$499,999

For sale

#1507 50 ELM Drive East, Mississauga (Mississauga Valleys) - Single Family for Sale

#1507 50 ELM Drive East, Mississauga (Mississauga Valleys), Ontario, L5A3X2

3 beds2 baths2 parking1,300 ft²$1,176/mo condo feeListed 50 days ago

Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Its $499,999 asking price sits right in line with the $519,900 median in Mississauga. It has been on the market 50 days, fresher than the Mississauga average of 62 days.

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Description

Rarely does a 3-bedroom apartment offer this combination of space, views, and location! Bright, beautifully maintained, and move-in ready, this home is ideally located just steps from downtown Mississauga and features 3 bedrooms, 2 bathrooms, 2 underground parking spaces, and stunning, unobstructed city views from the private balcony.Enjoy new flooring, newer appliances including a brand-new 2026 refrigerator, ensuite laundry, a large pantry, and fresh paint throughout. The all-inclusive maintenance fee, 2 underground parking spaces, and locker add even more value and convenience.Minutes from Square One Shopping Centre, grocery stores, restaurants, parks, community centres, the Living Arts Centre, public transit, schools, and hospitals, with the upcoming Hurontario LRT adding further connectivity. Easy access to major highways makes commuting throughout Mississauga and the GTA convenient.A fantastic opportunity for spacious, move-in-ready living in a highly convenient Mississauga location! (id:66096)

Property Details

MLS®: W13797338
Property Type: Single Family
Zoning: RM7D5
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: $2,940/yr

Rooms

Flat

Living room: 6.06 x 3.27 meters
Dining room: 2.92 x 2.62 meters
Kitchen: 2.28 x 3.03 meters
Bedroom: 4.27 x 3.33 meters
Bedroom 2: 3.39 x 2.7 meters
Bedroom 3: 3.38 x 3.36 meters
Storage: 2.06 x 1.65 meters
Laundry room: 3.38 x 2.57 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, Dryer, Window Coverings
Flooring: Laminate
Exterior: Concrete, Brick
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Mississauga (Mississauga Valleys) listings, avg age

62d

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.

Haho

This 3-bed single family in Mississauga (Mississauga Valleys) has been listed for 50 days, which is 12 days fresher than the city average of 62. Act while there is still low competition.

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Listed by REALTY 7 LTD. · VICTORIA BRODSKY

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5A)

This home lists at $499,999, about 6.2× the local median household income of $80,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$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.)$245/mo

Condo fee$1,176/mo

Total monthly$4,055

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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