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    Phoenix Condos

    550 Webb Drive

    3for Sale
    1for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    27
    Number of Units:
    344
    Condo Completion:
    1990
    Condo Demand:
    Medium
    Unit Size Range:
    900 - 1,489 SQFT
    Unit Availability:
    Medium

    Listing History for Phoenix Condos

    Amenities

    Media Room
    Bike Storage
    Concierge
    Games Room
    Outdoor Pool
    Rec Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 550 Webb DrivePhoenix Condos

    There’s likely no other building in all of Mississauga that resembles the Phoenix Condos, thanks to its unique green and white façade. The 27-storey residential tower at 550 Webb Drive has been around since 1990 and contains 344 units.

    In addition to choosing a flashy colour to adorn the Phoenix Condos, the developers at Menkes were sure to deck out the building with plenty of amenities. Residents have access to a party room, indoor pool, tennis court, and sauna, in addition to a concierge and an underground parking garage with spots for guests.

    The Suites

    With homes at 550 Webb containing either two bedroom or two bedrooms plus a den, not every condo seeker is going to find something suitable in the building. That said, the building is great for small families, single professionals, and couples without children or empty nesters. The suites range in size from around 900 to 1,500 square feet, and many feature private outdoor spaces.

    The Neighbourhood

    One of the best things about Mississauga’s Fairview neighbourhood is its location: it sits kitty-corner to the downtown core, but far enough away to feel calm and quiet. While a short walk over to the downtown core will land residents at attractions like the Living Arts Centre, Cineplex Cinemas Mississauga, and Square One Shopping Centre, Fairview is home to a commercial area of its own. Just west of the Phoenix Condos is the Rio Can Grand Park, an outdoor shopping centre with a Shoppers Drug Mart, a Winners, a Staples, and numerous restaurants.

    Transportation

    550 Webb’s central location also means residents have access to plenty of transportation infrastructure. There’s a bus stop right outside the building, for example, where residents can catch a bus heading to the Erindale GO Station. Once there, passengers can hop onto a GO Train that travels from Erindale to Union Station in just 37 minutes.

    Residents who drive, on the other hand, can reach major highways like the 403 and the QEW in no time. The drive into downtown Toronto can take as little as 20 minutes when traffic cooperates, although those planning to commute during rush hour should plan for a drive of about one hour.

    3

    Listings For Sale

    Interested in receiving new listings for sale?

    1

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    6/10
    Transit
    You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
    7/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    11,109
    Average Individual Income
    $56,148
    Average Household Size
    3 persons
    Average Age
    36
    Average Household Income
    $106,466
    Dominant Housing Type
    Semi Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Semi Detached
    48%
    High Rise Apartment
    21%
    Detached
    19%
    Low Rise Apartment
    7%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    76%
    Other
    9%
    Punjabi
    7%
    Hindi
    2%
    Spanish
    2%
    Urdu
    2%
    Tagalog
    1%
    Gujarati
    1%
    Education
    High School
    33%
    University and Above
    23%
    College
    20%
    None
    16%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    30%
    Architecture & Engineering
    19%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Humanities
    6%
    Math & Computer Sciences
    6%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    3%
    Education
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%

    Days on Strata

    Units at Phoenix Condos spend an average of
    45
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    8.4
    YEARS before being sold again

    Property Value

    2%
    Increase in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 19 condos in the Fairview area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    7
    Units were Rented over the past twelve months

    Best Value Rank

    Phoenix Condos offers the
    ?
    best value out of 19 condos in the Fairview neighbourhood

    Appreciation Rank

    Phoenix Condos has the
    ?
    highest ROI out of 19 condos in the Fairview neighbourhood

    Rental Yield

    Phoenix Condos yields the
    ?
    highest rent prices out of 19 condos in the Fairview neighbourhood

    High Demand

    Phoenix Condos is the
    ?
    most popular building out of 19 condos in the Fairview neighbourhood

    Transaction Insights at 550 Webb Drive

    2 Bed2 Bed + Den
    Price Range$629,900 - $720,500$585,000 - $675,000
    Avg. Cost Per Sqft$617$611
    Avg. Wait for Unit Availability53 Days25 Days
    Ratio of Units in Building35%66%

    Maintenance Fees

    Phoenix Condos vs The Fairview Area

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