$535,000 - 388 Prince Of Wales Drive Unit 2511, Mississauga
Condo for Sale in Mississauga
Popular ListingNeighbourhood: City Centre
- MLS Number
- W13657696
- Property Type
- Condo
- Status
- active
- Days on Site
- 13
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- RE/MAX OPTIMUM REALTY
Welcome to this bright and spacious south-facing 1+1 bedroom, 2-bathroom condo in the heart of Mississauga City Centre. Located on the 25th floor, this beautifully maintained suite features high ceilings and breathtaking views of the city skyline extending toward Lake Ontario. The open-concept living and dining area offers vinyl flooring and a walkout to a private balcony. The kitchen features granite countertops, a mirrored backsplash, breakfast bar and stainless steel appliances.The generous primary bedroom includes a mirrored closet and private 4-piece ensuite, while the versatile den is perfect for a home office, guest room or additional living space. Enjoy convenient ensuite laundry, one owned underground parking space and an owned locker, both located near the elevators.Thoughtfully upgraded with fresh paint, a new front-loading washer and dryer, stylish light fixtures, rain showers and washroom grab bars. Low maintenance fees include heat, water, central air conditioning, parking, building insurance and common elements.Outstanding building amenities include 24-hour concierge and security, gym, indoor pool and hot tub, rooftop party room, meeting rooms/library, rooftop deck and garden with BBQ area, billiards, golf simulator, elegant lounge, e-locker room, four elevators and ample underground visitor parking. The building also opens directly onto a public park and dog run.Amazing location just steps to Square One, Celebration Square, City Hall, Living Arts Centre, Sheridan College, Cineplex, restaurants, Starbucks, MiWay, GO Transit and the Hurontario LRT. A fantastic opportunity to enjoy downtown Mississauga living with exceptional amenities, convenience and incredible views.
Estimate your monthly payments for this property
Estimated Payment
$2,744.83/mo
Includes CMHC insurance ($14,927)
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.
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
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.
388 Prince Of Wales Drive Unit 2511, 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 $764/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.
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 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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,229 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.