$559,900 - 1 Elm Drive Unit 2405, Mississauga
Condo for Sale in Mississauga
New — Listed 2 days ago- MLS Number
- W13230476
- Property Type
- Condo
- Status
- active
- Days on Site
- 2
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- Royal LePage Frank Real Estate
Welcome Home To This Stunning Corner Suite In The Heart Of Mississauga City Centre! Perched On The 24Th Floor, This Bright And Spacious 2 Bedroom, 2 Bathroom 850 sqft Condo Is Flooded With Natural Light And Showcases Spectacular Panoramic Views From Every Angle. Step Outside Onto The Oversized Balcony With Two Walkouts - The Perfect Place To Enjoy Your Morning Coffee, Unwind After Work, Or Take In The City Skyline With A Glass Of Wine. Inside, You are Greeted by Beautiful Hardwood Floors and the Soaring 9-Foot Ceilings Create An Airy, Upscale Feel Throughout The Unit. The Beautifully Designed Kitchen Features Granite Countertops, Full Pantry Space, Room For Casual Dining, And Direct Balcony Access For Seamless Indoor/Outdoor Living. The Open-Concept Living Area Is Warm, Inviting, And Ideal For Both Relaxing And Entertaining. The Private Primary Retreat Offers His-And-Her Closets And A Spacious 3-Piece Ensuite Bathroom. The Versatile Second Bedroom is Located at the Opposite End of the Unit for Maximum Privacy, and Features A Double Closet And Is Perfect As A Guest Room, Home Office, Or Den, With A Second Full 4-Piece Bathroom Conveniently Located Just Outside The Door. Ensuite Laundry Adds Even More Everyday Convenience. Enjoy Resort-Style Amenities in the Building Including One Of The Largest Salt Water Swimming Pools In The Area, An Indoor/Outdoor Hot Tub, Fully Equipped Fitness Centre, Yoga/Exercise Room, Party Room, 24-Hour Concierge/Security, And Even A Convenience Store Right In The Building. Includes One Underground Parking Spot and Locker. Located Just Minutes From Square One Shopping Centre, Sheridan College, Celebration Square, Parks, Community Centres, Restaurants, Transit, Future LRT, And Highway 403 - This Is Urban Living At Its Best. Perfect For Professionals, Downsizers, First-Time Buyers, Or Investors Looking For An Unbeatable Location And Lifestyle.
Estimate your monthly payments for this property
Estimated Payment
$2,872.58/mo
Includes CMHC insurance ($15,621)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1 Elm Drive Unit 2405, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $700/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.