1230 Gripsholm Road Unit 17, Mississauga

Price: $620,000

3 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: W12890806

Start strong in Applewood. This 2+1 bedroom condo townhouse offers practical living space and flexibility in a well-established community. The bright combined living and dining area has a large window, and a sliding door that fills the space with natural light, while the kitchen is equipped with white cabinetry and stainless steel appliances. The finished basement adds valuable living space with a recreation room, additional bedroom, 2-piece bathroom, and pot lights. Classic brick exterior, fenced outdoor area, and one dedicated parking spot included. Ideally located just steps to Applewood Trail and within walking distance to groceries and coffee, plus minutes to Dixie GO, QEW, Sherway Gardens, Costco, Walmart, schools, and restaurants.

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$620,000 - 1230 Gripsholm Road Unit 17, Mississauga

Condo for Sale in Mississauga

3Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
W12890806
Property Type
Condo
Status
active
Days on Site
19
Bedrooms
3
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Mississauga
Locker
Ensuite
Exposure
North
Balcony
None
Listing Brokerage
Royal Lepage Real Estate Associates
Description

Start strong in Applewood. This 2+1 bedroom condo townhouse offers practical living space and flexibility in a well-established community. The bright combined living and dining area has a large window, and a sliding door that fills the space with natural light, while the kitchen is equipped with white cabinetry and stainless steel appliances. The finished basement adds valuable living space with a recreation room, additional bedroom, 2-piece bathroom, and pot lights. Classic brick exterior, fenced outdoor area, and one dedicated parking spot included. Ideally located just steps to Applewood Trail and within walking distance to groceries and coffee, plus minutes to Dixie GO, QEW, Sherway Gardens, Costco, Walmart, schools, and restaurants.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,180.92/mo

Includes CMHC insurance ($17,298)

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5-yr fixed avg.

Principal: $558,000Interest: $378,978
Mortgage Amount$575,298
Total Interest$378,978
Est. Property Tax$439/mo
Total Cost$954,276

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.

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Neighbourhood Guide: Mississauga

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

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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.

70
Walk Score
Varies
Price Range

1230 Gripsholm Road Unit 17, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,680/mo
Range: $2,278 - $3,082
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,680
Maintenance Fees-$585
Property Tax (est.)-$439
Insurance (est.)-$129
Net Cash Flow+$1,527

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $689/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 19 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 900 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.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

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.

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