$609,000

For sale

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#508 1271 Walden Circle, Mississauga (Clarkson) - Single Family for Sale

#508 1271 Walden Circle, Mississauga (Clarkson), Ontario, L5J4R4

2 beds2 baths2 parking ft²

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Investment analysis

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$609,000

Mississauga

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Overview

This 2-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Its $609,000 asking price sits right in line with the $619,000 median in Mississauga. It has been on the market 34 days, fresher than the Mississauga average of 57 days.

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

Description

Welcome to this bright, sun-filled 2-bedroom condo with spacious layout and beautiful panoramic views in a highly desirable, amenity-rich community. The enclosed solarium offers flexible space-ideal for a home office, cozy den or potential rental premium. Residents enjoy access to the Walden Club with resort-style amenities including a fitness centre, pool, tennis and squash courts, and party room. Prime location within walking distance to GO transit and close to shopping, restaurants, parks, and trails-an attractive option for commuters, first time Buyers and tenants for rental income. (id:66096)

Property Details

MLS®: W13849058
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 1,300 ft²
Basement: None
Heating: Electric, Other
Cooling: Wall unit
Garage: Garage, Underground
Pool: Yes
Condo Fee: $920/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Water, Insurance
Ownership: Condo/Strata
Property Tax: $4,710.61/yr
Listed: 34 days ago

Rooms

Ground level

Living room: 5.36 x 4.2 meters
Solarium: 3.3 x 2.3 meters
Dining room: 3.35 x 2.95 meters
Kitchen: 5.77 x 2.68 meters
Primary Bedroom: 4.54 x 3.41 meters
Bedroom 2: 4.84 x 2.8 meters
Foyer: 2.43 x 2.5 meters

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

Market Timing

Days on market

34d

Mississauga (Clarkson) listings, avg age

57d

Price / ft²

$469

List price

$609K

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 (L5J)

This home lists at $609,000, about 5.7× the local median household income of $107,000.

Carrying it typically needs a household income of about $118,959 (20% down, 25-yr amortization, stress-tested) — roughly 11% above the area median.

Median household income: $107,000
Population: 28,208
Median age: 43.2
Owner / renter: 74% / 26%
Avg. household size: 2.6

Source: Statistics Canada, 2021 Census (FSA L5J)

$609,000· $469/ft²

For sale

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Full Cost Breakdown

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Down Payment5.89% · $35,900

Min 5.89%50%

Mortgage payment$3,177/mo

↳ CMHC premium ($22,924 capitalized)

Property tax (est.)$393/mo

Condo fee$920/mo

Total monthly$4,490

Cash Needed to Close

Down payment (5.89%)$35,900

Land transfer tax$8,655

Est. closing costs$4,327

Total cash needed$48,882

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#508 1271 Walden Circle, Mississauga (Clarkson) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L5J)

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Full Cost Breakdown