55 Elm Dr Elm Drive, Unit 12, Mississauga, ON

$554,990
MLS#:W12001047
3 beds
2 baths
1200-1399 sqft
2.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of City Centre. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $554,990 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1200-1399 sqft
  • Features a other basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Introducing unit 1112 at 55 Elm Dr West in the heart of Mississauga City Centre. This spacious 2-bedroom, 2-bathroom condo is located in a gated condo community and offers 1260 sq.ft of total finished living space stunning views of the city. Offers a very convenience location to all essential amenities, including the renowned Square One Shopping Mall. Easy access to Highway 403, and outdoor enthusiasts will appreciate the nearby parks and green spaces. This unit also comes with two parking spaces, which makes parking very convenient. This unit provides the perfect blend of comfort, convenience, and a vibrant urban lifestyle. Enjoy everything this condo building has to offer, from its security, visitor parking, gym, indoor pool, party room and more ! Newly painted (2024), new Appliances (2025) new light fixtures (2025). **EXTRAS** The monthly maintenance fee covers hydro (electricity), water, heating, air conditioning, and cable TV .

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Property Summary

This condo apartment located at 55 Elm Dr Elm Drive, Mississauga is currently for sale and has been available on SousaSells for 500 days. This property is listed at $554,990 with an estimated mortgage of $1,847* per month. It has 3 beds, 2 bathrooms, and is 1200-1399 square feet. 55 Elm Dr Elm Drive, Mississauga is in the City Centre neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1200-1399 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateMay 9, 2025
Sold price information is available to members only
Listed Date3/3/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementOther
CountyPeel
Annual Tax$3,076.61

Parking & Garage

Parking Spaces2.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Arts Centre, Library, Public Transit, School, School Bus Route

Interior Features

Auto Garage Door Remote, Carpet Free

Security Features

Concierge/Security

Community Features

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Location

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55 Elm Dr Elm Drive, Unit 12, 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 55 Elm Dr Elm Drive W 1112, Mississauga, ON L5B 3Z3

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.

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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$166,497 (30.0%)
* Minimum Canadian down payment required for this price is $30,499.
Amortization Period30 Years
Estimated Monthly Payment$1,847Based on a loan of $388,493 over 30 years.
Purchase Price$554,990
Loan Amount$388,493
Provincial Land Transfer Tax:$7,575
Total Estimated Closing Taxes:$7,575

About Purchasing a Home in Mississauga, ON

For a property listed at $554,990 in Mississauga, the legal minimum down payment is $30,499 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 $7,575 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 $7,575.

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City & Neighborhood Guide

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

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$590,970

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

Bishop Scalabrini
Public225 Central Parkway West, Fairview, Mississauga, Ontario, L5B 3J5
6.4
Elm Drive
Public100 Walford Court, Fairview, Mississauga, Ontario, L5B 1T8
4.9
Corpus Christi
Public4155 Elora Drive, Creditview, Mississauga, Ontario, L5B 3N4
6.4
St Philip
Public345 Fairview Road West, Fairview, Mississauga, Ontario, L5B 3W5
7.2
Sts Peter & Paul
Public4205 Woodington Drive, Rathwood, Mississauga, Ontario, L4Z 1K2
6.9

Secondary Schools

Father Michael Goetz
Public330 Central Parkway West, Fairview, Mississauga, Ontario, L5B 3K6
4.0
Iona SS
Public1585, Mississauga Valleys, Mississauga, Ontario, L5A 3W9
6.2

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.