Number of High-Rise Condominiums and Townhomes for sale in the Square One City Centre Area and the Central Erin Mills area of Mississauga

There are many high-rise condos and townhomes for sale in the central City Centre (Square One) and Central Erin Mills areas of Mississauga - as of April 13, 2015 

This area is bounded by 403 to Webb Drive, Confederation to just east of Robert Speck Parkway, see the map below for exact boundaries.

The number of condos for sale in the City Centre area of Mississauga are:

·         bachelor condos for sale - 10

·         1 bedroom condos for sale - 208

·         2 bedroom condos for sale - 222

·         3 bedroom condos for sale - 12

The number of townhomes for sale in the City Centre area of Mississauga are:

·         bachelor condos for sale - 0

·         1 bedroom townhomes for sale - 7

·         2 bedroom townhomes for sale - 14

·         3 bedroom townhomes for sale - 8

Central Erin Mills is bounded by Britannia and the 403, Winston Churchill to Erin Mills on the east from Britannia to Thomas, then Thomas approximately over to the Credit river, see the map below

The number of condos for sale in the Central Erin Mills area of Mississauga are:

·         bachelor condos for sale - 0

·         1 bedroom condos for sale - 9

·         2 bedroom condos for sale - 10

·         3 bedroom condos for sale - 1

The number of Townhomes for sale in the Central Erin Mills area of Mississauga are:

·         bachelor condos for sale - 0

·         1 bedroom townhomes for sale - 1

·         2 bedroom townhomes for sale - 1

·         3 bedroom townhomes for sale - 16

·         4 bedroom townhomes for sale - 0

I will update this number from time to time to see if there is any trend up or down over time.

Have a great day!

Mark

City Centre Boundaries below

Central Erin Mills Boundaries below

What are Special Assessments on condominium properties?

What are Special Assessments on condominium properties?

A special assessment is an additional payment or a levy that a condo board  has to impose when unexpected shortfalls or unexpected expenditures occur in  the budget, or when an expensive system has to be replaced (i.e., windows,  mechanicals) and there is not enough money in the reserve fund to cover for  it.

Special assessments often occur in condos that were built before 2001, when  reserve fund studies were not mandated by the previous Condo Act. As a  result, developers and boards failed to build up sufficient  reserve funds  for future replacements.

The fact that the owners have paid this already means that you will not have  to assume the additional payments when purchasing this condo, which is  great.

Buying a condo townhome is the same risk as buying a condo apartment -  anytime you buy a condo you are becoming responsible for the debt of the  condo (shared with the other owners). Condo townhomes are less likely to  have special assessments as there are not as many expenses due to less  amenities in the building.

As an agent, we ensure to request a status certificate that your lawyer  would review to make sure the  reserve fund of the condo is in good standing and has sufficient money.

As for the increase in condo fees, they usually increase each year, but the amount varies and it is stated in the status certificate for each particular building. It is usually a small amount (under $20.00) but again, each
situation varies.

If you have any further questions or would like to view this condo please let me know.

Thank you!
Mark Argentino
Mississauga Real Estate

Hello,

Below is the report from TREB for June 2011. The number of sales were up about 21% and prices were up 9.5 percent compared to June of 2010

The June 2011 average price is down 2% compared to May 2011

See the figures and stats below,
Mark




Greater Toronto REALTORS® release June Resale Market Figures

Toronto, July 6, 2011 – Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.

"The strong June result capped off an interesting first half of 2011," said Toronto Real Estate Board President Richard Silver. "The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June. Because of the positive affordability picture, home buyers remained confident in their ability to purchase and pay for a home over the long term."

The average price for June transactions was $476,371 – a 9.5 per cent increase over June 2010. Through the first six months of the year, the average selling price was $467,169 – almost an eight per cent increase compared to the same period in 2010.

"While sales have been strong, we would be on track for a record number of transactions in 2011 if not for the decline in listings so far this year," said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis. "Tight supply meant more competition between home buyers and an accelerating annual rate of price growth in the second quarter."

"Home owners will likely react to the stronger price growth by listing their homes in greater numbers. A better supplied market would result in more moderate price increases," continued Mercer.

For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1
BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com

Are utilities included when you rent a townhouse in Toronto, Mississauga or the GTA?

This is a frequently asked question:

Hi Mark

Could you tell me if this twonhouse property includes utilities?

Thanks
Karen

Hi Karen,

Utilities are extra on this property.

High-rise condos often include some or all utilities, but I've never seen a townhome that includes utilities. Some townhomes may include water/sewer.

Thank you,

Mark

Mississauga Townhomes, names and locations

Townhomes and Townhouse complexes in Erin Mills, Churchill Meadows and Streetsville, Mississauga - photos and lists showing the names, addresses and locations

http://www.mississauga4sale.com/Mississauga-Townhomes-Townhouse-Complexes.htm


For more information please contact A. Mark Argentino

A. Mark Argentino, Broker, P.Eng.,
Specializing in Residential & Investment Real Estate
RE/MAX Realty Specialists Inc., Brokerage
2691 Credit Valley Road, Suite 101, Mississauga, Ontario L5M 7A1

BUS. 905-828-3434
FAX. 905-828-2829
E-MAIL: mark@mississauga4sale.com
Website: Mississauga4Sale.com