3525 Kariya Drive Unit 502, Mississauga

Price: $579,000

1 bedrooms, 1 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: W13064592

RARE FIND, LIMITED UNITS IN THE BUILDING. Huge Wrap Around Terrace!! This Corner Unit With Floor To Ceiling Windows Is 700 Sq Ft Of Excellent Layout. An Excellent Opportunity For Investors Or End-Users. This High Income Generating Unit Is Ideally Located In The Heart Of Mississauga's City Centre. Featuring A Functional Open-Concept Layout. This Well-Appointed Unit Offers Generous Living And Dining Space With Large Floor-To-Ceiling Windows Providing Abundant Natural Light. New Flooring And Fresh Paint Throughout, Offering A Modern, Move-In Ready Space. The Spacious Living Area Extends To A Rare, Oversized Private Terrace, Perfect For Entertaining Or Relaxing While Enjoying Stunning, Unobstructed City Views. Just Steps To Square One Shopping Centre, Transit, Parks, And All Major Amenities, With Easy Access To Highways 403/410/QEW.

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$579,000 - 3525 Kariya Drive Unit 502, Mississauga

Condo for Sale in Mississauga

65 days on market

Neighbourhood: Hurontario

1Beds
1Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
W13064592
Property Type
Condo
Status
active
Days on Site
65
Bedrooms
1
Bathrooms
1
Square Feet
700 - 1,099 sqft
Neighbourhood
Mississauga
Locker
Owned
Exposure
West
Balcony
Terrace
Listing Brokerage
RE/MAX COMMUNITY REALTY INC.
Description

RARE FIND, LIMITED UNITS IN THE BUILDING. Huge Wrap Around Terrace!! This Corner Unit With Floor To Ceiling Windows Is 700 Sq Ft Of Excellent Layout. An Excellent Opportunity For Investors Or End-Users. This High Income Generating Unit Is Ideally Located In The Heart Of Mississauga's City Centre. Featuring A Functional Open-Concept Layout. This Well-Appointed Unit Offers Generous Living And Dining Space With Large Floor-To-Ceiling Windows Providing Abundant Natural Light. New Flooring And Fresh Paint Throughout, Offering A Modern, Move-In Ready Space. The Spacious Living Area Extends To A Rare, Oversized Private Terrace, Perfect For Entertaining Or Relaxing While Enjoying Stunning, Unobstructed City Views. Just Steps To Square One Shopping Centre, Transit, Parks, And All Major Amenities, With Easy Access To Highways 403/410/QEW.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,970.57/mo

Includes CMHC insurance ($16,154)

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5%10%50%

5-yr fixed avg.

Principal: $521,100Interest: $353,917
Mortgage Amount$537,254
Total Interest$353,917
Est. Property Tax$410/mo
Total Cost$891,171

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: Hurontario

Discover Hurontario

Hurontario 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 Hurontario

  • 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

Hurontario 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

3525 Kariya Drive Unit 502, 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)
1.7%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$455
Property Tax (est.)-$410
Insurance (est.)-$121
Net Cash Flow+$814

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 $827/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.

Negotiation Opportunity

At 65 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 700 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 Hurontario

I know Hurontario 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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    3525 Kariya Drive Unit 502, Mississauga | $579,000 | Battaglia Team