$469,000

For sale

#402 483 Faith Drive, Mississauga (Hurontario) - Single Family for Sale

#402 483 Faith Drive, Mississauga (Hurontario), Ontario, L5R0A1

2 beds2 baths2 parking1,100 ft²$1,297/mo condo feeListed 30 days ago

Overview

This 2-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,100 sq ft of space. Listed at $469,000, it is attractively priced about 22% below the $599,000 median asking price in Mississauga. It has been on the market 30 days, fresher than the Mississauga average of 52 days.

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Description

Opportunity Knocks! Spacious 1,159 sqft, corner suite with peaceful northeast views overlooking the forest. This 2-bedroom, 2-bathroom unit offers generous room sizes, an open living and dining area, large windows that let in abundant natural light and a large balcony. Huge kitchen with center island and granite counters offers the perfect setting for entertaining. Condo includes 2 owned parking spaces and a locker. A rare and fantastic opportunity at this price point. Renovate, refresh and customize the suite to your own taste, with the space and layout to create something truly special, this is not your average condo. Enjoy a well-maintained building with great amenities, including guest suites, concierge, gym and party room, all in a convenient location, close to shopping at square one, transit, parks, schools and everyday amenities. **Please note some photos are virtual renderings of what the unit could look like renovated.** (id:66096)

Property Details

MLS®: W13872140
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,297/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,547/yr
Listed: 30 days ago

Rooms

Main level

Kitchen: 4.84 x 2.22 meters
Living room: 4.11 x 3.74 meters
Dining room: 3.9 x 3.2 meters
Primary Bedroom: 5.56 x 3.7 meters
Bedroom 2: 4.34 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: Garage door opener remote(s), Water Heater
Flooring: Hardwood
Exterior: Brick, Stone
Lot Features: Wooded area, Ravine, Elevator, Balcony, Carpet Free, In suite Laundry, Guest Suite

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

30d

Mississauga (Hurontario) listings, avg age

52d

Price / ft²

$427

List price

$469K

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 (Hurontario) has been listed for 30 days, which is 22 days fresher than the city average of 52. Act while there is still low competition.

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Listed by RE/MAX PROFESSIONALS INC. · IRENE ANDREA TAVARES

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5R)

This home lists at $469,000, about 4.7× the local median household income of $99,000.

Carrying it typically needs a household income of about $91,612 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $99,000
Population: 37,022
Median age: 42
Owner / renter: 74% / 26%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L5R)

$469,000· $427/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $23,450

Min 5%50%

Mortgage payment$2,470/mo

↳ CMHC premium ($17,822 capitalized)

Property tax (est.)$379/mo

Condo fee$1,297/mo

Total monthly$4,146

Cash Needed to Close

Down payment (5%)$23,450

Land transfer tax$5,855

Est. closing costs$3,907

Total cash needed$33,212

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