Phoenix Condos 550 Webb Dr Mississauga
550 Webb Drive, also known as The Phoenix Condo, is a highrise condominium in the Square One City Centre area of Mississauga. This condo was built by Toronto developer Menkes Developments Ltd..
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?
Square One Area Attractions
Square One Shopping Centre, Ontario’s largest mall, is located a few short blocks to the northeast of the condo.
The mall has more than 360 stores, restaurants, bars, and services, and is a 3 minute drive, and a 15 minute walk away, with the southwest entrance to the mall (Holt Renfrew) being nearest.
The Phoenix condo is situated near the corner of Webb Drive and Grand Park Drive. Here you will find another commercial plaza that includes a Winners store, a Shopper’s Drug Mart with post office, a Staples Business Depot, a UFC Fitness Gym, a Mr. India grocery store, and numerous restaurants including Kelsey’s, a bubble tea place, a Thai restaurant, a shawarma place, a Vietnamese pho eaterie, and the Nihari Inn Pakistani restaurant.
In addition to all the shopping possibilities, Celebration Square with its vibrant slate of community events, fountains, and skating rink in winter, Mississauga City Hall, the central YMCA, the Hazel McCallion Central Library, Sheridan College, the Living Arts Centre, and the Mississauga Transit and GO bus terminal are all within easy walking distance.
This luxury condo is also a short driving distance to the Cooksville GO station, and Ontario Highway 403 is easily accessable via Mavis Road.
There are several elementary schools serving the area. Equally important, both Catholic and public high schools are available nearby: Father Goetz Catholic Secondary School, and T.L. Kennedy Public Secondary School.
There is a fairly large assortment of grocery stores in the immediate area. Stores such as the Whole Foods located on the north side of the mall, and the full grocery located in Walmart at Square One, two nearby asian grocery stores T&T and Yuan Ming, as well as a Mr. India grocery directly across the street.
550 Webb Drive has excellent walk, transit, and bike scores.
Amenities at 550 Webb Drive
This is a top development which features numerous amenities:
- Outdoor Pool
- Party/Meeting Room
- 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.
Parks and Recreation
550 Webb Drive is blessed with close access to several city parks.
Zonta Meadows Park, which is on the north side of Burnhamthorpe Rd., is a 10 minute walk away. This excellent city park has winding walkways, and features children’s play areas, public tennis courts, and open fields which are great for soccer and other team sports.
Along Webb Drive, you will also find John “Bud” Cleary Park, a lovely spot that presents opportunities for dog walking, hiking and jogging, and additional children’s play areas.
The condominium itself has a large, nicely manicured yard, with extensive landscaping.
It should be noted that some units in the condo have open balconies, and some do not. The higher floors offer good views of downtown Mississauga and Lake Ontario.
The various floorplans have been popular with singles and families. Google reviews for this property are generally positive.
550 Webb Dr Details
Address: 550 Webb Drive, Mississauga, ON
Postal Code: L5B 3Y4
Developer: Menkes Developments Ltd.
Year of Completion: 1990
Status: built and registered
Type: apartment condominium
Number of buildings: 1 highrise
Height: 82.00m, or 269ft
Number of Units: 344
Amenities: 24 hour concierge, gymnasium, party room, outdoor pool, sauna, tennis court, visitor parking
Average Price per Square Foot: $605.00/sqft
Average Days on Market: 15
Maintenance fee cost: average cost $0.63/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 Dr has been consistent with that of the overall Mississauga real estate market. Pricing information during 2022 shows the following:
- Two bedroom units have sold in a range of $530,000 to $735,000
- Two plus one bedrooms have sold in a range of $637,000 to $720,000
Selling Your Condo?
550 Webb Drive is one of the original condos built in the Square One – City Centre area. Despite its age, The Phoenix condo is an excellent property with a great location, good amenities, and a very good reputation. It comes highly recommended.
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