Condominium · City Centre, Mississauga
Centre IV Condos400 Webb Drive, Mississauga, ON L5B 3Z7
Established High-Rise Living Steps from Square One
As of October 2026, Centre IV Condos has 5 units for sale from $509K to $649K (median $550K) and 2 for rent from $2,750 to $3,500 a month. Maintenance fees run $792 to $1,125 a month, and these listings have been on the market for an average of 40 days.
- Year Built
- 1991
- Units
- 225
- Floors
- 23
- Asking Now
- $509K–$649K
- Maintenance
- $792–$1,125/mo
5 units for sale at 400 Webb Drive, plus 2 for rent
About Centre IV Condos
The building has 225 suites. Amenities include an indoor pool, a concierge, a fitness centre, and a sauna. Pets are not permitted.
A 1991 Tower Near Square One. Centre IV is a 23-storey condo at 400 Webb Drive, near Webb Drive and Confederation Parkway in Mississauga's City Centre. The Conservatory Group built it in 1991. From 400 Webb Drive, it's a short walk to Square One.
Roomy Suites. The building has 224 suites, from 880 to 1,485 square feet. That's more space than many newer downtown units, which suits couples, downsizers and small families. Buyers moving out of a house often find the room they need at Centre IV.
Sports and Recreation. Centre IV stands out for its courts. Residents have a tennis court, which is rare downtown, plus squash and basketball courts. Centre IV also has a pool indoors, a whirlpool, a sauna and a workout room.
Getting Around. Centre IV residents can catch a bus at the downtown terminal or light rail on Hurontario. Highway 403 is minutes away by car, and GO trains leave from Cooksville.
Before You Buy. For a tower from 1991, the reserve fund and recent upgrades matter. Ask about both.
Nearby and Market. M City 2 and Platinum are close neighbours. Downtown sales are tracked in the City Centre report.
Unit Types in This Building
| Unit Type | Asking Now | Size | Maint. /ft²/mo |
|---|---|---|---|
| 2 Bed | None listed | 950 ft² | — |
| 2 Bed + Den | $509K–$649K | 950–1,500 ft² | $0.75–$0.83 |
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
- Concierge
- Elevator
- Exercise Room
- Guest Suites
- Gym
- Indoor Pool
- Party Room/Meeting Room
- Recreation Room
- Sauna
- Tennis Court
- Visitor Parking
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
Centre IV 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
- St. Giovanni Scalabrini Catholic School School534 m · 7 min walk
Dufferin-Peel CDSB — JK-8
- École élémentaire Le Flambeau551 m · 7 min walk
CS Viamonde — JK-6
- Meadowvale Village Public School551 m · 7 min walk
Peel DSB — JK-6
- St Catherine of Siena School551 m · 7 min walk
Dufferin-Peel CDSB — JK-8
- St Margaret of Scotland School551 m · 7 min walk
Dufferin-Peel CDSB — JK-8
Secondary
- Applewood Heights Secondary School551 m · 7 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 & Juice210 m
- Java-U Coffee House224 m
Grocery
- Aisle 24 Market205 m
Park
- Cleary Park136 m
Pet Store
- Pet Valu240 m
Restaurant
- Alioli Ristorante208 m
- Sora Sushi247 m
- Kinten Ramen315 m
Centre IV Condos Market Snapshot
Live snapshot of this building's own listings -- rentals not included
Bedrooms
Centre IV Condos currently has 5 homes for sale, with a median asking price of $550K, averaging 40 days on market. Over the last 24 months, 7 units have sold in the building at a median of $549.9K — selling at 95% of asking price (based on a small number of sales).
Centre IV Condos by the numbers
vs City Centre and Mississauga
At Centre IV Condos, the median asking price for condo apartments is $550K, higher than City Centre ($500K) and Mississauga ($525K).
At Centre IV Condos, listings have been on the market for an average of 40 days, shorter than City Centre (49) and Mississauga (55).
At Centre IV Condos, there are 17.1 months of inventory at the recent sales pace, more than City Centre (6.8) and Mississauga (6.4).
| Metric | Centre IV Condos Live snapshot · sold last 24mo | City Centre 2026-10-01 · sold last 24mo | Mississauga 2026-10-01 · sold last 24mo |
|---|---|---|---|
| Active Listings | 5 | 282 | 761 |
| Median Asking Price | $550K | $500K | $525K |
| Avg. Days on Market | 40 | 49 | 55 |
| Sold (24mo) | 7 | 1,050 | 2,740 |
| Median Sold Price | $549.9K | $510K | $520K |
| Median $/sqft (Sold) | $441 | $653 | $614 |
| Sale-to-List Ratio | 95% | 97% | 97% |
| Months of Inventory | 17.1 mo | 6.8 mo | 6.4 mo |
Active Inventory
Active Listings by Unit Type
| Unit Type | Count | Median | Highest | Lowest | Avg. DOM |
|---|---|---|---|---|---|
| 2 Bed + Den | 5 | $550K | $649K | $509K | 40 |
Closed Sales — Last 24 Months
Based on a small number of sales (7) — figures may not reflect the broader market.
Aggregate estimates from TRREB MLS® data (PropTx feed). Deemed reliable but not guaranteed, and not an appraisal. Full terms.
Frequently Asked Questions
Who is the developer of Centre IV Condos and when was it completed?
Centre IV Condos was built by the Conservatory Group and was completed in 1991.
How many storeys and suites make up Centre IV Condos?
The building stands at 23 storeys tall and comprises a total of 224 suites.
What sizes are the suites at Centre IV Condos?
The suites at Centre IV Condos feature layouts that range in size from 880 square feet to 1,485 square feet.
Where is Centre IV Condos located?
The building is located at the intersection of Webb Drive and Confederation Parkway in Mississauga, situated just a short walk from Square One Shopping Centre.
Does Centre IV Condos feature a tennis court?
Yes, Centre IV Condos includes a tennis court, which is a rare and highly desirable amenity for condominium towers in the Square One area.
What other recreational amenities are available to residents at Centre IV Condos?
Residents have access to an indoor pool, a fully equipped fitness room, a sauna, a whirlpool, a squash court, and a basketball court.
Similar & Nearby Buildings
Other buildings in this pocket of City Centre with units on the market right now.
View Building
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
View Building
Platinum Condos
350 Webb Drive
For Sale: $529k - $575k · Median $550k
Maintenance Fees: $785–$969/mo · Suite Sizes: 1,000–1,599 ft²
For Rent: $2,900 - $2,900/mo
Building Features: 256 units · 22 floors · Built 1990
View Building
M City Condos
3900 Confederation Parkway
For Sale: $299k - $795k · Median $490k
Maintenance Fees: $347–$861/mo
For Rent: $2,100 - $4,500/mo · Median $2,488/mo
Building Features: 784 units · 60 floors · Built 2024
View Building
M City III Condos
448 Burnhamthorpe Road W
$2,100 - $3,500/mo · Median $2,600/mo
Building Features: 879 units · 81 floors · Built 2024
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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.