$858,000

For sale

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#11 5255 Palmetto Place, Mississauga (Churchill Meadows) - Single Family for Sale

#11 5255 Palmetto Place, Mississauga (Churchill Meadows), Ontario, L5M0H2

3 beds4 baths2 parking ft²

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Investment analysis

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$858,000

Mississauga

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Description

End-unit condo townhouse offering 3 bedrooms, 4 bathrooms and a finished basement, with approximately 1,900 sq. ft. of living space, including the basement. Features include a renovated kitchen with quartz countertops and stainless-steel appliances, hardwood flooring on the main and second floors, a built-in garage and a private driveway. The furnace and central air conditioning were replaced in 2022 and conveniently located near Erin Mills Town Centre, Credit Valley Hospital, parks, schools, recreation facilities, public transit and major highways. (id:66096)

Property Details

MLS®: W14089438
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 4
Half Baths: 1
Parking: 2
Interior Size: 1,900 ft²
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Condo Fee: $378/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax: $5,472/yr
Listed: 20 days ago

Rooms

Main level

Living room: 6.71 x 3.1 meters
Dining room: 6.71 x 3.1 meters
Kitchen: 6.7 x 2.3 meters
Eating area: 6.7 x 2.3 meters

Second level

Primary Bedroom: 5.03 x 3.66 meters
Bedroom 2: 6.4 x 2.3 meters
Bedroom 3: 4.42 x 2.6 meters

Basement

Recreational, Games room

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

20d

Mississauga (Churchill Meadows) listings, avg age

47d

Price / ft²

$452

List price

$858K

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (L5M)

This home lists at $858,000, about 7.3× the local median household income of $118,000.

Carrying it typically needs a household income of about $167,597 (20% down, 25-yr amortization, stress-tested) — roughly 42% above the area median.

Median household income: $118,000
Population: 106,468
Median age: 39.6
Owner / renter: 77% / 23%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L5M)

$858,000· $452/ft²

For sale

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Full Cost Breakdown

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Down Payment7.09% · $60,800.00

Min 7.09%50%

Mortgage payment$4,420/mo

↳ CMHC premium ($31,888 capitalized)

Property tax (est.)$456/mo

Condo fee$378/mo

Total monthly$5,254

Cash Needed to Close

Down payment (7.09%)$60,800

Land transfer tax$13,635

Est. closing costs$5,074

Total cash needed$79,509

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#11 5255 Palmetto Place, Mississauga (Churchill Meadows) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L5M)

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Full Cost Breakdown