$690,777 - 1 Elm Drive Unit 302, Mississauga
Condo for Sale in Mississauga
139 days on market- MLS Number
- W12682832
- Property Type
- Condo
- Status
- active
- Days on Site
- 139
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
This Stunning, Fully Renovated 2-bedroom, 2-bathroom 885 Sqft Corner Unit With ***2 Parkings*** Is Located In The Heart Of Mississauga's Highly Sought-after City Centre, Just Steps From Square One, The Future LRT, Go Station, And Major Highways Including The 403 And QEW. Offering A Spacious And Well-designed Two Bedroom Layout, This Bright And Airy Condo Features 9-foot Ceilings, Hardwood Flooring Throughout And Floor-to-ceiling Windows That Flood The Space With Natural Light. The Open-concept Living And Dining Area Flows Seamlessly Into A Custom Kitchen With Extended Cabinetry, Premium Finishes, And A Cozy Breakfast Area. Both Bedrooms Include Custom-built Cabinets, With The Primary Bedroom Offering A Private Ensuite Bath And The Second Bedroom Conveniently Located Next To The Second Full Bathroom. Freshly Painted And Move-in Ready, This Unit Also Includes Ensuite Laundry, A Large Balcony With Panoramic Views. Additional Features Include Two Rare Side-by-side Parking Spaces And A Locker. Residents Enjoy Access To A Wide Range Of Luxury Amenities Including A Yoga Studio, Gym, Indoor Swimming Pool, Jacuzzi, Sauna, Billiards And Table Tennis Rooms, A Party/dining Room, And 24-hour Security. Nestled In A Family-friendly Neighborhood With Schools And Daycare Within Walking Distance, This Spotless And Beautifully Maintained Condo In A Well-managed Daniels Building Is Ideal For First-time Buyers, Downsizers, Or Investors. A True Gem In One Of Mississauga's Most Convenient And Vibrant Communities. Don't Miss Out!
Estimate your monthly payments for this property
Estimated Payment
$3,544.04/mo
Includes CMHC insurance ($19,273)
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 302, 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
Fair Market Value
At $863/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 139 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 $2,878 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.