General Information by a Mississauga Real Estate Agent.
Over 700,000 people have recognized that Mississauga, Ontario is the place to be. It’s a city that literally has everything. There are sprawling green parks, quaint small towns, enormous shopping malls, towering condominium buildings, luxury mansions, acres of prime commercial space, a spaghetti bowl of roadways connecting it to the rest of the Greater Toronto Area, and the biggest airport in Canada. While most other Toronto suburbs are heavily weighted toward the residential, Mississauga maintains a balance between residential and commercial. It has its share of suburban housing developments but also numerous huge industrial parks that are home to the Canadian headquarters offices of multinational corporations like Wal-Mart and General Electric.
The type of property you are searching for (i.e. residential or commercial) will dictate which real estate agent you choose to help you. Commercial sales are wildly different from residential ones. For example, they’re more analytical than emotional and the paperwork takes longer to iron out, so agents rarely deal in both. Even within a certain discipline, each agent is different, so it’s important that you hire an agent you feel comfortable with. It’s usually a good idea to meet with several before you decide. If you would like to set up a meeting with me, I’d be happy to show you some properties that fit your needs and budget. Simply contact my office for an appointment.
Having a budget in mind when you shop for real estate helps keep you from getting carried away and overextending yourself financially on a property you’ve fallen in love with. While commercial property valuations are complex figures based upon many fluid factors like income potential and historical revenue, residential properties primarily take into account location, condition, and market conditions. Currently a one storey home in Mississauga is valued at $355,000. For a large two storey home, this average jumps to $550,000. Town house averages currently sit around $244,000 while standard condos are valued around $218,000 and luxury condos cost an average of $302,500.
Each of Mississauga’s neighborhoods have their own characters. Depending on the type of property you’re looking for and your personality, one may suit you better than the other. For example, Cooksville is very multicultural and features high density housing such as apartment buildings and condo towers while Lorne Park is an exclusive suburban planned community where the homes and the lots they sit on are large and manicured.
Commercial real estate opportunities are concentrated more in the Clarkson, Malton and Meadowvale neighborhoods. Clarkson is home to an oil refinery and a cement distribution center and is nearing the end of its industrial phase while Malton and Meadowvale are in full swing. Malton’s claim to fame is access to transportation, thanks to the many highways and Pearson Airport. Meadowvale’s is the presence of the city’s largest business park.