$483,700 - 55 Elm Drive Unit 910, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W12885612
- Property Type
- Condo
- Status
- active
- Days on Site
- 20
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South East
- Balcony
- None
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Welcome to prestigious Towne II by Tridel, one of Mississauga's most established and well managed condominium communities. This bright southeast facing condo offers a highly functional layout with peaceful courtyard views and is an excellent opportunity for first time buyers, growing families, or investors looking for value near Square One. One of the most desirable features of this unit is the rare layout where the den can function as a true third bedroom, nursery, or private home office. Unlike many condos where dens are open solariums, this space offers flexibility that today's buyers are actively looking for. The suite features a spacious eat-in kitchen with stainless steel appliances and a bright eat in area, along with a rare dedicated dining space perfect for entertaining, family meals, or working from home. The large primary bedroom includes a walk in closet, private ensuite bathroom, and convenient in suite laundry, in an extra large laundry closet. A standout feature is the inclusion of two parking spaces, a unique feature in Mississauga condominiums that adds long term convenience and investment value. Residents enjoy resort style amenities including a gym and exercise room, indoor pool, sauna, tennis court, secure parking garage, monitored gated access, and an enter phone system. Maintenance fees include heat, hydro, water, air conditioning, and Rogers cable TV with Crave and over 300 channels, helping keep monthly costs predictable. Located just minutes from Square One, public transit, Cooksville GO, dining, shopping, parks, and everyday conveniences, this Tridel built condominium offers quality construction, thoughtful design, and exceptional value in one of Mississauga's most convenient locations.
Estimate your monthly payments for this property
Estimated Payment
$2,481.63/mo
Includes CMHC insurance ($13,495)
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 910, 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 25+ years of GTA real estate experience
Competitive Pricing
At $484/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.
Market Position
At 20 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.
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.
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.