Square One District Condos
Condominiums at Square One District is a new condo development by The Daniels Corporation and Oxford Properties currently in preconstruction at 4220 Living Arts Drive, Mississauga. The development is scheduled for completion in 2024. Condominiums at Square One District has a total of 977 units.
Coming Soon
Square One District Condos is a new multi-phase project to be located at the Rathurn Road and Confederation Parkway south east corner. It will be surrounded by Burnhamthorpe Rd, Confederation Parkway, City Centre Drive, and Highway 403. This gigantic project, which will go down in Canadian history as the biggest mixed-use downtown development, will sit on a 130-acre piece of land neighbouring Missisauga’s popular Square One Shopping Centre.
According to the master plan, it will be a whopping 37 tower project that will ultimately house over 18,000 residential suites, community facilities, office as well as retail space, towers, and open space, all of which will, in the long run, be served by the local Rapid Bus Transit and the future Hurontario LRT. This will be a residence that will bring together business, life, plus leisure. When completed, it is estimated that 35,000 residents will call this their home.
Also scheduled to be a multi-decade undertaking, this exciting project is being executed by Oxford Properties Group, which owns Square One Shopping Centre, in partnership with Alberta Investment Management Corporation, its development partner. The two will team up with residential builder, The Daniels Corporation in Square One District Phase I. The developer plans to construct 5,000 additional units over the coming 5 –7 years.
Neighborhood and Location
Square One is a growing neighbourhood in the heart of Mississauga. Also known as the City Centre, its main focal point is situated at Hurontario Street and Highway 403. This region holds its very own downtown, with its own developed urban skyline, complete with gleaming glass office towers and upscale condominiums making it an ideal place to live.
Mississauga’s largest mall is aptly named Square One Shopping Centre, because it is what defines and characterizes this neighbourhood. Everything is tied to it. Residences, offices, and commercial enterprises all live, work, and play in this neighbourhood. This area is a true melting pot, as you’ll encounter diversity everywhere you look. the shopping centre brings an array of different shops and services, and there’s also a movie theatre here.
This central location is also home to many cultural institutions in Mississauga. The Living Arts Centre, Mississauga Art Gallery, and Celebration Square can all be found in this district, as well as Sheridan College’s Hazel McCallion Campus.
A boom in the construction industry has increased the sales of new condo units within its borders. It is also part of the Province of Ontario’s Places To Grow initiative. This initiative is designed to create a more compelling, convenient and dynamic community that will become a thriving, sustainable and a self-reliant body. As many as 55 new high-rise residential buildings will be built in the near future.
Square One largely features condos, accounting for 96% of sales, followed by condo townhouses at 2% . Condos are the most common trend and the majority of properties have two bedrooms. The average price over the past year was $348,753, an increase of 15% over the same term. The average condo premium over that time was $347,241, as compared to the average freehold price of $721,625 over the same period.
Maziar Moini Broker
Home Leader Realty Inc.
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
416-599-9599 ext:150 Cell : (647) 699-5900 Fax: 1-800-970-7654
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