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    Phoenix Condos
    3for Sale
    2for Rent

    Building Highlights

    Property Type:

    Condo

    Number of Storeys:

    27

    Number of Units:

    344

    Condo Completion:

    1990

    Condo Demand:

    High

    Unit Size Range:

    900 - 1,508 SQFT

    Unit Availability:

    Low

    Amenities

    Sauna
    Visitor Parking
    Party Room
    Concierge
    Bike Storage
    Indoor Pool
    Outdoor Pool
    Media Room
    Security System
    Tennis Court
    Rec Room
    Gym Room
    Indoor Parking
    Games Room

    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.

    Maintenance Fees

    Included in Fees
    Hydro
    Heat
    Air Conditioning
    Water
    Not Included
    None

    Listing History for Phoenix Condos

    Apr 01, 202585 days on Strata
    expired

    $603,000
    2606 - 550 Webb Dr
    2 + 1
    1
    2
    1000 Sqft
    View
    Feb 18, 202522 days on Strata
    sold

    $602,786Up from $549,000
    1808 - 550 Webb Dr
    2 + 1
    2
    1
    1100 Sqft
    View
    Receive listing updates for Fairview - Mississauga

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    Explore Fairview - Mississauga


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    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
    0 - 14
    18%
    20 - 34
    27%
    35 - 49
    21%
    50 - 64
    20%
    65+
    12%
    Household Income
    $0 - $30,000
    44%
    $30,000+
    30%
    $60,000+
    16%
    $90,000+
    6%
    $125,000+
    2%
    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
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    above
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Fairview - Mississauga

    Turnover of Units

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

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 19 condos in the Fairview - Mississauga area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    8
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Market Insights

    Transaction Insights at Phoenix Condos

    2 Bed2 Bed + Den
    Price Range$703,500$579,000 - $818,000
    Avg. Cost Per Sqft$599$570
    Avg. Wait for Unit Availability60 Days27 Days
    Ratio of Units in Building33%68%

    Market Inventory

    Total number of units listed and sold in Fairview - Mississauga