550 Webb Drive, Mississauga, ON

$859,000
MLS#:W8469798
3 beds
2 baths
1400-1599 sqft
2.0 parking
Residential Condo & Other
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Description

Property Highlights

Welcome to this remarkable ["Apartment"] condo apartment located in the coveted neighborhood of City Centre. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $859,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1400-1599 sqft
  • Features a ["none"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Other
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

WOW! First time ever on the market and renovated top to bottom. This gorgeous unit is one of the largest in the building and this layout almost never comes on the market. The last time a similar penthouse/lower level penthouse unit was available was in 2012! This fantastic home in the sky boasts 1450 sq ft plus an additional 85 sq ft on the spacious south east balcony on the lower penthouse level. This gives you over 1500 sq ft all to yourself! Enjoy uninterrupted views of the downtown Toronto skyline, CN tower and the lake. Stunning finishes throughout. Fabulous kitchen newly renovated with granite countertops and stainless steel appliances still with the tags on! Beautiful bathrooms, also newly renovated, boasting granite and porcelain finishes. The primary bedroom has a walk-in closet and a SIX piece ensuite with a window for natural light. Second bedroom also has a walk-in closet PLUS an ensuite locker/closet for additional ensuite storage - all serviced by, again, a newly renovated bathroom. Custom motorized blinds throughout, updated flooring and pot lights complement the renovations. This home has a lovely eat-in breakfast area with south views as well as a large solarium easily used as a home office or a third bedroom also boasting an uninterrupted southern exposure. This condo is perfect for families and downsizers alike. This property comes with two parking spaces, and ensuite locker (off second bedroom closet) as well as separate locker. 550 Webb has fantastic amenities including: concierge, media room, party room, tennis court, yoga studio, gym/exercise room, outdoor pool, whirlpool, library, visitor parking and security guard. Honestly, this turnkey property has it all. Welcome to 550 Webb Lower Penthouse 03 - Welcome Home!

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Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1400-1599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 15, 2024
Sold price information is available to members only
Listed Date6/22/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
ConstructionConcrete
CountyPeel
Annual Tax$2,820.93

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["Central Air"]

Features

Property Features

Arts Centre, Public Transit

Community Features

Location

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550 Webb Drive, Mississauga, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 550 Webb Drive LPH 03, Mississauga, ON L5B 3Y4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$687,200
Monthly Mortgage$3,993
Property Tax (Est.)$235
Utilities & Maint.$350
Total Monthly Cost$4,578

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Mississauga.

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for City Centre, Mississauga.

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$560,403

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
24%
Other households
6%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

Bishop Scalabrini
Public225 Central Parkway West, Fairview, Mississauga, Ontario, L5B 3J5
6.4
Elm Drive
Public100 Walford Court, Fairview, Mississauga, Ontario, L5B 1T8
4.9
Corpus Christi
Public4155 Elora Drive, Creditview, Mississauga, Ontario, L5B 3N4
6.4
St Philip
Public345 Fairview Road West, Fairview, Mississauga, Ontario, L5B 3W5
7.2
Sts Peter & Paul
Public4205 Woodington Drive, Rathwood, Mississauga, Ontario, L4Z 1K2
6.9

Secondary Schools

Father Michael Goetz
Public330 Central Parkway West, Fairview, Mississauga, Ontario, L5B 3K6
4.0
Iona SS
Public1585, Mississauga Valleys, Mississauga, Ontario, L5A 3W9
6.2

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.