Condominium · City Centre, Mississauga
Phoenix Condos550 Webb Drive, Mississauga, ON L5B 3Y4
City Centre condos — downtown Mississauga around Square One, Celebration Square…
As of October 2026, Phoenix Condos has 4 units for sale from $474K to $678.9K (median $539.5K) and 5 for rent from $2,700 to $2,950 a month. Maintenance fees run $766 to $919 a month, and these listings have been on the market for an average of 44 days.
Phoenix Condos is a condominium at 550 Webb Drive in City Centre, Mississauga. City Centre living is urban and lock-and-leave, with Square One, restaurants, Celebration Square events, the Living Arts Centre and a Sheridan College campus all within walking distance — ideal for professionals, downsizers and investors. Browse current listings, pricing and building details below.
- Year Built
- 1990
- Units
- 344
- Floors
- 27
- Suite Sizes
- 700–1,399 ft²
- Asking Now
- $474K–$678.9K
- Maintenance
- $766–$919/mo
4 units for sale at 550 Webb Drive, plus 5 for rent
Current listings at Phoenix Condos include 2-bedroom condo apartments from $479.9K–$599K and 2-bedroom + den condo apartments from $474K–$678.9K.
About Phoenix Condos
Completed in 1990 by Menkes Developments, the 27-storey building has 344 suites from 700 to 1,399 sq ft. Amenities include an outdoor pool, a concierge, a fitness centre, and a tennis court. Pets are not permitted.
Phoenix Condos is a 27-storey tower by Menkes Developments, built in 1990. It stands at 550 Webb Drive in Mississauga's City Centre, at the western end of Webb Drive. It has 344 suites.
Suites are larger than most new downtown units. They range from about 700 to 1,400 square feet. Plans include a one-bedroom with a den, two-bedrooms and two-bedrooms with a den. Couples, small families and downsizers who want space near Square One often buy here.
The amenities reflect the era. There is an outdoor pool, courts for tennis and squash, an exercise area, a media lounge and a room for parties. A concierge staffs the lobby, and there is bike storage.
Know this before you buy: the corporation bans pets. That is uncommon downtown. If you have a pet, confirm the current rules or look at other towers. Maple Ridge Community Management runs Peel Condominium Corporation 409.
At thirty-five years old, the building has likely renewed many common areas. Ask what has been done, and review the reserve fund study for what is next. Upper floors facing south or east look toward the downtown skyline.
Daily needs are close. Pho Mi 99, Kitchen Food Fair and 3rd Mom Spicy Hot Pot are about 200 metres away. A Winners and Cleary Park are just as close. Mr. India Grocers, Fit4Less and CoCo Fresh Tea & Juice are around 300 metres. Square One is a short walk east, and the City Centre transit terminal and Highway 403 are close.
Nearby are Grand Park Condos and the M City towers. See Mississauga condos for sale for more.
Unit Types in This Building
| Unit Type | Asking Now | Size | Maint. /ft²/mo |
|---|---|---|---|
| 1 Bed + Den | None listed | — | — |
| 2 Bed | $479.9K–$599K | 1,100 ft² | $0.74–$0.84 |
| 2 Bed + Den | $474K–$678.9K | 950–1,100 ft² | $0.76–$0.81 |
Prices shown are current asking prices for active For Sale listings of that unit type -- not sold prices, and not every unit type has one on the market right now.
$/ft²/mo is each unit type's monthly maintenance fee divided by its size, from this building's current listings only.
Building Amenities
- Bike Storage
- Concierge
- Exercise Room
- Gym
- Media Room
- Outdoor Pool
- Party Room/Meeting Room
- Squash/Racquet Court
- Tennis Court
Compiled from amenities reported in this building's past listings. Not an official building amenities list and may be incomplete or out of date -- confirm directly with the condo corporation or property management.
