2301 Derry Road, Mississauga, ON

$524,500
MLS#:W9003722
2 beds
1 baths
800-899 sqft
2.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on August 12, 2024. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Meadowvale. Expertly crafted featuring premium concrete and brick construction, this residence presents an exceptional opportunity offered at $524,500 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 800-899 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • Efficient other heating via gas

Description

Wonderful opportunity, and very affordable for first time home buyers in great Meadowvale neighbourhood. Very well maintained, spacious 2 bedroom condo unit, almost 900 sq. ft. with washer and dryer in-suite. Spacious living and dining room area with lots of natural light from the large windows, and sliding door to large balcony. Large principal bedroom and generous sized second bedroom. Renovated bathroom with new floor tub surround and vanity. No carpet in unit. Two parking spaces. Conveniently location with easy access to 401, Meadowvale Town Centre, GO station, Bus Terminal, Community Centre and Walmart. Surrounded by hiking trails, Lake Aquitaine and Lake Wabukayne. Well managed building. Fees include cable T.V. and internet.

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Property Summary

This condo apartment located at 2301 Derry Road, Mississauga is currently for sale and has been available on SousaSells for 744 days. This property is listed at $524,500 with an estimated mortgage of $1,746* per month. It has 2 beds, 1 bathroom, and is 800-899 square feet. 2301 Derry Road, Mississauga is in the Meadowvale neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateAugust 12, 2024
Sold price information is available to members only
Listed Date7/2/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete, Brick
BasementNone
CountyPeel
Annual Tax$1,560

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeOther
CoolingNone

Features

Property Features

Lake/Pond, Park, Place Of Worship

Interior Features

Carpet Free

Security Features

Security System

Community Features

Location

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2301 Derry Road, Mississauga, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2301 Derry Road W 508, Mississauga, ON L5N 2R4

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mississauga.

Configure Loan Settings

Interest Rate4.00%
Down Payment$157,350 (30.0%)
* Minimum Canadian down payment required for this price is $27,450.
Amortization Period30 Years
Estimated Monthly Payment$1,746Based on a loan of $367,150 over 30 years.
Purchase Price$524,500
Loan Amount$367,150
Provincial Land Transfer Tax:$6,965
Total Estimated Closing Taxes:$6,965

About Purchasing a Home in Mississauga, ON

For a property listed at $524,500 in Mississauga, the legal minimum down payment is $27,450 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $6,965 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $6,965.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Meadowvale, Mississauga.

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$935,959

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
24%
Other households
6%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

Shelter Bay
Public6735 Shelter Bay Road, Meadowvale, Mississauga, Ontario, L5N 2C5
6.1
St John of the Cross
Public3180 Aquitaine Avenue, Meadowvale, Mississauga, Ontario, L5N 3S5
9.5
Plowman's Park
Public5940 Montevideo Road, Meadowvale, Mississauga, Ontario, L5N 3J5
4.6
St Teresa of Avila
Public6675 Montevideo Road, Meadowvale, Mississauga, Ontario, L5N 4E8
6.9
Settler's Green
Public5800 Montevideo Road, Meadowvale, Mississauga, Ontario, L5N 2S1
5.7

Secondary Schools

Meadowvale SS
PublicMeadowvale, Mississauga, Ontario
6.1
Our Lady of Mount Carmel
Public3700 Trelawny Circle, Lisgar, Mississauga, Ontario, L5N 5J7
6.9

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.