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$569,000
550 Webb Drive · Mississauga · Ontario L5B 3Y4
106 days on market
Welcome to this bright and spacious rarely offered corner suite on the 20th floor of the prestigious Phoenix Condos! Offering 1,145 sq. ft. of carpet-free living space, this beautifully maintained condo boasts breathtaking, unobstructed panoramic city views through expansive windows that fill the home with natural light. Designed for comfortable everyday living, the functional layout features two generous bedrooms, a separate breakfast area, and a spacious dining area beside a large picture wind…
Could save you thousands on this purchase — closing strategy, negotiation & rebate.
Insufficient comparable sales to generate an estimate. Boost accuracy on MyStreetValue →
Seller signals
↓ $80KPrice reduction
MLS shows the seller reduced the asking price by $80,000 (from $649,000 to $569,000).
Motivated SellerWhy this label
Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.
Property history
Comparable sales
Brokered by: META REALTY INC.
Source: TRREB/PROPTX · MLS® W13544344
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20%+ down — no CMHC premium
≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo
Typical ON gas-heated home · ~$125/mo
ON municipal avg ~$60/mo
ON internet/TV avg ~$70/mo
1% of value/yr — standard reserve
Landscaping & snow removal · $0 default
$100/mo default · adjust for your home
Optional monitoring · $0 default
From listing or typical fee
Cost composition
Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.
Full breakdown
| Mortgage & financing | ||
| Mortgage (P+I) | $25,903 | $2,159/mo |
| Government & taxes | ||
| Property tax | $3,155 | $263/mo |
| Land transfer tax(closing) | $7,855 | $655/mo |
| Insurance & protection | ||
| Home insurance | $1,200 | $100/mo |
| Title insurance(closing) | $400 | $33/mo |
| Utilities | ||
| Hydro / electricity | $900 | $75/mo |
| Gas | $1,500 | $125/mo |
| Water & sewer | $720 | $60/mo |
| Internet / TV / phone | $840 | $70/mo |
| Maintenance & upkeep | ||
| Maintenance reserve (1.0%) | $5,690 | $474/mo |
| Condo fees | ||
| Condo / HOA fees | $11,029 | $919/mo |
| Closing costs (one-time) | ||
| Legal / lawyer(closing) | $2,500 | $208/mo |
| Home inspection(closing) | $600 | $50/mo |
| Moving costs(closing) | $2,000 | $167/mo |
| Total | $64,293 | $5,358/mo |
Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.