350 Princess Royal Drive Unit 1002, Mississauga

Price: $455,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: W13461506

Welcome to effortless senior living in the heart of Mississauga's vibrant City Centre! This beautifully maintained 1-bedroom, 1-bath condominium offers comfort, convenience, and an ideal lifestyle for downsizers and retirees seeking a low-maintenance, community-focused lifestyle.Inside, enjoy elegant hardwood flooring throughout the living and dining area, a spacious bedroom with laminate flooring and partial lake view, that comfortably accommodates a king-size bed, a stylish kitchen featuring quartz countertops and a modern backsplash, and a generously sized balcony perfect for morning coffee or relaxing outdoors. Bright and functional living spaces create the perfect setting for comfortable everyday living.Residents of Amica at City Centre enjoy access to exceptional amenities and optional lifestyle services, including 24-hour concierge/security, elegant dining facilities with optional meal programs, an indoor pool, fitness centre, theatre room, media and games rooms, library, hobby and craft room, beauty salon, café, and an inviting English-style pub. The building is exceptionally maintained and offers a welcoming atmosphere with community programs and activities designed to support an active and social lifestyle.Ideally located in one of Mississauga's most walkable neighbourhoods, just minutes to Square One Shopping Centre, Celebration Square, Living Arts Centre, YMCA, City Hall, public library, restaurants, cafés, parks, medical services, transit, and easy access to Highways 403, 401, 407 and 410. Leave the car behind and enjoy the convenience of having everyday essentials, entertainment, and services right at your doorstep.

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$455,000 - 350 Princess Royal Drive Unit 1002, Mississauga

Condo for Sale in Mississauga

Neighbourhood: City Centre

1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
W13461506
Property Type
Condo
Status
active
Days on Site
18
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Mississauga
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
RE/MAX ABOUTOWNE REALTY CORP.
Description

Welcome to effortless senior living in the heart of Mississauga's vibrant City Centre! This beautifully maintained 1-bedroom, 1-bath condominium offers comfort, convenience, and an ideal lifestyle for downsizers and retirees seeking a low-maintenance, community-focused lifestyle.Inside, enjoy elegant hardwood flooring throughout the living and dining area, a spacious bedroom with laminate flooring and partial lake view, that comfortably accommodates a king-size bed, a stylish kitchen featuring quartz countertops and a modern backsplash, and a generously sized balcony perfect for morning coffee or relaxing outdoors. Bright and functional living spaces create the perfect setting for comfortable everyday living.Residents of Amica at City Centre enjoy access to exceptional amenities and optional lifestyle services, including 24-hour concierge/security, elegant dining facilities with optional meal programs, an indoor pool, fitness centre, theatre room, media and games rooms, library, hobby and craft room, beauty salon, café, and an inviting English-style pub. The building is exceptionally maintained and offers a welcoming atmosphere with community programs and activities designed to support an active and social lifestyle.Ideally located in one of Mississauga's most walkable neighbourhoods, just minutes to Square One Shopping Centre, Celebration Square, Living Arts Centre, YMCA, City Hall, public library, restaurants, cafés, parks, medical services, transit, and easy access to Highways 403, 401, 407 and 410. Leave the car behind and enjoy the convenience of having everyday essentials, entertainment, and services right at your doorstep.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,334.39/mo

Includes CMHC insurance ($12,695)

$
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5-yr fixed avg.

Principal: $409,500Interest: $278,121
Mortgage Amount$422,195
Total Interest$278,121
Est. Property Tax$322/mo
Total Cost$700,316

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: City Centre

Discover City Centre

City Centre is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in City Centre

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

City Centre offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

350 Princess Royal Drive Unit 1002, 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)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$322
Insurance (est.)-$95
Net Cash Flow+$993

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 $758/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 18 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 City Centre

I know City Centre 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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    350 Princess Royal Drive Unit 1002 | $455,000 | Battaglia Team