$599,000 - 55 Elm Drive Unit 611, Mississauga
Condo for Sale in Mississauga
Popular Listing- MLS Number
- W13228040
- Property Type
- Condo
- Status
- active
- Days on Site
- 10
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- RE/MAX ABOUTOWNE REALTY CORP.
Welcome Home To 55 Elm Drive West - An Exceptionally Spacious And Elegant 2-Bedroom + Den condo In The Heart Of Mississauga! Nestled In A Prestigious Tridel-Built Community Across From The Tranquil Beauty Of Kariya Park's Landscaped Japanese Gardens, This Bright Corner Suite Offers The Perfect Blend Of Comfort, Sophistication, And Urban Convenience. Featuring A Thoughtfully Designed Open-Concept Layout, This Sun-Filled Suite Showcases Expansive Windows That Flood The Space With Natural Light Throughout. The Den Provides Incredible Flexibility - Ideal As A Private Home Office, Reading Lounge, Or Guest Retreat. The Living And Dining Areas Create A Warm And Inviting Atmosphere Perfect For Entertaining Or Relaxing In Style. Retreat To The Generous Primary Bedroom Complete With A Luxurious 4-Piece Ensuite Featuring A Jacuzzi Tub, Creating Your Own Spa-Like Escape. A Second Bedroom And Additional Full 3-Piece Bathroom Offer Added Comfort For Family Or Guests. Enjoy The Rare Convenience Of All Utilities Included - Hydro, Water, Heat, Air Conditioning, And Cable TV. This Exceptionally Well-Managed Building Offers Outstanding Resort-Inspired Amenities Including An Indoor Swimming Pool, Hot Tub, Sauna, Fully Equipped Fitness Centre, Tennis & Squash Courts, Theatre Room, Library, Billiards Lounge, BBQ Area, Visitor Parking, And 24-Hour Gatehouse Security For Ultimate Peace Of Mind. Unbeatable Central Location Just Steps To Square One Shopping Centre, Celebration Square, GO Transit, Upcoming LRT, Fine Dining, Cafes, Parks, Entertainment, And Everyday Conveniences. Easy Access To Major Highways Including 401, 403, 407, And QEW Makes Commuting Seamless. Includes One Underground Parking Space. An Exceptional Opportunity To Enjoy Luxurious, Carefree, And Vibrant City Living In One Of Mississauga's Most Sought-After Communities - Truly Move-In Ready!
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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.
55 Elm Drive Unit 611, 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
Competitive Pricing
At $499/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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $2,496 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
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.