$515,000 - 36 Elm Drive Unit 3402, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W12929518
- Property Type
- Condo
- Status
- active
- Days on Site
- 21
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- North East
- Balcony
- Open
- Listing Brokerage
- Signature Elite Realty Ltd.
Welcome to Edge Tower 2, Mississauga's newest luxury landmark just steps from Square One. This brand-new 2-bedroom, 2-bathroom condo sits high on the 34th floor, offering breathtaking views and nearly 750 sq. ft. of practical, modern living space. Designed for both style and comfort, the suite features 9-ft smooth ceilings, premium wide-plank laminate flooring, quartz countertops, integrated kitchen appliances, a sleek frameless glass shower, and convenient in-suite laundry. Enjoy underground parking and a private locker, along with an impressive lineup of world-class amenities including a 24-hour concierge, fitness centre, yoga studio, sports and media lounges, rooftop terrace with fire pit, party room, guest suites, Wi-Fi lounge, meeting room, art centre, new playland and nursery school, and ample visitor parking. Located in the heart of Mississauga's City Centre, you're just steps to Square One Shopping Centre, cafes, restaurants, parks, grocery stores, banks, and major transit options-including the GO Station and the future Hurontario LRT. Quick access to Highways 401, 403, 407, 410, and the QEW makes commuting effortless. Whether you're an investor seeking a turnkey rental (currently tenanted at $2,650/month) or an end user searching for a spacious, modern 2-bedroom unit, this suite is the perfect fit. If you're looking for a large, luxurious condo in Mississauga, this one is a must-see!
Estimate your monthly payments for this property
Estimated Payment
$2,642.22/mo
Includes CMHC insurance ($14,369)
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 3402, 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 $858/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 21 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 $2,146 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.