Parking and 1 Locker!

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Estimated Payment

$2,821.73/mo

Includes CMHC insurance ($15,345)

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5-yr fixed avg.

Principal: $494,991Interest: $336,184
Mortgage Amount$510,336
Total Interest$336,184
Est. Property Tax$390/mo
Total Cost$846,520

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: Cooksville

Downtown Mississauga Living

Cooksville is Mississauga's original downtown, centered around the intersection of Hurontario and Dundas. Today, the neighbourhood is experiencing significant intensification with new high-rise developments joining established residential areas. Cooksville offers excellent transit connectivity and is positioned to benefit from the Hurontario LRT.

Why Live in Cooksville

  • Central downtown Mississauga location
  • Future Hurontario LRT stop
  • Diverse dining and shopping options
  • Excellent transit connections
  • Mix of high-rise and low-rise housing

Nearby Schools

Gordon Graydon Memorial SSPublic High School
Cawthra Park Secondary SchoolPublic High School
Floradale Public SchoolPublic Elementary
Holy Name of Mary Catholic SchoolCatholic Elementary

Transit & Commuting

  • Cooksville GO Station
  • Future Hurontario LRT
  • Major MiWay hub
  • Easy access to Highway 403 and QEW

Parks & Amenities

  • Cooksville Creek Trail
  • Mississauga Central Library
  • Celebration Square (nearby)
  • Diverse restaurants and shops
  • Community health services

Lifestyle & Community

Cooksville offers urban convenience with multicultural vibrancy. The neighbourhood is ideal for those who prioritize transit access and diverse amenities.

78
Walk Score
$400K - $900K
Price Range

3009 Novar Road Unit 226, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,600/mo
Range: $2,210 - $2,990
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,600
Maintenance Fees-$390
Property Tax (est.)-$390
Insurance (est.)-$115
Net Cash Flow+$1,705

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

Fair Market Value

At $917/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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.

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    3009 Novar Road Unit 226, Mississauga | $549,990 | Battaglia Team