LPH8-50 Absolute Avenue, Mississauga, ON
City Centre, Mississauga · MLS® W13575838
About this home
Experience elevated living in the iconic Marilyn Monroe Towers, one of Mississauga's most recognized luxury residences. This exceptional lower penthouse with upgraded finishes throughout offers 2 spacious bedrooms, 2 full bathrooms, soaring ceilings, 8 ft doors, and breathtaking unobstructed views framed by expansive floor-to-ceiling windows. A spectacular 75 ft. wraparound balcony, accessible from every room, creates seamless indoor-outdoor living and showcases the skyline from every angle.The thoughtfully designed open-concept layout is perfect for entertaining, featuring a breakfast bar, granite kitchen countertops and backsplash, Jenn-Air stainless steel kitchen appliances, and a Sub-Zero integrated refrigerator. The generous primary retreat boasts a private ensuite, while brand new engineered hardwood flooring adds warmth and sophistication throughout. Complete with a tandem parking space for 2 vehicles, locker, and exclusive access to the stunning 48th-floor lounges, residents also enjoy an impressive collection of resort-inspired amenities, including indoor and outdoor pools, a fully equipped fitness centre, basketball and squash courts, elegant party rooms, guest suites, 24-hour concierge, and beautifully landscaped grounds.Ideally located in the heart of Mississauga, you're just steps from Square One Shopping Centre, Celebration Square, top-rated restaurants, cafés, Sheridan College, the Living Arts Centre, YMCA, and scenic parks. Enjoy effortless access to Highways 403, 401, and the QEW, as well as the future Hurontario LRT, making commuting throughout the GTA exceptionally convenient.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13575838
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 800-899
- Cross streets
- Hurontario and Absolute
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $960/mo
- Exposure
- East
- Property tax
- $3,666 / 2026
- Listing brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Listed at $499,990, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
Based on 28 similar homes nearby, adjusted for size, beds, and baths.Median of 28 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $566K, a close match.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $440K
- Adjusts to $440K
That comparable adjusts to $440K; the $543K estimate above is the median of all 28 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On location, this is a very walkable address with everyday errands close by. Hurontario St At Robert Speck Pky is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $543K, median of 28 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 6% below the area average of $625/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
City Centre, Mississauga, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Most daily errands can be done on foot.
🚉 Nearest transit: Hurontario St At Robert Speck Pky, about 119 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Mississauga.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $399,992 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,135
- Property tax
- $306
- Condo / maintenance fees
- $960
- Heating
- $0
- Estimated monthly cost
- $3,400
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,475
- Estimated closing costs
- $6,475
Plus your down payment of $99,998. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $128,070
- Principal paid down
- $50,939
- Interest paid
- $77,131
- Balance remaining
- $349,053
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX REAL ESTATE CENTRE INC.. MLS®/PropTx.