Maintenance fee reflect this building's currently active listings, not an official building-wide figure -- individual units may differ. Data provided by MLS® and should be independently verified; no liability is assumed for any errors or omissions.
City Centre Neighbourhood
Phoenix Condos is located in City Centre, Mississauga.
See what's nearby -- schools, parks, shopping and transit -- in the map below.
Explore the City Centre neighbourhood guideWhat’s Nearby
Nearby Schools
Elementary
- Corpus Christi School702 m · 9 min walk
Dufferin-Peel CDSB — JK-8
- St. Giovanni Scalabrini Catholic School School809 m · 10 min walk
Dufferin-Peel CDSB — JK-8
- École élémentaire Le Flambeau828 m · 10 min walk
CS Viamonde — JK-6
- St Catherine of Siena School828 m · 10 min walk
Dufferin-Peel CDSB — JK-8
- St Margaret of Scotland School828 m · 10 min walk
Dufferin-Peel CDSB — JK-8
Secondary
- Father Michael Goetz Secondary School747 m · 9 min walk
Dufferin-Peel CDSB — 9-12
- Applewood Heights Secondary School828 m · 10 min walk
Peel DSB — 9-12
School details come from the Ontario Ministry of Education and the school boards, and may change. Boundaries, programs and grades are set by each board and can change from year to year, so confirm with the board before you buy.
Nearby Amenities
Cafe
- CoCo Fresh Tea & Juice313 m
Grocery
- Kitchen Food Fair164 m
- Mr. India Grocers256 m
Mall
- Winners229 m
Park
- Cleary Park219 m
Recreation
- Fit4Less269 m
Restaurant
- Pho Mi 99163 m
- 3rd Mom Spicy Hot Pot174 m
Phoenix Condos Market Snapshot
Live snapshot of this building's own listings -- rentals not included
Bedrooms
Phoenix Condos currently has 4 homes for sale, with a median asking price of $539.5K, averaging 44 days on market. Over the last 24 months, 14 units have sold in the building at a median of $532.5K — selling at 95% of asking price.
Phoenix Condos by the numbers
vs City Centre and Mississauga
At Phoenix Condos, the median asking price for condo apartments is $539.5K, higher than City Centre ($500K), and about the same as Mississauga ($525K).
At Phoenix Condos, condo apartments that sold over the last 24 months went for a median of $518 per square foot, lower than City Centre ($653) and Mississauga ($614).
At Phoenix Condos, sales over the last 24 months closed at 95% of the asking price, lower than City Centre (97%) and Mississauga (97%).
At Phoenix Condos, listings have been on the market for an average of 44 days, shorter than City Centre (49) and Mississauga (55).
At Phoenix Condos, there are 6.9 months of inventory at the recent sales pace, about the same as City Centre (6.8) and Mississauga (6.4).
| Metric | Phoenix Condos Live snapshot · sold last 24mo | City Centre 2026-10-01 · sold last 24mo | Mississauga 2026-10-01 · sold last 24mo |
|---|---|---|---|
| Active Listings | 4 | 282 | 761 |
| Median Asking Price | $539.5K | $500K | $525K |
| Avg. Days on Market | 44 | 49 | 55 |
| Sold (24mo) | 14 | 1,050 | 2,740 |
| Median Sold Price | $532.5K | $510K | $520K |
| Median $/sqft (Sold) | $518 | $653 | $614 |
| Sale-to-List Ratio | 95% | 97% | 97% |
| Months of Inventory | 6.9 mo | 6.8 mo | 6.4 mo |
Active Inventory
Active Listings by Unit Type
| Unit Type | Count | Median | Highest | Lowest | Avg. DOM |
|---|---|---|---|---|---|
| 2 Bed | 2 | $539.5K | $599K | $479.9K | 65 |
| 2 Bed + Den | 2 | $576.4K | $678.9K | $474K | 22 |
Closed Sales — Last 24 Months
Sold $/Sqft by Quarter
▲ +12.9% over 3 quartersMedian sold price per square foot each quarter, last 24 months. Quarters with too few sales to protect an individual sale price are omitted.
