It is no coincidence that Mississauga has been named the happiest big city in Canada, and its accessibility to downtown and lifestyle infrastructure make it also one of the most well-rounded real-estate spots in the Greater Toronto Area (GTA). 

Last year, the city was found among the 10 happiest places in Canada, with an average 70.3 in happiness, which is nearly two points above the national average, according to the Leger Happiness Index study. 

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According to King Realty Co.’s agent Tiffane Sankey, who is also a Mississauga resident, the city has much more to offer than proximity to Toronto. Convenience is a major favourable factor there, featuring easy access to major shopping hubs, including Square One, Heartland Town Centre, and the Erin Mills district, as well as GO Train stations and MiWay Transit. 

“Another thing is the cultural diversity. Mississauga is incredibly multicultural. I live in Mississauga myself, and it’s reflected in everything, [including] the food scene, there’s so many different types of restaurants, and then you also have local businesses and community events and neighbourhood identity. For most people, that diversity creates a strong sense of belonging and access to amenities that reflect their lifestyle and background,” she explains. 

Sankey also says many buyers might choose Mississauga for their investments thinking of the future, as there are currently several development projects on the way, especially around Square One and Erin Mills. 

Although the area is highly desirable, the current real estate market offers buyers the possibility of finding properties on a friendly budget, including many units under $500,000. 

“The majority of these properties are condo apartments in newer and older buildings. In the older buildings, the units will be larger. In the newer buildings, they’ll be a bit smaller, but we’re also seeing some condo townhomes come up in that price range which can offer more space and functionality for buyers,” Sankey explains.

But for those who are now ready to move ahead with purchasing, the realtor recommends first finding good real-estate professionals who can help with the search, and getting pre-approved before starting with the search. 

“What’s equally important and often overlooked is building a realistic budget. Just because you’re approved for a certain amount does not mean that that’s what you’re going to spend. You need to factor in your current lifestyle, your monthly expenses, your property, your tax, your maintenance fee, and your overall comfort level.” she adds. 

For those who are ready to get started, here are some properties in Mississauga that are going for under $500,000. 

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502–880 Dundas St. W. 

Listed for: $398,000

Type: Two-bedroom, two-bathroom condo

This unit is a great option for those looking for the comfort of a condo building with a generously-sized living space. Between 1,000–1,200 Sqft., this unit includes a primary bedroom with ensuite bathroom and a second bedroom for extra space. The living area features large windows for natural light, and a generous space for entertaining and dining, near a modern kitchen with quartz countertops and lots of cabinet space. This condo’s location offers extra convenience, being close to public transit, schools, restaurants, and parks. For more information, visit the listing. 

119–2001 Bonnymede Dr. 

Listed for: $497,900

Type: Two-storey condo, with two bedrooms plus den

Who says $500,000 can’t get you more than one-floor plans? This 1090-Sqft. listing, which is just under that budget, proves that it’s possible. This unit offers an open-concept main floor, with a modern kitchen and great space for entertaining and living. Moving to the second floor, residents can find an open den, two generously-sized bedrooms, two balcony openings, ensuite laundry, and a functional bathroom. For more information, visit the listing. 

3911–4011 Brickstone Mews

Listed for: $399,000

Type: One bedroom plus den apartment

For those looking for a smaller space for a lower cost, this 600-plus-Sqft. unit might be it. At the heart of downtown Mississauga, with walking distance to Square One, the Living Arts Centre, Sheridan College, Central Library, and more, this unit offers residents living convenience. In addition, the building offers several great amenities, including rooftop barbecue space, gym, party room, and more. The unit features a modern, open-concept layout and plenty of natural light, as well as upgraded appliances. For more information, head to the listing. 

507–135 Hillcrest Ave.

Listed for: $449,900

Type: Two-bedroom plus den apartment

Another conveniently located unit, this one promises to make residents feel right at home from the first visit. The 846-Sqft. Space is specially designed for a spacious feel with clear views and natural life, with a large primary bedroom with a walk-in closet and a solarium, a versatile second bedroom and a den for even more space. The unit is located within walking distance from the Cooksville GO Station, and close to Square One, groceries, schools, and more. For more information, visit the listing. 

1508–2155 Burnhamthorpe Rd. W.

Listed for: $415,000

Type: One-bedroom plus den apartment

For $415,000, residents can get unobstructed 15th floor views in the heart of Erin Mills. This 737-Sqft. unit includes an open-concept layout, with an upgraded kitchen and versatile living space, a generously-sized primary bedroom and den that could be used as a home office or some extra storage space. The building includes a range of amenities from racquet courts and billiards room to an indoor pool and sauna. The location near the HO station, retail, restaurants, parks and more is great for convenience. For more on this property, visit the listing.