550 Webb Drive Mississauga
The Phoenix is a highrise condominium located at 550 Webb Drive, in Mississauga, Ontario. This condo was built by Toronto developer Menkes Developments Ltd.
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The building stands 27 storeys tall, and the municipal address is 550 Webb Drive, Mississauga, Ontario L5B 3Y4.
There are two unique things to know about this condo:
1.) There are only 2 bedroom and 2 bedroom plus den units here – so only larger apartments
2.) Pets are NOT allowed in this building.
Looking for a Condo?
This luxury condominium is part of the original wave of high rise properties that were constructed in the downtown Mississauga City Centre (MCC) area in the early 1990’s, and as such, is conveniently close to all that MCC has to offer.
The Phoenix is one of several legacy condos that can be found along Webb Drive:
- 250 Webb Drive – The Odyssey Condos
- 300 Webb Drive – Club One Condos
- 325-335 Webb Drive – The Monarchy Condos
- 350 Webb Drive – Platinum West Condos
- 400 Webb Drive – Centre IV Condos
- 550 Webb Drive – Phoenix Condos
These condos, despite their age, are still an attractive option for homebuyers and investors. Before we take a deep dive into the building itself, let’s take a look at the area attractions.
Square One Area Attractions
Shopping
The largest shopping mall in Ontario is Square One Shopping Centre, a major commercial mall that is located a couple of blocks to the northeast of the condo complex.
Square One has more than 360 stores, restaurants, bars, and services, and is a 4 minute drive, and a 15 minute walk away, with the southwest entrance to the mall (Holt Renfrew) being nearest.
The Phoenix condo is situated at the corner of Webb Drive and Grand Park Ave.
In addition to the shopping available at the Square One Shopping Centre, there are quite a few additional options available nearby.
There is a substantial mall at the Parkways West Shopping Centre at 325 Central Parkway West, including retail stores, restaurants, a supermarket, florists, and doctor’s offices.
There is another shopping area at the Rio Can Grand Park commercial centre at Grand Park Drive, with a Staples store, a Shoppers Drug Mart, a Winners store, and several restaurants. This plaza is directly across the street from 550 Webb Dr.
Plus there are dozens of stores, restaurants, and coffee shops in many of the nearby condos that surround Square One.
Entertainment
In addition to all the shopping possibilities, there are a lot of attractions here at the heart of the Mississauga City Centre that are within walking distance:
- Celebration Square with its vibrant slate of community events, fountains, and skating rink in winter
- Living Arts Concert Hall
- Mississauga Art Gallery
- Mississauga City Hall
- the Hazel McCallion Central Library
- the central YMCA
The nearest cinemas are the Cineplex Cinemas at Rathburn Road and Living Arts Drive.
Transit
The central Mississauga MiWay Transit and GO bus terminal is within walking distance. This is the central transit hub for the city of Mississauga.
The terminal will soon add a major new enhancement when the Hazel McCallion LRT (Hurontario LRT) adds a stop there in 2026.
For commuters, this luxury condo is also a short driving distance to the Cooksville GO station, and Ontario Highway 403 is easily accessible via either Mavis Road or Hurontario St.
Schools
Elementary
There are several elementary schools serving the area, including:
- Chris Hadfield Public School (JK-5) at 465 Fairview Rd W, Mississauga
- Camilla Road Senior Public School (6-8) at 201 Cherry Post Dr, Mississauga
- St. Giovanni Scalabrini Catholic Elementary School (JK-8) at 225 Central Pkwy W, Mississauga
Secondary
In addition, there are also excellent Catholic and public high schools nearby: Father Michael Goetz Catholic Secondary School, and TL Kennedy Public High School.
Post-secondary
Mississauga has several excellent post-secondary schools, including:
Sheridan College
Sheridan College has a large campus at Square One. Over 6700 students attend classes in over 100 classrooms and labs.
University of Toronto Mississauga (UTM)
The University of Toronto Mississauga campus (UTM) has over 15,000 graduate and undergraduate students. It’s located in a wooded setting near Mississauga Road and The Collegeway, and is about a 10 minute drive from 550 Webb Drive.
