1. Hire a professional agent, you want to find an agent that will work for you and with you. What differentiates a good agent from an OK agent is how much they are committed to finding you a property; you want an agent who will work with you and understands your needs. It is a good idea to find one agent and work with him or her, it is never a good idea to work with different agents.
2. Get financial pre qualification, visit your preferred mortgage broker and get pre-qualified it will save you time and money. You want to figure out what your comfortable monthly payments will be and stick within your budget. Also keep in mind when you purchase a Mississauga Condo there will be a maintenance fee that you have to account into your monthly payment.
Looking at Condos
1. Be open minded to newer as well as older Mississauga Condos, some benefits that you will find in older condos such as Webb, Kaneff, Hillcrest and Tucana is the size, these building offer spacious layouts that you do not find in new buildings anymore.
2. Think about resale value of your Mississauga Condo most people live in condos as a transition period before they purchase a home. Eventually you might want to sell your unit remember a one plus den is more desirable over a 1 bedroom apartment. Avoid suited beside the garbage dispenser or elevators
3. Amenities are important factor when looking for a Square One condo in Mississauga, find out how much it will cost to rent out a party room, ask how many visitor parking spaces a building has and what are some restrictions (pets). Talk to some residents and ask about their experience in the building., find out what the ratio of tenant to owner is.
Making the Offer
1. Know the comparable sales of the building, the advantage of buying a Mississauga Condo as oppose to a house is the fact that apartments below and above are usually exactly identical, if the unit that you like ends in “05” find out recently sold stats for all “05” units in the same building. Your agent will provide this information for you.
2. When you make the offer make is conditional upon lawyer approval, financial approval and status certificate.
Many people think that investing in Real Estate such as Mississauga Condos is an easy way to make money. If you do the proper research it can be financially rewarding however it is also easy to make errors when selecting the property to invest into.
The trick is to break even or make some profit after paying all the costs and bills.
Research the area that you want to buy into, is it going up or not. A good indication is if a big retailer is building a store in the area such as Wal Mart, Tim Hortons, Lowes. These companies do a lot of research before narrowing down on location so its best to see any trends and upcoming big retailer.
Use a real estate agent who is knowledgeable in the area and has investment properties of their own , you can use their professions such as mortgage agent, property managers and lawyers.
If you own more then 4 units its best to find a property management company you don’t want to be dealing with tenant issues in the middle of the night. A good rule is 10% of rent should go towards property management company. They will also help you find tenants.
Don’t rush renting your unit out if its vacant , take your time qualifying potential candidates. If you rush this process and get a bad tenant it can potentially cost you more than a month of lost rent.
Buy and hold you property for a long term, you want to decrease your mortgage which will in turn build your equity.
Investing in real estate is not easy. But by taking the proper precautions, it can be very rewarding. There is lots of opportunities in investing in Square One Condos. This market has been growing very well.
Here is a narrow overview of what Square One Condos Have to Offer:
Absolute Ave Condo
Absolute condominiums are located at Hurontario and Burnhamthorpe. There are 5 towers in total, 50 Absolute, 60 Absolute, 70 Absolute, 80 Absolute and 90 Absolute. Each building offers something unique. There is 24 hour security gate that guards all of these towers.
Absolute Club is one of the largest clubs in the Square One Area. It offers:
Heated Outdoor Pool
Indoor Pool
BBQ Area
Exercise Room
Gym
Indoor Running/Walking Track
Party Room
Spa Salon (offer massages)
Billiard Room
Squash and Basketball Court
Burnhamthorpe Rd Condos
There are four main condo buildings on Burnhamthorpe:
200 Burnhamthorpe
Older building , however it offers large and spacious floor plans, located
right next to a ravine the condo is very affordable. Amenities include Exercise
Room, Outdoor Pool, Party/Meeting Room, Security System, Visitor Parking
220 Burnhamthorpe
Newer building less than 5 years old, low maintenance fees. Amenities include
Concierge, Guest Suites, Gym, Indoor Pool, Party/Meeting Room, Visitor Parking
310 Burnhamthorpe
The Grand Ovation Of Tridel, excellent location, steps to YMCA. Amenities
Exercise Room, Recreation Room, Sauna, Security Guard, Security System
155 Hillcrest Ave
Amenities – Security, Gym, Meeting Room, Roof Top Library, Billiards Room, Car Wash And More.
Kaneff Cres Condos
Kaneff community contains older, well established condo buildings, it boasts large spacious units. Nowadays it is rare to find 2 bedroom units with over 1000 sq ft, if this is what you are looking for then Kaneff is a perfect choice. There are 4 main buildings 3590 Kaneff, 3650 Kaneff, 3695 Kaneff, 3700 Kaneff. Amenities include Large heated indoor swimming pool Saunas Gymnasium, Tennis court, Fully equipped billiards room, ping pong room, party room, Large laundry room with comfortable, attractive lounge area, Bicycle storage room
Kariya Dr Mississauga
Kariya Dr offers us 3 unique condo buildings, this development is very new. If you are looking for a newer style condo then Kariya Dr is for you.
