$577,000 - 1 Elm Drive Unit 2705, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W13164992
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP QUANTUM REALTY INC.
Presenting a rare corner two-bedroom condo that perfectly combines space, natural light, and stunning views in the heart of Mississauga's vibrant City Centre. This well-planned split-bedroom layout is enhanced by rich solid hardwood flooring and soaring 9-foot ceilings, creating an atmosphere of effortless elegance. The space flows from a bright living and dining area, framed by large windows that open onto a walkout balcony-offering south-facing panoramic views stretching from the downtown Toronto skyline to the shimmering waters of Lake Ontario, like a living postcard. The primary suite serves as a private retreat, complete with a sleek ensuite bath, while a second full bathroom accommodates the generously sized second bedroom. Every corner of this home has been freshly painted and carefully maintained by the original owner, ensuring a spotless, move-in-ready experience-with the added convenience of in-suite laundry and zero carpeting throughout. Beyond the unit itself, life here is defined by luxury and convenience. Residents enjoy access to top-tier amenities: a fitness center, sauna, indoor pool, party room, games room, and the reassurance of 24-hour security. Perfectly located just steps from the future LRT, GO Transit, Square One Shopping Centre, and highways QEW/403, this address offers unmatched connectivity. Nestled in a family-friendly neighborhood with schools and daycares within walking distance, this well-managed Daniels building also offers spectacular skyline views and seasonal fireworks from your private balcony. Parking and locker are included. This spotless corner unit is an exceptional opportunity for first-time buyers, investors, or downsizers alike. Easy to show. LOW MAINTENANCE!
Estimate your monthly payments for this property
Estimated Payment
$2,960.31/mo
Includes CMHC insurance ($16,098)
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 2705, 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 $721/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.
Market Position
At 27 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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 $2,404 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.