50 Elm Drive Unit 1110, Mississauga

Price: $469,000

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: W12963022

Welcome to Aspenview! This bright and spacious 2-bedroom, 2-bathroom suite is ideally located in the heart of Mississauga. The open-concept living and dining area flows seamlessly onto a private balcony, perfect for relaxing or entertaining. The large primary bedroom features his-and-hers closets and a luxurious ensuite bathroom. Ample storage with built-in shelving adds convenience and organization. Enjoy a well-maintained building surrounded by mature trees and beautifully landscaped grounds, offering a peaceful and serene living experience. Amenities include a tennis court and a fully equipped gym. Just minutes from Square One Shopping, the Go Station, transit, and a variety of restaurants.

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$469,000 - 50 Elm Drive Unit 1110, Mississauga

Condo for Sale in Mississauga

Popular Listing
2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
W12963022
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Mississauga
Locker
Ensuite+Exclusive
Exposure
North
Balcony
Enclosed
Listing Brokerage
SNOBAR REALTY GROUP INC.
Description

Welcome to Aspenview! This bright and spacious 2-bedroom, 2-bathroom suite is ideally located in the heart of Mississauga. The open-concept living and dining area flows seamlessly onto a private balcony, perfect for relaxing or entertaining. The large primary bedroom features his-and-hers closets and a luxurious ensuite bathroom. Ample storage with built-in shelving adds convenience and organization. Enjoy a well-maintained building surrounded by mature trees and beautifully landscaped grounds, offering a peaceful and serene living experience. Amenities include a tennis court and a fully equipped gym. Just minutes from Square One Shopping, the Go Station, transit, and a variety of restaurants.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,406.21/mo

Includes CMHC insurance ($13,085)

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5-yr fixed avg.

Principal: $422,100Interest: $286,679
Mortgage Amount$435,185
Total Interest$286,679
Est. Property Tax$332/mo
Total Cost$721,864

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

50 Elm Drive Unit 1110, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$332
Insurance (est.)-$98
Net Cash Flow+$1,265

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 $521/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.

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.

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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