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$500K · 1+1 bed Common Element Condo · Unit 1805, 55 Elm Drive, Mississauga, Ontario L5B 3Z3 | HomeSearchCanada

$499,999

Unit 1805

121 DOM

1+12121d

Map

DOM 121

↓ $10KMotivated Seller

$499,999

↓ $10KMotivated Seller

DOM121days

Unit 1805

55 Elm Drive · Mississauga · Ontario L5B 3Z3

MLS® W13099834 · City Centre · L5B 3Z3

1+12OwnerOccupied1000-1199 ft²Common Element Condo1-car UndergroundOther121d$455/ft²$2,895 tax/yrBuilt 198541 yrs oldOther

121 days on market

About this home

Beautiful condo in the heart of Mississauga, renovated, huge bedroom, 2 washrooms, sun-filled wrap around corner unit. Freshly painted 5 piece ensuite with walk in closet. Grand kitchen/dining area and much more. Absolutely gorgeous!

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Property details

MLS#: W13099834
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1+1
Baths: 2 full, 0 half
Rooms: 5
Kitchens: 1
Size: 1000-1199Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: Other
Style: Multi-Level
Type: Common Element Condo
Year built: 1985

Occupancy: Owner Occupied
Washrooms: 5 pc · Main; 2 pc · Main
Family room: No
Central vacuum: No
Ensuite laundry: No
Special designation: Other

Roof: Asphalt Rolled

Condo corp #: 386
Balcony: None
Locker: Owned
Fees include: Heat Included, Hydro Included, Water Included, Common Elements Included, Building Insurance Included, Parking Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick, Concrete
Fronting on: —
Cross street: Burnhamthorpe/Hurontario
Stories: 17
Utilities: —
Laundry: Ensuite
Interior: Other
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $10KPrice reduction

MLS shows the seller reduced the asking price by $10,000 (from $509,999 to $499,999).

Motivated SellerWhy this label

121 days on market — Listing has been active for 121 days — extended time on market can signal seller pressure.

Labels reflect MLS fields and listing history in our database — not an opinion on fair market value.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: RE/MAX REAL ESTATE CENTRE INC.

Source: TRREB/PROPTX · MLS® W13099834

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$500K

Unit 1805 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $499,999✓ $2,895 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,841/mo

incl. closing costs (yr 1)

Annual total

$58,091

year 1

Mortgage only

$1,897/mo

principal + interest

Beyond mortgage

$1,946/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$100,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$241/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,000/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$72/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$6,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $22,762/yr

Property taxes16% $9,370/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,000/yr

Condo fees18% $10,299/yr

Closing costs9% $5,100/yr

Mortgage is 39% of your true cost of ownership. The other 61% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$22,762	$1,897/mo
Government & taxes
Property tax	$2,895	$241/mo
Land transfer tax(closing)	$6,475	$540/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,000	$417/mo
Condo fees
Condo / HOA fees	$10,299	$858/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$58,091	$4,841/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 1805

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs