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New3 hours ago

604 - 55 Elm Drive

City Centre, Mississauga

$449,000

Condo Apartment |
1 + 1 | 2 | 2 | 1
About this home

Location, Location, Location!Discover this spacious Tridel-built luxury condo in the vibrant heart of Mississauga City Centre. This bright, well maintained corner suite offers approximately 1,040 sq. ft. of functional living space, featuring 1 bedroom + an oversized solarium (can be converted to a second bedroom or home office) and 2 bathrooms. Enjoy a sun-filled open-concept layout with wall to wall windows, unobstructed west-facing views, and breathtaking sunsets. The large primary bedroom with his/her closets and a private 5 piece ensuite bathroom, Ideal for first time buyers, downsizers, and investors.Residents enjoy resort-style amenities: 24-hour gatehouse security, indoor rooftop pool, fitness centre, tennis court, party room, billiards room, media room, guest suites, visitor parking, with two underground parking sports and large locker, and beautifully landscaped grounds.Unbeatable location-steps from Square One, Celebration Square, Sheridan College, YMCA, Central Library, restaurants, parks, public transit, and the future Hurontario LRT. Minutes to Highways 403, 401 & QEW. Maintenance fees include all utilities.Exceptional value in one of Mississauga's most sought-after Tridel communities. A must see show with confidence!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. Age16-30
Size1000-1199 sq. ft.
Maintenance Fees$970
LockerExclusive
BalconyNone
ExposureNorth West
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$2,895
mls© NumberW13664898
Listed ByREALTY ONE GROUP FLAGSHIP
Cable TV Included
CAC Included
Common Elements Included
Heat Included
Hydro Included
Building Insurance Included
Parking Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,298
Property tax
$241
Heat allowance
$150
Condo fees, half counted
$485
Housing costs
$3,174 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $89,800
25-yr amortization

Income needed

$98,000

gross annual household income

Payment at 4%
$1,889 / mo
Cash down
$89,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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