141-3040 Constitution Boulevard,
Mississauga

A beautifully renovated condo townhouse in Applewood Heights, one of the more established pockets of east Mississauga. Three bedrooms up, two more in a newly renovated lower level with rare nine-foot ceilings, three bathrooms, underground parking, and a maintenance fee that already covers internet, cable, water and snow removal. It is aimed squarely at the buyer who is tired of paying a landlord and wants to start building equity without stretching the budget.

What you get

• 3+2 bedrooms and 3 bathrooms
• Bright, open-concept main floor filled with natural light
• Newly renovated basement with rare 9-ft ceilings
• Underground parking included
• Potential for a separate entrance to the basement
• Minutes from parks, schools, transit, Walmart, Adonis and shopping

Recent upgrades

The expensive, unglamorous work is already done, which is the part that matters most on a property at this price point.

• New windows - 2021
• Owned water heater, no rental contract - 2022
• Exterior renovations completed - 2024

The water heater is owned rather than rented, so there is no monthly rental contract to assume and nothing to buy out on closing. It is a small thing that quietly costs money on a lot of comparable listings.

What the maintenance fee covers

This is the argument for the building. The fee already includes several things most owners pay separately, which changes the real monthly cost of ownership more than the headline number suggests:

• Internet
• Cable TV
• Water
• Snow removal
• Parking

Internet and cable alone typically run well over a hundred dollars a month in a comparable freehold, before water. Compare the all-in monthly figure rather than the fee in isolation.

The lower level

The newly renovated basement has nine-foot ceilings, which is genuinely rare in a townhouse of this era and is what makes the space feel like part of the house rather than a finished cellar. Two additional bedrooms and a bathroom are down there.

There is also potential for a separate entrance to the lower level. That is worth understanding properly rather than taking at face value: a separate entrance is the first requirement for a legal secondary suite, but it is not the only one, and condominium corporations have their own rules about alterations and about leasing. Anyone buying with that plan in mind should confirm what the corporation permits and what the City requires before committing. The investment properties page covers the second suite requirements in Mississauga in detail.

The location

Applewood Heights sits in east Mississauga, one of the more established parts of the city, and it is the pocket a lot of first-time buyers land in when the south end prices them out. What is nearby:

• Parks and playgrounds within walking distance
• Well-regarded elementary and secondary schools
• MiWay transit and quick access to the QEW and Highway 427
• Walmart, Adonis, restaurants and everyday shopping

More on the area and how it compares to the rest of the city is on the Mississauga real estate page.

Who this is for

Whether you are buying a first home or looking for more space without stretching the budget, the case here is straightforward: three bedrooms up, two more down, three bathrooms, parking, and a fee that absorbs several bills you would otherwise pay separately. It is aimed at the buyer who is tired of paying a landlord and wants to start building equity instead.

If you are working out whether the numbers hold together, the buying page sets out down payment rules, Ontario closing costs and the first-time buyer rebate in full.