$549,000 - 36 Elm Drive Unit 1610, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W13172854
- Property Type
- Condo
- Status
- active
- Days on Site
- 24
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- RE/MAX REAL ESTATE CENTRE INC.
Welcome to Edge Tower 1, a landmark residence in the heart of Mississauga, thoughtfully designed by award-winning architect Roy Varacalli of Cusimano Architects, with elegant interiors by Dochia Interior Design. This beautifully maintained 2 bedroom,2 bathroom unit on the 16th floor offers stunning views and a bright, functional layout designed for modern living. Just 3 years new, this unit features laminate flooring throughout, Stainless Steel built-in kitchen appliances, and quality upgrades . The spacious primary bedroom includes a 4-piece ensuite and walk-in closet .Experience upscale condo living starting from the impressive, hotel-inspired lobby-a standout feature residents and visitors consistently appreciate for its luxurious design and welcoming atmosphere. The building offers top-tier amenities, including 24-hour concierge, state-of-the-art fitness center, yoga studio, Wi-Fi lounge, theatre room, games/billiards room, party rooms, guest suites, and a beautiful outdoor terrace with BBQs and fireplace. Located in a vibrant and convenient neighborhood with Walk Score 86, Transit Score 72, and Bike Score 69(Transit expected to improve to 85 with the upcoming LRT right across the street). Steps to shopping, dining, transit, and all urban conveniences. Includes 1 parking space and 1 locker. A perfect blend of luxury, location, and lifestyle this unit is truly designed with comfortable living in mind. Please note: The property is currently tenanted. Minimum 24 hours' notice required for all showings. No exceptions.
Estimate your monthly payments for this property
Estimated Payment
$2,816.65/mo
Includes CMHC insurance ($15,317)
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.
36 Elm Drive Unit 1610, Mississauga
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $915/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.
Market Position
At 24 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 600 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 $2,288 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.