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Top Mississauga Neighbourhoods to Invest in

23 July 2020
Ela Napiorkowski

Top Mississauga Neighbourhoods to Invest in

Are you a first-time home buyer or looking for a great investment? Mississauga continues to be a fantastic city to purchase an investment in. Despite the challenges of Covid-19, as the City of Mississauga soon aims towards its Stage 3 of economic re-opening, the Real Estate Market continues to thrive. Amenities are plentiful, transit is abundant, and you can get more for your money compared to more expensive cities like Toronto.

Formed in 1974, the City is now established as the fastest growing city with a population of 829,000 and growing, nearly doubling in the last 25 years. Recognized as a proud multicultural city & being home to many Fortune 500 Canadian companies and its Canadian headquarters, Mississauga stands as being a great place to live in.

Research conducted by Safe City Mississauga reveals once again that Mississauga continues to be one of the safest large cities in Canada. The city offers a vibrant downtown core with shopping, entertainment and condo living. Coupled with an abundance of greenspace with more than 480 parks, plenty of walking trails, and easy transit accessibility close to highways, GO Bus, GO Train and MiWay is what makes this city one of Canada’s hot market to invest in.

Mississauga Real Estate is broken down into five sectors: Central, East, West, North, South. These zones, together with neighborhoods, helps your decision making in knowing which community to invest in. However, there are various factors one should consider.

Investment units vary from mature detached houses, semis and towns to condos. Its best to consider amenities (such as shopping & good transit access) across these areas and look to see if they are family friendly, offering great schools and parks.

For young and growing families, proximity to schools and their quality is an important consideration. Mississauga is a proud host to many top schools. Looking online can be a great research tool, as schools can provide data (such as average test scores) and you can locate rating system scales that can help you in determining educational quality. Keep in mind that top-rated Mississauga schools attract better quality of people. That is one reason why property values around top-rated Mississauga school districts enjoy higher prices. If you are looking for good schools and parks, then Erin Mills, East Credit/Hurontario and Churchill Meadows are popular and are family-oriented communities.

Convenient access to Mississauga’s public transportation; Mississauga Transit, Bus Rapid Transit, GO Bus/ Train, and/or major highways (Hwy 401, Hwy 403, Hwy 407 and QEW) can make all the difference between a pleasurable and a painful commute to work. Properties closer to public transportation and highways attract more buyers and reap higher prices.

Neighbourhoods close to transit and amenities are key for having good tenant turnover. So, if you are looking to rent your place out indefinitely, areas such as City Centre, East Credit, Cooksville, Meadowvale and Lisgar all provide these features. City Centre is walking distance to all major conveniences and has many interested students looking for rental units. Plus, investors may also want to stay tuned to developments with the incoming LRT, as this will be a benefit to property owners and potential landlords alike.

City Centre, as mentioned, is a good area to invest in, especially if you are looking to purchase a condo. Whether it is one of the brand new buildings or an established one, City Centre offers a first time investor an opportunity to get into the market on a more modest budget (one bedroom or two bedroom units are significantly more affordable than a house). And keep in mind that these properties are great on rental income, attracting a greater variety of renters, including families, students and single professionals. Amenities and transit are at the doorstep, making it an attractive location spot.

Communities such as Churchill Meadows, Hurontario and East Credit also offer lots of amenities, parks and schools, with newer detached, semi, and town homes. These homes make good investment units as they tend to have more space for basement apartments (which are common in these neighbourhoods).

As Mississauga continues to see rising prices across its communities, any neighbourhood in this city is worth purchasing in, but you still need to determine what criteria suits you and what your budget allows for.

If your budget allows you to invest in more expensive neighbourhoods, it’s a good idea to look at Lorne Park, Mineola, Erindale (Mississauga Road), Port Credit and Streetsville, given their charm, and consistent increase in market value. However, if you want to spend less, more affordable neighbourhoods include Malton, Cooksville, Sheridan, Meadowvale and Clarkson.

Keep in mind that if you want to invest in a more affordable neighbourhood, you could be making a wise decision. Malton, for example, offers close proximity to Toronto. As an investor looking to get into the rental market, these areas offer opportunities to purchase homes that are still more affordable than other neighbourhoods in the city. Some investors want to buy homes that need renovations and then sell them for profit, while other investors want to rent the property out for several years.

Whether you want to invest in Mississauga, there really are no bad neighbourhoods—you just have to choose the one that best suits your needs and budget.

If you are looking to invest within the City of Mississauga, the challenging landscape means that a real estate broker is a huge benefit to navigating the market successfully, so let me,

Ela Napiorkowski, your Real Estate Broker for RE/MAX Professionals Inc. Brokerage, (416) 841-2356, guide you through your investment transaction, from start to post finish, as my experience and knowledge in the industry is sure to lead you to achieving your real estate goals in the Mississauga real estate market.