$299,000

For sale

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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Investment analysis

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$299,000

Mississauga

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#610 3900 Confederation Parkway, Mississauga (City Centre) - Single Family for Sale

#610 3900 Confederation Parkway, Mississauga (City Centre), Ontario, L5B0M3

1 bed1 bath0 parking250 ft²$347/mo condo feeListed 35 days ago

Overview

This 1-bedroom, 1-bathroom condo in Mississauga is for sale offering roughly 250 sq ft of space. Listed at $299,000, it is attractively priced about 40% below the $499,900 median asking price in Mississauga. It has been on the market 35 days, fresher than the Mississauga average of 54 days.

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Description

Prime turn key investment opportunity at M City in Downtown Mississauga! This 1 bedroom condo comes fully tenanted and professionally managed, delivering immediate, hassle free rental income from day one. Designed to maximize tenant retention and rental yields, the unit features a high demand open concept layout, stainless steel appliances, in suite laundry, and a spacious balcony with sweeping city views. Tenants enjoy resort style amenities including an outdoor saltwater pool, rooftop terrace, winter skating rink, steam room, yoga studio, and games room. Perfectly positioned for long-term capital appreciation, it is steps from Square One, Sheridan College, Living Arts Centre, Central Library, YMCA, and major transit hubs, with seamless access to Highways 403 and QEW. (id:66096)

Property Details

MLS®: W13844596
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 0
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Pool: Yes
Condo Fee: $347/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $2,412/yr
Listed: 35 days ago

Rooms

Main level

Living room: 4.47 x 3.89 meters
Dining room: 4.47 x 3.89 meters
Kitchen: 4.47 x 3.89 meters
Primary Bedroom: 3.4 x 2.82 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, Oven, Dryer
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

35d

Mississauga (City Centre) listings, avg age

54d

Price / ft²

$1,198

List price

$299K

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 1-bed single family in Mississauga (City Centre) has been listed for 35 days, which is 19 days fresher than the city average of 54. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · STANLEY BERNARDO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5B)

This home lists at $299,000, about 3.8× the local median household income of $79,000.

Carrying it typically needs a household income of about $58,405 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$299,000· $1,198/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $14,950

Min 5%50%

Mortgage payment$1,575/mo

↳ CMHC premium ($11,362 capitalized)

Property tax (est.)$201/mo

Condo fee$347/mo

Total monthly$2,123

Cash Needed to Close

Down payment (5%)$14,950

Land transfer tax$2,960

Est. closing costs$3,397

Total cash needed$21,307

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