5 most affordable neighbourhoods in Mississauga

Don’t think you can afford to live in Mississauga?

Don’t be so sure. 

It’s no secret that Mississauga has changed from a quiet and sprawling bedroom community to a rapidly urbanizing city that’s quickly becoming known for ambitious redevelopment projects (Brightwater and Lakeview Village), higher-order transit projects (the Hurontario LRT), and costly housing. 

But while it’s become increasingly more challenging for residents to afford homes in Mississauga (and the GTA overall), there are some neighbourhoods that offer more affordable housing options (City Centre, Meadowvale, Mississauga Valleys, and others).

Nikhil Oberoi, a sales representative with Cloud Realty, recently put together a list of Mississauga’s most and least expensive neighbourhoods and what benefits residents can expect to enjoy should they choose to call one of the areas home.  

So, what are Mississauga’s most affordable neighbourhoods?

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5) Applewood

Located in east Mississauga, house prices average about $678,909 in Applewood, making it the 18th most expensive neighbourhood to live in (or in other words, one of the city’s most affordable areas). With plenty of bungalows for sale, this neighbourhood offers detached homes that cost about $984,714, semi-detached homes that cost about $825,604 and townhouses that sell for $813,333.

4) Meadowvale

Meadowvale, located in the 401 and Winston Churchill area, boasts homes that average about $654,636. Very affordable and close to one of the province’s busiest highways, you can purchase a detached home in Meadowvale for about $837,030, a semi for $696,264 or a townhouse for $533,833. 

3) Fairview 

Close to Square One, this affordable residential neighbourhood boasts an average home price of just $618,125. While detached homes are little more expensive at $940,000, the neighbourhood boasts condo townhouses that sell for about $541,200 and condo townhouses that sell for $431,778. 

2) Mississauga Valleys

This is the city’s second most affordable neighbourhood, with the average home price sitting at an attractive $531,274. While detached homes prices sit around $912,429, families can find slightly smaller places for less. In the neighbourhood, condo townhouses cost about $563,400 and condos sell for about $441,605. 

1) City Centre 

Condos, condos, condos. High-rise units are the most affordable option for homebuyers and they make City Centre–the area directly around Square One–the most affordable in the city for that very reason. In the neighbourhood, the average condo costs about $484,774, so you’ll save quite a bit if you can handle a smaller space (and don’t forget, condos are great for first-time homebuyers who want to climb the property ladder).