$485,000 - 966 Inverhouse Drive Unit 1506, Mississauga
Condo for Sale in Mississauga
44 days on marketNeighbourhood: Clarkson
- MLS Number
- W13167674
- Property Type
- Condo
- Status
- active
- Days on Site
- 44
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Mississauga
- Locker
- Ensuite
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- SHORELINE REALTY CORP.
Fabulous panoramic vuew of T.O skyline and Lake Ontario. Spacious three-bedroom condo offers something that is becoming harder to find in South Mississauga: real square footage, a practical layout, and a price point that leaves room to make it your own. With over 1,000 square feet of living space, two full bathrooms, one underground parking space, and an oversized ensuite locker, this is the kind of property that makes sense for first-time buyers, downsizers, commuters, and anyone looking for value in a well-established neighbourhood. Inside, the layout is functional. The living and dining areas are generously sized, giving you enough room to properly furnish the space. The unit has been well maintained over the years and presents an opportunity that many buyers actively search for but rarely find in this area: a clean, move-in ready condo with room to personalize over time. One of the standout features is the large covered east-facing balcony. It extends the living space nicely and brings in plenty of natural sunlight through the morning and into the afternoon. The building itself is known for offering a wide range of amenities. Residents have access to an outdoor tennis court, picnic tables, a library and games room, and a parcel room. Clarkson continues to be one of South Mississauga's most sought-after neighbourhoods. From this address, you are less than a 15-minute walk to Clarkson GO Station. Everyday errands are easy with Metro, Canadian Tire, and the LCBO all located nearby. The property also falls within the boundaries for Clarkson Public School and Clarkson Secondary School. Condos in this part of Mississauga often force buyers to choose between location and space. This unit manages to offer both. Unit #1506 presents an opportunity for buyers who recognize the value of good fundamentals. In a market where many condos feel temporary, this one feels like a home people can settle into for years.
Estimate your monthly payments for this property
Estimated Payment
$2,488.30/mo
Includes CMHC insurance ($13,532)
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.
Family Living with Village Charm
Clarkson is a well-established family neighbourhood in south Mississauga, known for its excellent schools, community spirit, and convenient location. The area features a mix of housing styles from post-war bungalows to modern family homes, all centered around the charming Clarkson Village core with its local shops and restaurants.
Why Live in Clarkson
- •Excellent schools including Clarkson Secondary
- •Charming village core with local businesses
- •Family-friendly parks and recreation
- •Clarkson GO Station for easy commuting
- •Active community associations
Nearby Schools
Transit & Commuting
- •Clarkson GO Station - direct line to Union Station
- •MiWay bus connections
- •Easy access to QEW and Highway 403
- •20-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Clarkson Community Centre
- •Rattray Marsh Conservation Area
- •Richard's Memorial Park
- •Clarkson Village shops and restaurants
- •Local library branch
Lifestyle & Community
Clarkson offers excellent value for families seeking good schools and a strong community. The neighbourhood provides suburban comfort with easy GO Train access for commuters.
966 Inverhouse Drive Unit 1506, 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 $485/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.
Market Position
At 44 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 Clarkson
I know Clarkson 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.