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New3 hours ago

1801 - 55 Elm Drive W

City Centre, Mississauga

$395,000

Condo Apartment |
1 + 1 | 2 | 1 | 0
About this home

Your search is finally over! Welcome to 55 Elm Drive, where space, natural light and convenience come together in the heart of Mississauga City Centre. This beautifully maintained and updated 861 sq. ft. suite offers a bright, open-concept layout with large wall-to-wall windows showcasing unobstructed city views, lush greenery and a partial lake view. French doors lead into the sun-filled solarium, creating the perfect extension of your living space, while sliding glass doors open to the spacious bedroom complete with a walk-in closet and 4-piece ensuite. Move-in ready and exceptionally well cared for, the suite features newer laminate flooring, a renovated ensuite bathroom, fresh paint and professional cleaning throughout. The kitchen overlooks the dining area and offers ceramic flooring and backsplash along with additional pantry space, making it ideal for both everyday living and entertaining. A convenient 2-piece powder room, ensuite laundry and mirrored closet doors off the main foyer complete the functional layout .Enjoy the ease of truly all-inclusive maintenance fees covering hydro, heat, A/C, water, cable TV, building insurance and parking. This well-managed building offers an impressive collection of amenities including 24-hour gatehouse security, an indoor pool, sauna, hot tub, gym, billiards room, party room, meeting room, squash court, tennis courts, BBQ area and visitor parking. Ideally situated within walking distance to Square One and everything Mississauga City Centre has to offer, with convenient access to major highways including the QEW, 403, 410 and 401, as well as Toronto Pearson International Airport. Come experience this spacious and sun-filled suite for yourself-a beautifully maintained home offering exceptional value, convenience and views in the heart of Mississauga!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$773
LockerNone
BalconyNone
ExposureSouth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesNone
Property Tax$2,654
mls© NumberW13670128
Listed ByRE/MAX WEST REALTY INC.
Heat Included
Hydro Included
Water Included
Cable TV Included
CAC Included
Common Elements Included
Building Insurance Included
Parking 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%
$2,022
Property tax
$221
Heat allowance
$150
Condo fees, half counted
$386
Housing costs
$2,779 / mo

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

Down payment20% · $79,000
25-yr amortization

Income needed

$86,000

gross annual household income

Payment at 4%
$1,662 / mo
Cash down
$79,000

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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