4640 Kimbermount Avenue Unit 103, Mississauga

Price: $385,000

1 bedrooms, 2 bathrooms

600 sqft

Property Type: Condo

MLS#: W12520376

Stunning 1-Bedroom Ground Floor Unit in Amica Erin Mills! This beautifully upgraded ground-floor unit offers comfort, security, and vibrant community living in an adult lifestyle residence. 65+ building features a full-time live-in superintendent and access to Amicas renowned Health & Vitality services, including optional dining, fitness and wellness programs tailored for seniors.The monthly maintenance fee includes heat, water, cable TV, high-speed internet, and more. Underground parking and a locker are included for added convenience. Tottaly upgraded unit has new vinyl flooring, stainless steel appliances, quartz countertops, fresh paint, and modern light fixtures throughout. The open-concept layout with 9-ft ceilings enhances the spacious feel, while the primary bedroom features a 3-piece ensuite with a walk-in tub for added safety and comfort. Prime location close to Credit Valley Hospital, Erin Mills Town Centre, major grocery stores, restaurants, libraries, public transit, and highways. Ideal for those looking to downsize or retire, this rarely offered unit in a well-managed building is a perfect opportunity. Don't miss out book your visit today and make it yours! PS: THIS IS AN ADULT-LIVING BUILDING. RESIDENTS MUST BE 65+ YEARS OLD AND BOARD APPROVAL IS REQUIRED.(AGE RESTRICTION DOES NOT APPLY TO THE PURCHASER OR CAREGIVER.)IF THIS REQUIREMENT DOES NOT FIT YOUR CLIENTS NEEDS, PLEASE CANCEL THE SHOWING IMMEDIATELY. THE CURRENT RESIDENTS ARE ELDERLY, AND IT IS DIFFICULT FOR THEM TO PREPARE THE UNIT FOR VIEWINGS. LAST-MINUTE CANCELLATIONS HAVE BEEN VERY DISAPPOINTING FOR THEM.

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$385,000 - 4640 Kimbermount Avenue Unit 103, Mississauga

Condo for Sale in Mississauga

66 days on market
1Beds
2Baths
600Sq Ft
Condo
Property Details
MLS Number
W12520376
Property Type
Condo
Status
active
Days on Site
66
Bedrooms
1
Bathrooms
2
Square Feet
600 sqft
Neighbourhood
Mississauga
Locker
Owned
Exposure
North West
Balcony
None
Listing Brokerage
ONE PERCENT REALTY LTD.
Description

Stunning 1-Bedroom Ground Floor Unit in Amica Erin Mills! This beautifully upgraded ground-floor unit offers comfort, security, and vibrant community living in an adult lifestyle residence. 65+ building features a full-time live-in superintendent and access to Amicas renowned Health & Vitality services, including optional dining, fitness and wellness programs tailored for seniors.The monthly maintenance fee includes heat, water, cable TV, high-speed internet, and more. Underground parking and a locker are included for added convenience. Tottaly upgraded unit has new vinyl flooring, stainless steel appliances, quartz countertops, fresh paint, and modern light fixtures throughout. The open-concept layout with 9-ft ceilings enhances the spacious feel, while the primary bedroom features a 3-piece ensuite with a walk-in tub for added safety and comfort. Prime location close to Credit Valley Hospital, Erin Mills Town Centre, major grocery stores, restaurants, libraries, public transit, and highways. Ideal for those looking to downsize or retire, this rarely offered unit in a well-managed building is a perfect opportunity. Don't miss out book your visit today and make it yours! PS: THIS IS AN ADULT-LIVING BUILDING. RESIDENTS MUST BE 65+ YEARS OLD AND BOARD APPROVAL IS REQUIRED.(AGE RESTRICTION DOES NOT APPLY TO THE PURCHASER OR CAREGIVER.)IF THIS REQUIREMENT DOES NOT FIT YOUR CLIENTS NEEDS, PLEASE CANCEL THE SHOWING IMMEDIATELY. THE CURRENT RESIDENTS ARE ELDERLY, AND IT IS DIFFICULT FOR THEM TO PREPARE THE UNIT FOR VIEWINGS. LAST-MINUTE CANCELLATIONS HAVE BEEN VERY DISAPPOINTING FOR THEM.

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Estimated Payment

$1,975.25/mo

Includes CMHC insurance ($10,742)

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5-yr fixed avg.

Principal: $346,500Interest: $235,333
Mortgage Amount$357,242
Total Interest$235,333
Est. Property Tax$273/mo
Total Cost$592,575

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

4640 Kimbermount Avenue Unit 103, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$273
Insurance (est.)-$80
Net Cash Flow+$1,057

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 $642/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 66 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 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.

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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