Aggregate estimates from TRREB MLS® data (PropTx feed). Deemed reliable but not guaranteed, and not an appraisal. Full terms.
Frequently Asked Questions
What is Phoenix Condos?
Phoenix Condos is a condominium at 550 Webb Drive in City Centre, Mississauga.
Whereabouts in Mississauga is Phoenix Condos?
It's at 550 Webb Drive in the City Centre neighbourhood of Mississauga. The City Centre transit terminal, the Hazel McCallion LRT and MiWay buses meet here, with Highway 403 and the 401 and 407 close for drivers and Cooksville GO a short distance south.
What's for sale or rent at Phoenix Condos?
The live listings on this page show every unit currently for sale and for rent at Phoenix Condos, updated through the day. If nothing's listed at the moment, reach out and I'll set up an alert for the next one.
What suite sizes does Phoenix Condos have?
Suites at Phoenix Condos range from roughly 700 to 1,399 square feet, and the listings on this page show which layouts and bedroom counts are available now.
Is Phoenix Condos good for commuters?
The City Centre transit terminal, the Hazel McCallion LRT and MiWay buses meet here, with Highway 403 and the 401 and 407 close for drivers and Cooksville GO a short distance south.
What's the City Centre area like?
City Centre living is urban and lock-and-leave, with Square One, restaurants, Celebration Square events, the Living Arts Centre and a Sheridan College campus all within walking distance — ideal for professionals, downsizers and investors. Phoenix Condos puts you right in it.
Similar & Nearby Buildings
Other buildings in this pocket of City Centre with units on the market right now.
View Building
Phoenix Condos
251 Manitoba Street
$480k - $899k · Median $552k
Maintenance Fees: $378–$683/mo · Suite Sizes: 500–1,599 ft²
Building Features: 499 units · 29 floors · Built 2021
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Grand Park 2 Condos
3975 Grand Park Drive
For Sale: $429k - $999k · Median $517k
Maintenance Fees: $488–$1,136/mo
For Rent: $2,300 - $3,150/mo · Median $2,688/mo
Building Features: 469 units · 48 floors · Built 2018
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Grand Park Condos
3985 Grand Park Drive
For Sale: $429k - $720k · Median $599k
Maintenance Fees: $499–$919/mo · Suite Sizes: 844–2,137 ft²
For Rent: $2,250 - $4,995/mo · Median $2,800/mo
Building Features: 319 units · 28 floors · Built 2014
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M City 2 Condos
3883 Quartz Road
For Sale: $358k - $850k · Median $500k
Maintenance Fees: $397–$1,022/mo
For Rent: $2,200 - $4,200/mo · Median $2,675/mo
Building Features: 793 units · Built 2024
More Buildings in City Centre
Every other condo and townhouse building we cover in City Centre, Mississauga.
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- Avia Condos
- Block Nine South Tower
- Centre IV Condos
- Chicago Condominiums
- City Gate Condos
- Club One Condos
- Grand Ovation Condos
- Grand Park 2 Condos
- Grand Park Condos
- Grand Residences of Parkside Village
- M City 2 Condos
- M City Condos
- M City III Condos
- Monarchy Condos
- One Park Tower
- Onyx Condos
- Ovation Condos
- Ovation Ⅱ Condos
- Park Residences at Parkside Village
- Platinum Condos
- PSV Tower
- PSV2 Condos
- Residences Condos
- Solstice Condos
- The Capital Condos
- The Capital II Condos
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Miko Nalepa
Realtor® at The Condo Bar Real Estate · RECO #4737024
Realtor® with Right At Home Realty, Brokerage, covering condos and townhouses in Mississauga, Oakville, Burlington and Milton. More about Miko Nalepa
Building details are approximate and may change. Confirm fees, sizes and availability with the condo corporation before you buy.