$499,900

For saleJust listed

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#502 3025 Queen Frederica Drive, Mississauga (Applewood) - Single Family for Sale

#502 3025 Queen Frederica Drive, Mississauga (Applewood), Ontario, L4Y3A1

3 beds2 baths parking

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Investment analysis

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$499,900

Mississauga

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Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,100 sq ft of space. Its $499,900 asking price sits right in line with the $519,000 median in Mississauga. It has been on the market 0 days, fresher than the Mississauga average of 52 days.

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

Description

Spacious 3 Bedroom 2 Bath Condo in desirable Applewood ! Open concept Living/Dining Room featuring premium laminate floors. Upgraded Kitchen, main bathroom & primary bedroom 2pc ensuite . 3 good sized bedrooms with large windows. In-suite laundry & oversized open balcony. One underground parking space included. Public transit at your door. Close to schools, parks, restaurants, shopping, major highways & Costco. (id:66096)

Property Details

MLS®: W14147624
Property Type: Single Family
Zoning: R1
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Garage, Underground
Pool: Yes
Condo Fee: $634/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,632.72/yr
Listed: Today

Market Timing

Days on market

Mississauga (Applewood) listings, avg age

52d

Price / ft²

$455

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 (L4Y)

This home lists at $499,900, about 5.6× the local median household income of $89,000.

Carrying it typically needs a household income of about $97,648 (20% down, 25-yr amortization, stress-tested) — roughly 10% above the area median.

Median household income: $89,000
Population: 23,490
Median age: 45.2
Owner / renter: 68% / 32%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L4Y)

$499,900· $455/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,995

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($18,996 capitalized)

Property tax (est.)$219/mo

Condo fee$634/mo

Total monthly$3,486

Cash Needed to Close

Down payment (5%)$24,995

Land transfer tax$6,473

Est. closing costs$4,000

Total cash needed$35,468

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

#502 3025 Queen Frederica Drive, Mississauga (Applewood) - Single Family for Sale

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Neighbourhood profile (L4Y)

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