55 Elm Drive, Unit 1, Mississauga, ON

$395,000
MLS#:W13670128
2 beds
2 baths
800-899 sqft
1.0 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 brick construction, this residence presents an exceptional opportunity offered at $395,000 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 2 Bathrooms
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

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!

Work with the SOUSA TEAM to unlock your . If we are unable to negotiate your purchase price below asking, we'll rebate you up to $10,000!*

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Property Summary

This condo apartment located at 55 Elm Drive, Mississauga is currently for sale and has been available on SousaSells for 0 days. This property is listed at $395,000 with an estimated mortgage of $1,315* per month. It has 2 beds, 2 bathrooms, and is 800-899 square feet. 55 Elm Drive, Mississauga is in the City Centre neighborhood.

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* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.
Is this a Good Home for Families?

Yes! Featuring 2 bedrooms and 2 bathrooms, this home offers ample space and comfort for growing families in City Centre, Mississauga.

Highly Recommended for Families
What We Love About This Home
  • 2 spacious bedroom layout offering versatile living space
  • 2 well-appointed bathrooms
  • 800-899 sqft of generous functional square footage
Standout Features & Layout
Who Should Buy This Home?

Urban professionals, first-time buyers, or investors looking for low-maintenance living in Mississauga.

Target Buyer Match

Key Features

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

Additional Details

StatusActive
Listed Date8/13/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyPeel
Annual Tax$2,654.47

Parking & Garage

Parking Total1.0
Parking Space1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

None listed

Interior Features

  • Carpet Free

Security Features

  • Alarm System
  • Carbon Monoxide Detectors
  • Security Guard
  • Smoke Detector
  • Concierge/Security

Community Features

None listed

Frequently Asked Questions about 55 Elm Drive, Unit 1, Mississauga, ON

Q.What is the asking price for 55 Elm Drive, Unit 1, Mississauga, ON ?

The current listing price for 55 Elm Drive, Unit 1, Mississauga, ON in City Centre, Mississauga is $395,000.

Q.How many bedrooms and bathrooms does this property have?

This property features 2 bedrooms and 2 bathrooms across approximately 800-899 sqft.

Q.What property type and architectural style is 55 Elm Drive, Unit 1, Mississauga, ON ?

55 Elm Drive, Unit 1, Mississauga, ON is a Condo Apartment (Apartment) featuring a None basement.

Q.What interior features are included in this home?

Interior highlights include: Carpet Free.

Q.What security features are installed at 55 Elm Drive, Unit 1, Mississauga, ON ?

Security features include: Alarm System, Carbon Monoxide Detectors, Security Guard, Smoke Detector, Concierge/Security.

Q.Is parking available at this property?

Yes, this property offers parking space for 1.0 vehicle (Underground).

Q.What heating and cooling systems are installed?

Heating is provided via Gas and cooling via Central Air.

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Location

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55 Elm Drive, Unit 1, 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 Drive W 1801, 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.

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Interest Rate4.00%
Down Payment$118,500 (30.0%)
* Minimum Canadian down payment required for this price is $19,750.
Amortization Period30 Years
Estimated Monthly Payment$1,315Based on a loan of $276,500 over 30 years.
Purchase Price$395,000
Loan Amount$276,500
Provincial Land Transfer Tax:$4,400
Total Estimated Closing Taxes:$4,400

About Purchasing a Home in Mississauga, ON

For a property listed at $395,000 in Mississauga, the legal minimum down payment is $19,750 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 $4,400 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 $4,400.

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City Centre, Mississauga 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$600,950

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%

Best Schools in City Centre, Mississauga

Elementary Schools

Elm Drive
Public100 Walford Court, Fairview, Mississauga, Ontario, L5B 1T8
4.9
Bishop Scalabrini
Public225 Central Parkway West, Fairview, Mississauga, Ontario, L5B 3J5
6.4
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

City Centre, Mississauga Demographic Home information

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.