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$550K · 2 bed Condo Apartment · Unit 2505, No. 1 City Centre, 1 Elm Drive, Mississauga, Ontario L5B 4M1 | HomeSearchCanada

$550,000

Unit 2505

85 DOM

2285d

Map

DOM 85

$550,000

DOM85days

Unit 2505

No. 1 City Centre · 1 Elm Drive · Mississauga · Ontario L5B 4M1

MLS® W13440432 · City Centre · L5B 4M1

22OwnerOccupied800-899 ft²Condo Apartment1-car UndergroundNo basement85d$647/ft²$3,205 tax/yrNo basement

85 days on market

About this home

Welcome To This Bright And Spacious 2 Bedroom Rare Corner With 2 Full Bathroom Suite Featuring 9-Ft Ceilings And Breathtaking Panoramic Views Of The CN Tower And Lake Ontario. Well Maintained Unit With Hardwood Flooring In The Living And Dining Areas, And A Double Walk Out To A Private Balcony. Ideally Located In The Heart Of The City Just Steps To Public Transit And Within Walking Distance To Square One, Schools, Shopping, Dining, Theatres, The Library, And The Living Arts Centre. Quick Access…

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Property details

MLS#: W13440432
Status: Buy Now
Property class: Residential Condo & Other
Beds: 2
Baths: 2 full, 0 half
Rooms: 5
Kitchens: 1
Size: 800-899Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Owner Occupied
Washrooms: 3 pc · Flat; 4 pc · Flat
Family room: No
Central vacuum: No
Ensuite laundry: Ensuite laundry

Property features: Arts Centre, Park, Public Transit, Rec./Commun.Centre, School

Building name: No. 1 City Centre
Condo corp #: 717
Balcony: Open
Locker: Owned
Association amenities: Gym, Guest Suites, Indoor Pool, Party Room/Meeting Room, Sauna, Visitor Parking
Fees include: Heat Included, Building Insurance Included, Water 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: Concrete
Fronting on: —
Cross street: Hurontario St/Burnhamthorpe Rd
Stories: 25
Utilities: —
Laundry: In-Suite Laundry
Interior: Air Exchanger, Primary Bedroom - Main Floor
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: ROYAL LEPAGE REAL ESTATE SERVICES LTD.

Source: TRREB/PROPTX · MLS® W13440432

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$550K

Unit 2505 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $550,000✓ $3,205 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,920/mo

incl. closing costs (yr 1)

Annual total

$59,039

year 1

Mortgage only

$2,087/mo

principal + interest

Beyond mortgage

$1,752/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$110,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$267/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 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%$5,500/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)$50/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,475

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)42% $25,038/yr

Property taxes18% $10,680/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,500/yr

Condo fees12% $7,161/yr

Closing costs9% $5,100/yr

Mortgage is 42% of your true cost of ownership. The other 58% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$25,038	$2,087/mo
Government & taxes
Property tax	$3,205	$267/mo
Land transfer tax(closing)	$7,475	$623/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%)	$5,500	$458/mo
Condo fees
Condo / HOA fees	$7,161	$597/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	$59,039	$4,920/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 2505

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