$610,000

For saleJust listed

#1205 50 Elm Drive East, Mississauga (Mississauga Valleys) - Single Family for Sale

#1205 50 Elm Drive East, Mississauga (Mississauga Valleys), Ontario, L5A3X2

3 beds2 baths2 parking1,300 ft²$1,176/mo condo feeListed 3 days ago

Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. It has been on the market 3 days, fresher than the Mississauga average of 60 days.

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Description

It is not easy to find a 3-bedroom condo this size with so much living space! Be the first to enjoy this completely renovated home ready for you to call your own! This bright, spacious and beautifully finished home features an open-concept layout with a modern kitchen, brand-new appliances and a stylish wet bar with a built-in beverage fridge perfect for a coffee station as well! Enjoy your coffee or sip some wine on the private balcony that offers fantastic views of the city skyline. The separate laundry room adds extra convenience and storage. Generous-sized bedrooms and new bathrooms! Ideally located in the heart of Mississauga, close to shopping, transit, schools and trails. The building offers an impressive selection of amenities, including a gym, billiards room, library, party room, tennis courts and ample visitor parking. Comes complete with two underground parking spaces and a locker for additional storage. Freshly renewed and move-in ready, just add your personal decor and make it home. (id:66096)

Property Details

MLS®: W14136678
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,176/mo
Fee Includes: Common Area Maintenance, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,785.03/yr
Listed: 3 days ago

Rooms

Flat

Kitchen: 4.8 x 3.3 meters
Eating area: 3.89 x 3.3 meters
Dining room: 4.6 x 3.5 meters
Living room: 5.1 x 3.69 meters
Laundry room: 3.1 x 2.04 meters
Primary Bedroom: 4.6 x 3.4 meters
Bedroom: 3.55 x 2.7 meters
Bedroom 3: 3.1 x 2.7 meters

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

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Range, Dryer, Microwave, Garage door opener remote(s)
Flooring: Laminate, Ceramic
Exterior: Concrete
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Mississauga (Mississauga Valleys) listings, avg age

60d

Price / ft²

$469

List price

$610K

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.

Haho

This 3-bed single family in Mississauga (Mississauga Valleys) has been listed for 3 days, which is 57 days fresher than the city average of 60. Act while there is still low competition.

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Listed by ROYAL LEPAGE MAXIMUM REALTY · KIM TAUS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5A)

This home lists at $610,000, about 7.6× the local median household income of $80,000.

Carrying it typically needs a household income of about $119,154 (20% down, 25-yr amortization, stress-tested) — roughly 49% above the area median.

Median household income: $80,000
Population: 47,406
Median age: 41.2
Owner / renter: 50% / 50%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L5A)

$610,000· $469/ft²

For sale

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Full Cost Breakdown

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Down Payment5.90% · $36,000

Min 5.90%50%

Mortgage payment$3,182/mo

↳ CMHC premium ($22,960 capitalized)

Property tax (est.)$232/mo

Condo fee$1,176/mo

Total monthly$4,591

Cash Needed to Close

Down payment (5.90%)$36,000

Land transfer tax$8,675

Est. closing costs$4,330

Total cash needed$49,005

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