$499,999

For sale

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#120 3455 Morning Star Drive, Mississauga (Malton) - Single Family for Sale

#120 3455 Morning Star Drive, Mississauga (Malton), Ontario, L4T3T9

3 beds2 baths1 parking ft²

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Investment analysis

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$499,999

Mississauga

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Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $499,999, it is attractively priced about 14% below the $579,000 median asking price in Mississauga. It has been on the market 65 days, fresher than the Mississauga average of 72 days.

Condos for Sale in Mississauga →All real estate in Mississauga →

Description

Welcome To This Bright And Spacious 3-Bedroom, Two-Level Condo, Fully Renovated And Ready To Enjoy! Offering The Feel And Functionality Of A Home With The Convenience Of Condo Living. Unbeatable Location Within Walking Distance To Westwood Mall, Transit Terminal, Grocery Stores, Banks And Everyday Amenities. Approx. 10 Minutes To Pearson Airport With Easy Access To Major Highways And Convenient Connections To Toronto, Peel And York Region. Excellent Opportunity For Families And First-Time Buyers! (id:66096)

Rooms

Ground level

Living room: 5.9 x 3.1 meters
Kitchen: 3.4 x 2.9 meters
Bedroom 3: 3.5 x 2.5 meters

Second level

Primary Bedroom: 5.6 x 2.7 meters
Bedroom 2: 3.7 x 2.9 meters
Laundry room: 2.4 x 1.6 meters
Storage: 2.8 x 3.28 meters

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

65d

Mississauga (Malton) listings, avg age

72d

Price / ft²

$385

List price

$500K

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 (L4T)

This home lists at $499,999, about 6.0× the local median household income of $84,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 16% above the area median.

Median household income: $84,000
Population: 38,182
Median age: 34.4
Owner / renter: 60% / 40%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L4T)

$499,999· $385/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$170/mo

Condo fee$590/mo

Total monthly$3,393

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$6,475

Est. closing costs$4,000

Total cash needed$35,475

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

#120 3455 Morning Star Drive, Mississauga (Malton) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L4T)

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Full Cost Breakdown