$499,000 - 388 Prince of Wales Drive Unit 406, Mississauga
Condo for Sale in Mississauga
New — Listed yesterdayNeighbourhood: City Centre
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- MLS Number
- W13806250
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- North West
- Balcony
- Juliette
- Listing Brokerage
- RE/MAX REALTY SPECIALISTS INC.
Welcome to the Vienna model at 388 Prince of Wales Drive, a massive corner unit impeccably maintained in the absolute heart of Mississauga City Centre. This bright and functional 2+1 bedroom, 2-bathroom suite offers 961 square feet of open-concept living space, highlighted by hardwood flooring throughout the principal rooms. The spacious layout features completely separated living and dining/den areas, making it ideal for a formal dining room, home office, or quiet study. The absolute showstopper is the incredible wrap-around terrace-a walk-out from the living area overlooking the front and side courtyards. The recently refinished kitchen comes complete with stainless steel appliances, tile flooring, and ample cabinetry, seamlessly overlooking the main living and dining spaces. Retreat to the primary bedroom featuring a walk-in closet and a 4-piece ensuite, alongside a generously sized second bedroom boasting a large window and closet. Residents enjoy resort-style living with world-class amenities, including a 24-hour concierge, indoor pool, sauna, fitness centre, rooftop terrace, party room, guest suites, and a golf simulator. Steps from Square One Shopping Centre, Celebration Square, Sheridan College, public transit, restaurants, and entertainment, this move-in-ready condo offers the perfect blend of luxury, comfort, and urban convenience.
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
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 406, 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 $554/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.
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 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.