Hospital
The nearest hospital is the Trillium Health Partners Mississauga Hospital. It is located at 100 Queensway W., near Hurontario and the QEW, which is about a 9 minute drive away.
The Mississauga Hospital (formerly known as Trillium Hospital) houses the largest concentration of critical care services in Canada, with modern facilities that are currently undergoing a major expansion.
Nearby Grocery Stores
You will find a fairly large assortment of grocery stores in the immediate area, such as the Whole Foods Market located on the north side of the mall.
Also close by are Food Basics and Metro supermarkets, plus the full grocery located in Walmart at Square One.
There are two asian grocery stores in the neighbourhood: T&T and Yuan Ming.
There is also a Mr. India grocery nearby.
Parks and Recreation
550 Webb Drive is located near to several city parks.
Zonta Meadows Park, which is on the north side of Burnhamthorpe Rd., is a 12 minute walk away.
This large urban park has winding walkways, and features children’s play areas, public tennis courts, and open spaces which are great for soccer and other team sports.
Along Webb Drive, you will also find John Bud Cleary Park, a good spot that presents opportunities for dog walking, hiking and jogging, and it also features additional children’s play areas.
Kariya Park is a lovely Japanese themed Mississauga park with a pond, walkways and wooden bridges, a pagoda-type structure with a large brass bell, and cherry blossoms in the spring. It is about a 20 minute walk away, or 5 minutes by car.
Walk Score
550 Webb Drive has excellent walk, transit, and bike scores.
550 Webb Drive
Very Walkable
Online Reviews
Google reviews for 550 Webb Dr. have been very positive, averaging 4.8 out of 5 stars, with dozens of reviews given.
Condo Amenities
This is a top development which features numerous amenities:
- Concierge
- Gym
- Outdoor Pool
- Party/Meeting Room
- Sauna
- Tennis Courts
- Visitor Parking
As mentioned above, there are only 2 bedroom, and 2 bedroom plus den layouts at this condo. It is a family-friendly building.
Security Features
The Phoenix condos have the following security features:
- 24 hr concierge service
- controlled access to the building
- secure common area access
- closed circuit television monitoring
- secure access to parking garage
- security patrolled premises
The higher floors offer good views of downtown Mississauga, Lake Ontario, and the Toronto skyline in the distance.
The various floorplans here, which are much larger than many newer complexes, have been popular with singles, families, and investors.
Condo Details
Address: 550 Webb Drive, Mississauga, Ontario
Postal Code: L5B 3Y4
Developer: Menkes Developments Ltd.
Year of Completion: 1990
Status: built and registered
Architect:
Interior Design:
Type: apartment condominium
Number of buildings: 1 highrise
Storeys: 27
Height: 82.00m, or 269ft
Number of Units: 344
Unit Size Range: 954-1448 sq ft
Amenities: 24 hour concierge, gymnasium, party room, outdoor pool, sauna, tennis court, visitor parking
Average Price per Square Foot: $551.00/sqft
Average Days on Market: 23
Maintenance fee cost: average cost $0.66/sqft
Maintenance fees include: heat, hydro, water, central air conditioning, common elements, building insurance, parking
Property Manager: Andrejs Management Inc.
Condo Corporation: PSCC 409
Phone Number: 905-277-5143
Pets: NO PETS allowed
550 Webb Drive Prices
On balance, MLS sales and rental activity at the 550 Webb Drive has been consistent with that of the overall Mississauga real estate market. Pricing information during 2024 shows the following:
- Two bedroom units have sold in a range of $635,000 to $703,500
- Two plus one bedrooms have sold in a range of $579,000 to $818,000
Selling Your Condo?
Conclusion
The Phoenix condominium at 550 Webb Drive is one of the original highrise condos built in the Square One City Centre area of Mississauga. Despite its age, it is an excellent property with a great location, good amenities, and a very good reputation.
It comes highly recommended.
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