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New5 days ago

1214 - 55 Elm Drive

City Centre, Mississauga

$479,900

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

Beautifully renovated, freshly painted, and move-in ready, this spacious 1,027 sq. ft. Features: 2 bathrooms and 2 parking spaces. The large den is currently used as a second bedroom, offering flexible living space. The modern kitchen features granite countertops, while the primary bedroom includes a 4-piece ensuite and walk-in closet. Laminate flooring runs throughout, complemented by stunning, unobstructed views that can be enjoyed throughout the unit. Residents enjoy an exceptional selection of amenities, including a fully equipped gym, exercise room, indoor pool, sauna, games room, squash/racquet and tennis courts, party/meeting room, rooftop deck and garden, BBQ facilities, security system, and ample visitor parking. Ideally located in central Mississauga, with convenient access to public transit, Square One Shopping Centre, Celebration Square, restaurants, schools, parks, major highways, and the future LRT. Freshly updated, spacious, and ready for its next occupant

Extras

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agent
Milad Momtaz Azad
(647) 510-8858
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size1000-1199 sq. ft.
Maintenance Fees$959
LockerEnsuite
BalconyNone
ExposureSouth West
Parking TypeUnderground
Parking Spaces2
Parking FeaturesNone
Property Tax$3,013
mls© NumberW13786006
Listed BySUTTON GROUP REALTY SYSTEMS INC.
Heat Included
Water Included
Hydro Included
Cable TV Included
Common Elements Included
Building Insurance Included
Parking Included
CAC 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%
$2,456
Property tax
$251
Heat allowance
$150
Condo fees, half counted
$479
Housing costs
$3,337 / mo

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

Down payment20% · $95,980
25-yr amortization

Income needed

$103,000

gross annual household income

Payment at 4%
$2,019 / mo
Cash down
$95,980

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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