$588,000

For sale

#2204 55 ELM Drive West, Mississauga - Single Family for Sale

#2204 55 ELM Drive West, Mississauga, Ontario, L5B3Z3

2 beds2 baths2 parking1,039 ft²$870/mo condo feeListed 115 days ago

Overview

This 2-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,039 sq ft of space. Its $588,000 asking price sits right in line with the $579,900 median in Mississauga.

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Description

Welcome to this stunning 2-bedroom, 2-bathroom condo on the 22nd floor of 55 Elm Drive W, offering some of the most breathtaking, unobstructed views of the city through an entire wall of floor-to-ceiling windows that run from the primary bedroom through the open-concept living and dining areas, and into the second bedroom. The natural light and skyline vistas create a truly elevated living experience. Inside, you'll find a functional layout perfect for both relaxing and entertaining, while the building itself offers an impressive selection of amenities including outdoor tennis courts, indoor squash courts, a rooftop BBQ area and expansive common terrace, an indoor pool, hot tub, sauna, a fully equipped gym, library, billiards room, party room, and boardroom. Located in the heart of Mississauga, just steps from Square One, transit, shopping, and dining, this condo combines luxury, convenience, and incredible views in one exceptional package. (id:66096)

Property Details

MLS®: 40847772
Property Type: Single Family
Zoning: RM7D5
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,039 ft²
Storeys: 1
Style: Other
Basement: None
Heating: Natural gas
Cooling: Central air conditioning
Garage: Underground, None
Condo Fee: $870/mo
Ownership: Condo/Strata
Property Tax

Rooms

Main level

4pc Bathroom
Bedroom: 14'0'' x 12'8''
Bedroom: 10'0'' x 11'2''
Living room: 6'4'' x 11'5''
Dining room: 6'4'' x 11'5''
Eat in kitchen
2pc Bathroom

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
Exterior: Concrete

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

115d

Mississauga listings, avg age

58d

Price / ft²

$566

List price

$588K

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 2-bed single family in Mississauga is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by Keller Williams Complete Realty · Vera Nura

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5B)

This home lists at $588,000, about 7.4× the local median household income of $79,000.

Carrying it typically needs a household income of about $114,857 (20% down, 25-yr amortization, stress-tested) — roughly 45% above the area median.

Median household income: $79,000
Population: 67,131
Median age: 37.2
Owner / renter: 55% / 45%
Avg. household size: 2.4

Source: Statistics Canada, 2021 Census (FSA L5B)

$588,000· $566/ft²

For sale

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Full Cost Breakdown

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Down Payment5.75% · $33,800.00

Min 5.75%50%

Mortgage payment$3,073/mo

↳ CMHC premium ($22,168 capitalized)

Property tax (est.)$242/mo

Condo fee$870/mo

Total monthly$4,185

Cash Needed to Close

Down payment (5.75%)$33,800

Land transfer tax$8,235

Est. closing costs$4,264

Total cash needed$46,299

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