Elle – 3525 Kariya Dr. Built AMACON and it is 31 floors high, built in Summer 2010. Elle condos has wide selection of 1, 2 and 3 bedroom apartments. Amenities include 24 Hours Security, Security Guard, Indoor Pool, Gym, Sauna, Media Rm, Guest Suites
Eve – 3515 Kariya Only Two Years New Condo In Prime Location Of Hwy 10 & Central Parkway . It was completed in 2009, 32 story high. 1 to 3 bedroom units available. Eve club includes library,screening room,celebration room,games room,spa,lap pool,hot tub,sauna,fully equipped training room,patio and outdoor BBQ area
Eden -3504 Hurontario St – Eden was completed in 2006. amenities include library,screening room,celebration room,games room,spa,lap pool,hot tub,sauna,fully equipped training room,patio and outdoor BBQ area, underground car was bay and hotel-style guest suites.
Living Arts Dr Condos
4080, 4090 Living Arts Dr, Capital Condos are built by Daniel in 2005, the building is located a short walking distance to Square One, Living Arts Center, City Hall, the Central Library, Sheridan College and the YMCA. It offer 14,000 sq ft recreational centre with amenities including Gym, Pool, Sauna, Bbq Area, Party Room, Concierge, Visitors Parking, And More
330 Princess Royal Dr (North Garden Villa) and 320 City Center (South Garden Villa) – 4 floor connecting building between the two living arts towers.
It offers a quieter environment with separate entrance but it still shares the great amenities that Capital Towers have to offer.
Prince of Wales Condos
385 Prince of Wales – The Chicago is another addition from Daniels to Mississauga skyline. The building was complete in 2011, it is one of the newest condo buildings around Square One. The building offers amazing 17,000 square feet of amenities on the 8th floor including Gym, with Cardio and Weight Equipment, 30 Foot Climbing Wall, Virtual Golf Room, Indoor Pool, Great Meeting Rooms, Indoor/Outdoor Lounge for entertaining
388 Prince of Wales – One Park Tower, 38-story luxurious condo building is one of the most requested buildings to live in, in Mississauga. Club 38 is an entertainment complex which offers party room, lounge and board rooms. Amenities include 24 Hrs Concierge, Indoor Pool, Hot Tub, Fully Equipped Exercise Room and gym
Rathburn Condos
335 Rathburn Universal Condos – Built by The Conservatory Group, this 22 storey building is only 2 years old. Walking distance to Square one, YMCA, Central Library, Theatres and public transport. amenities include a state-of-the-art fitness room, indoor swimming pool, Whirlpool, Sauna, whirlpool, bowling lanes, billiards, Aerobics Room, home theatre, conference centre, Modern Party Room
330 & 350 Rathburn Rd The Centre I and II – Older well established, The two towers are located across the street from Square one Mall, Sheridan College. Amenities: Security Guard, Security System, Indoor Pool, Recreation Room, Exercise Room, Sauna
Mirage – Mississauga’s newest development by the Conservatory Group. Located on Ratburn and Confederation. Contact me directly if you would like more information about this brand new development.
Webb Dr Condos
223 Webb Dr Onyx – Only 1 year old, this 35 storys high condo offers 347 suites and two storey lofts. Amenities: Yoga Studio, Gym, Swimming Pool, Hot Tub, Rooftop Terrace/Party Room.
225 Webb Solstice – Built by Davies Smiths, 375 units including lofts. Suite size start from approx. 500 sq. ft. to 1,500 sq. ft for penthouse suites Amenities: Concierge, Exercise Room, Guest Suites, Gym, Indoor Pool, Sauna
250 Webb – The Odyssey. Amenities include exercise rooms and gym, pool, beautiful kept gardens, (BBQ facilities sometimes offered), whirlpool, sauna, racquet/tennis/squash, billiards
300 Webb –Club One Condos . Amenities: Gym, Party/Meeting Room, Recreation Room, Sauna, Security System
325 & 335 Webb Monarchy – built in late 90s by Monarch Group. Suites do not have open balconies, only enclosed solarium. Amenities include Squash Courts, Indoor Swimming Pool, Men’s & Women’s Sauna , Whirlpool, Exercise Room, Party Room, Lounge area
400 Webb – Large , spacious units with great layouts Amenities include Indoor Pool, Exclusive Locker, Exercise Room, Fitness Centre (Ultra Modern), Recreation Room, Sauna (His/Her), Security, Tennis Court, SPA, Party Room and Kitchens, Great Room,
500 Webb The Phoenix – Amenities include gym, sauna, tennis and racquetball courts, a recreation room and an outdoor pool.
