55 Elm Drive, Unit 12, Mississauga, ON

$749,900
MLS#:W9244554
3 beds
2 baths
1400-1599 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 $749,900 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 1400-1599 sqft
  • 2.0 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

Executive & Luxurious The Largest Unit Rarely Come Available.Amazing layout of this Bright & Spacious corner unit offers a blend of modern comfort and convenient amenities. Renovated within the past several years, it boasts hardwood floors throughout, granite countertops in the kitchen and both bathrooms, and premium appliances. The unit features three good-sized bedrooms, with the third room converted from a solarium, offering versatility in its use. 1590 Sq.Ft living area plus 2 large Terraces.The master bedroom includes a spacious walk-in closet, while all rooms are generously sized, providing ample living space. Custom window coverings add a touch of elegance, while pot lights illuminate the interior.Situated in prime central Mississauga, the location offers easy access to public transit, major shops, schools, and parks. The unit comes with two parking spots, providing added convenience for residents with multiple vehicles.

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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 704 days. This property is listed at $749,900 with an estimated mortgage of $2,496* per month. It has 3 beds, 2 bathrooms, and is 1400-1599 square feet. 55 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
1400-1599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateOctober 11, 2024
Sold price information is available to members only
Listed Date8/8/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyPeel
Annual Tax$3,367

Parking & Garage

Parking Spaces2.0
Garage Spaces2
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School, School Bus Route

Interior Features

Carpet Free

Security Features

Community Features

Location

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55 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 Drive 113, 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.

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$224,970 (30.0%)
* Minimum Canadian down payment required for this price is $49,990.
Amortization Period30 Years
Estimated Monthly Payment$2,496Based on a loan of $524,930 over 30 years.
Purchase Price$749,900
Loan Amount$524,930
Provincial Land Transfer Tax:$11,473
Total Estimated Closing Taxes:$11,473

About Purchasing a Home in Mississauga, ON

For a property listed at $749,900 in Mississauga, the legal minimum down payment is $49,990 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 $11,473 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 $11,473.

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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$590,928

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.