640 Rathburn Road Unit 8, Mississauga

Price: $749,900

3 bedrooms, 2 bathrooms

1,600 sqft

Property Type: Condo

MLS#: W13836396

One of the widest & largest properties in the complex ! End unit that feels like semi detach; very rare double door entrance leading up to fully renovated and updated living space. With almost 1800sqft, this spacious unit leaves nothing to be desired. Sunken living room with 20ft ceiling and pot lights, built in fireplace, overlooking the private and secluded backyard. Formal dining room, that leads to modern, gourmet delight open concept kitchen, with plenty of cabinets and rare 2 separate sinks and large windows. Hardwood thru ought; Designer colors, renovated bathrooms; Please note, Owners have installed efficient ductless 4 zone HEAT PUMP system, that provides heating and cooling thru entire property, with separate controls for each zone, thus , significantly reducing electrical bills. 2nd floor windows are being installed by the end of this week. In addition to basement, there is a large crawl space to store all of your seasonals. Please note, some phots are from the previous listing and some of the furniture might be different;

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active
New Listing

$749,900 - 640 Rathburn Road Unit 8, Mississauga

Condo for Sale in Mississauga

New — Listed yesterday

Neighbourhood: Rathwood

3Beds
2Baths
1,600Sq Ft
Condo

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Property Details
MLS Number
W13836396
Property Type
Condo
Status
active
Days on Site
1
Bedrooms
3
Bathrooms
2
Square Feet
1,600 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
East West
Balcony
None
Listing Brokerage
SUTTON GROUP ELITE REALTY INC.
Description

One of the widest & largest properties in the complex ! End unit that feels like semi detach; very rare double door entrance leading up to fully renovated and updated living space. With almost 1800sqft, this spacious unit leaves nothing to be desired. Sunken living room with 20ft ceiling and pot lights, built in fireplace, overlooking the private and secluded backyard. Formal dining room, that leads to modern, gourmet delight open concept kitchen, with plenty of cabinets and rare 2 separate sinks and large windows. Hardwood thru ought; Designer colors, renovated bathrooms; Please note, Owners have installed efficient ductless 4 zone HEAT PUMP system, that provides heating and cooling thru entire property, with separate controls for each zone, thus , significantly reducing electrical bills. 2nd floor windows are being installed by the end of this week. In addition to basement, there is a large crawl space to store all of your seasonals. Please note, some phots are from the previous listing and some of the furniture might be different;

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,847.38/mo

Includes CMHC insurance ($20,922)

$
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5-yr fixed avg.

Principal: $674,910Interest: $458,381
Mortgage Amount$695,832
Total Interest$458,381
Est. Property Tax$531/mo
Total Cost$1,154,213

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: Rathwood

Family-Focused Community Living

Rathwood is a quiet, family-oriented neighbourhood in central Mississauga, known for its safe streets, good schools, and community amenities. The area offers a mix of townhomes and detached houses, many with mature landscaping and updates. Rathwood provides excellent value for families seeking a suburban lifestyle with urban convenience.

Why Live in Rathwood

  • •Family-friendly atmosphere
  • •Good schools and community programs
  • •Affordable entry point for families
  • •Quiet, safe residential streets
  • •Close to major shopping centres

Nearby Schools

Lincoln Alexander Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Rathburn Public SchoolPublic Elementary
St. Bernadette Catholic SchoolCatholic Elementary

Transit & Commuting

  • •Square One transit terminal nearby
  • •MiWay bus routes
  • •Highway 403 access
  • •15-minute drive to Toronto Pearson Airport

Parks & Amenities

  • •Rathwood Community Park
  • •Square One Shopping Centre (nearby)
  • •Mississauga Central Library (nearby)
  • •Local community centre
  • •Multiple parks and playgrounds

Lifestyle & Community

Rathwood offers comfortable family living with excellent value. The neighbourhood is ideal for those seeking a safe, community-oriented environment near urban amenities.

55
Walk Score
$650K - $1.2M
Price Range

640 Rathburn Road Unit 8, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,240/mo
Range: $2,754 - $3,726
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,240
Maintenance Fees-$1,040
Property Tax (est.)-$531
Insurance (est.)-$156
Net Cash Flow+$1,513

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 $469/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.

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.

About Rathwood

I know Rathwood 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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    640 Rathburn Road Unit 8, Mississauga | $749,900 | Battaglia Team