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Condos under $500,000 in Mississauga

This page lists every condominium apartment for sale in Mississauga asking under $500,000, newest first. It is where most first-time buyers in the city start. The range is dominated by studios and one bedrooms in the newer City Centre and Hurontario towers, and by larger one and two bedroom suites in the older buildings of Mississauga Valleys, Applewood, Cooksville and Fairview, where a 1980s tower can offer more space for the same money.

The maintenance fee and what it includes decide the real monthly cost in this range. Many older Mississauga buildings include heat, hydro and water; many newer ones include none of them. Stan Bernardo's team keeps notes on management, fee history and reserve funds for the larger buildings and will tell you which ones to avoid.

Condos under $500K: Mississauga (422)

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225 Webb Drive
225 Webb Drive — photo 2
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New
For Sale
$419,000
1 bd · 2 ba
225 Webb Drive, Mississauga
1 days on market
MLS® W13800664 · CENTURY 21 PROPERTY ZONE REALTY INC.
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New Mississauga condos for sale land here first. Save this search and we email you the moment one is listed.

Where the entry-level condos are

City Centre carries the most listings in this range, then Hurontario, Cooksville, Mississauga Valleys, Applewood and Fairview. Central Erin Mills, Clarkson and Meadowvale contribute a few low-rise complexes. The neighbourhood condo pages show medians and price per square foot for each area so you can see where a dollar buys the most floor.

Reading the fee

Divide the monthly fee by the suite's square footage and compare buildings on that number. Then check what the fee covers: in a building that includes utilities, a higher fee can still be the cheaper home. Ask for the status certificate and look at the reserve fund study; a tower built before 1990 with a healthy reserve is often a better buy than a newer one with a thin fund.

Questions people ask about Condos under $500,000 in Mississauga

What size condo can I get under $500,000 in Mississauga?

In the newer City Centre towers, mostly studios and one bedrooms. In the older buildings of Mississauga Valleys, Applewood and Cooksville, one and two bedroom suites with larger floor plans. The live list shows the current options.

Are older condo buildings in Mississauga safe to buy?

Many are well run and have completed their major capital work. The status certificate, reserve fund study and recent special assessments tell the story. The team can tell you what they know about specific buildings.

Do condos under $500,000 come with parking?

Often but not always. Some studio and one bedroom suites in City Centre are sold without a parking space, and some spaces are rented rather than owned. Each listing on this site shows what is included.

Sources: mississauga.ca · metrolinx.com · gotransit.com