50 Absolute Avenue Unit 802, Mississauga

Price: $365,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: W13615678

Welcome to upscale condo living at 50 Absolute Ave, situated in one of Mississauga's most iconic landmark communities! This bright 1-bedroom, 1-bathroom residence offers a highly functional and spacious layout, complete with an included parking space. The open-concept living area draws in abundant natural light, creating an inviting space to relax or entertain. Residents gain access to world-class amenities-including indoor and outdoor pools, a fully equipped fitness center, basketball and squash courts, party lounges, and 24-hour concierge service. Unbeatable location just steps from Square One Shopping Centre, Celebration Square, transit, and dining, with seamless access to major highways. An ideal turnkey opportunity for first-time buyers, urban professionals, or savvy real estate investors!

50 Absolute Avenue Unit 802 - Condo photo 1 of 17 in Mississauga, Ontario
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New Listing
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$365,000 - 50 Absolute Avenue Unit 802, Mississauga

Condo for Sale in Mississauga

New — Listed yesterday

Neighbourhood: City Centre

1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
W13615678
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Mississauga
Locker
Exclusive
Exposure
West
Balcony
Open
Listing Brokerage
RE/MAX REAL ESTATE CENTRE INC.
Description

Welcome to upscale condo living at 50 Absolute Ave, situated in one of Mississauga's most iconic landmark communities! This bright 1-bedroom, 1-bathroom residence offers a highly functional and spacious layout, complete with an included parking space. The open-concept living area draws in abundant natural light, creating an inviting space to relax or entertain. Residents gain access to world-class amenities-including indoor and outdoor pools, a fully equipped fitness center, basketball and squash courts, party lounges, and 24-hour concierge service. Unbeatable location just steps from Square One Shopping Centre, Celebration Square, transit, and dining, with seamless access to major highways. An ideal turnkey opportunity for first-time buyers, urban professionals, or savvy real estate investors!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$1,872.64/mo

Includes CMHC insurance ($10,184)

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5-yr fixed avg.

Principal: $328,500Interest: $223,108
Mortgage Amount$338,684
Total Interest$223,108
Est. Property Tax$259/mo
Total Cost$561,792

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

50 Absolute Avenue Unit 802, 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)
3.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$259
Insurance (est.)-$76
Net Cash Flow+$1,075

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 $608/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 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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    50 Absolute Avenue Unit 802, Mississauga | $365,000 | Battaglia Team