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1 / 0
New3 hours ago

501 - 55 Elm Drive W

City Centre, Mississauga

$399,000

Condo Apartment |
1 + 1 | 2 | 1 | 0
About this home

**Welcome to an exceptional opportunity to experience refined condominium living in a prime and highly connected location.** Nestled on a quiet, desirable street just minutes from Square One, major highways including the 403 & 407, and with convenient access to downtown. This beautifully appointed 1+1 residence offers an impressive blend of sophistication, comfort, and lifestyle. A standout feature of this property is its spectacular setting overlooking the trees & tennis courts, a beautiful backdrop to everyday living. Thoughtfully updated and move-in ready, the suite features laminate flooring & tile throughout. Brand new stainless steel stove and new washer/dryer being installed in September. Beyond the residence, an exceptional collection of resort-inspired amenities elevates the lifestyle, including tennis courts, indoor pool and hot tub, sauna, fully equipped gym, party room, TV room, board room, library, squash court, basketball court, and table tennis facilities. Surrounded by an abundance of parks, schools, shopping, dining, and essential conveniences, this residence offers the perfect balance of tranquility and urban accessibility. Whether you are looking for your new home or an outstanding investment opportunity, this is a property that deserves to be seen. Discover the space, views, amenities, and lifestyle for yourself-your next chapter begins here.

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nest zoom realty
(416) 276-9973
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size800-899 sq. ft.
Maintenance Fees$729
LockerNone
BalconyNone
ExposureWest
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,460
mls© NumberW13788628
Listed ByRE/MAX HALLMARK REALTY LTD.
Building Insurance Included
Common Elements Included
Cable TV Included
CAC Included
Water Included
Parking Included
Heat Included
Hydro Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,042
Property tax
$205
Heat allowance
$150
Condo fees, half counted
$365
Housing costs
$2,762 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $79,800
25-yr amortization

Income needed

$85,000

gross annual household income

Payment at 4%
$1,679 / mo
Cash down
$79,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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