15 Elizabeth Street Unit 805, Mississauga

Price: $429,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W12562640

Welcome to vibrant Port Credit Village, where charm, lifestyle, and opportunity meet! This spacious 2-bedroom, 1.5-bathroom condominium offers the perfect blend of comfort, location, and potential. Whether you're a first-time buyer, downsizer, or investor, this is a rare chance to own in one of Mississauga's most desirable waterfront communities. Inside, the unit boasts a well-laid-out floor plan with generously sized rooms, ideal for comfortable living and entertaining. While the interior is somewhat original, it's well-kept. Move in as-is or update it to reflect your own personal style and add instant value. Two private balconies (154SqFt Combined) provide great outdoor space, with one offering a partial view of Lake Ontario, perfect for enjoying your morning coffee or evening sunsets. Step outside and you're just moments from everything that makes Port Credit so special. Waterfront trails, parks, and the marina are just steps away, offering endless ways to stay active and connected with nature. Stroll to cafés, award-winning restaurants, shops, bars, and the Port Credit GO Station for an easy downtown commute. Enjoy the energy of Port Credit's year-round festivals including the Mississauga Waterfront Festival, Southside Shuffle Blues & Jazz Festival, Canada Day celebrations and bustling farmers' markets all just outside your door. This is more than just a condo; it's a lifestyle investment in a community loved for its walkability, scenic beauty, and village charm. Don't miss this opportunity to own a piece of Port Credit and make it your own!

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$429,900 - 15 Elizabeth Street Unit 805, Mississauga

Condo for Sale in Mississauga

137 days on market
2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W12562640
Property Type
Condo
Status
active
Days on Site
137
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Locker
Exclusive
Exposure
South West
Balcony
Open
Listing Brokerage
RE/MAX ESCARPMENT REALTY INC.
Description

Welcome to vibrant Port Credit Village, where charm, lifestyle, and opportunity meet! This spacious 2-bedroom, 1.5-bathroom condominium offers the perfect blend of comfort, location, and potential. Whether you're a first-time buyer, downsizer, or investor, this is a rare chance to own in one of Mississauga's most desirable waterfront communities. Inside, the unit boasts a well-laid-out floor plan with generously sized rooms, ideal for comfortable living and entertaining. While the interior is somewhat original, it's well-kept. Move in as-is or update it to reflect your own personal style and add instant value. Two private balconies (154SqFt Combined) provide great outdoor space, with one offering a partial view of Lake Ontario, perfect for enjoying your morning coffee or evening sunsets. Step outside and you're just moments from everything that makes Port Credit so special. Waterfront trails, parks, and the marina are just steps away, offering endless ways to stay active and connected with nature. Stroll to cafés, award-winning restaurants, shops, bars, and the Port Credit GO Station for an easy downtown commute. Enjoy the energy of Port Credit's year-round festivals including the Mississauga Waterfront Festival, Southside Shuffle Blues & Jazz Festival, Canada Day celebrations and bustling farmers' markets all just outside your door. This is more than just a condo; it's a lifestyle investment in a community loved for its walkability, scenic beauty, and village charm. Don't miss this opportunity to own a piece of Port Credit and make it your own!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,205.61/mo

Includes CMHC insurance ($11,994)

$
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5-yr fixed avg.

Principal: $386,910Interest: $262,779
Mortgage Amount$398,904
Total Interest$262,779
Est. Property Tax$305/mo
Total Cost$661,683

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

15 Elizabeth Street Unit 805, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$305
Insurance (est.)-$90
Net Cash Flow+$1,315

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $430/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.

Negotiation Opportunity

At 137 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.

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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    15 Elizabeth Street Unit 805, M… — $429,900 | Battaglia Team