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$470K · 1+1 bed Condo Apartment · Unit 1601, 55 ELM Drive, Mississauga, Ontario L5B 3Z3 | HomeSearchCanada

$470,000

Unit 1601

74 DOM

1+1274d

Map

DOM 74

↓ $30K

$470,000

↓ $30K

DOM74days

Unit 1601

55 ELM Drive · Mississauga · Ontario L5B 3Z3

MLS® W13479652 · City Centre · L5B 3Z3

1+12OwnerOccupied800-899 ft²Condo Apartment1-car UndergroundNo basement74d$553/ft²$2,654 tax/yrNo basement

74 days on market

About this home

Beautiful and Spacious 1 Bedroom + Den Condo in Prime Mississauga Location! Functional Open-Concept Layout with Large Separate Den - Ideal for Home Office or Second Bedroom. Bight Unit with Large Windows and Abundant Natural Sun Light. Panoramic View. Generous Primary Bedroom with 3 Piece Ensuite and Additional Powder Room. Well Maintained Building with Premium Amenities Including: Indoor Pool, Hot Tub, Sauna, Gym, Tennis Courts, Theatre Room, Library, Billiards, BBQ Area and 24 Hour Gate…

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Property details

MLS#: W13479652
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1+1
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; 2 pc · Flat
Family room: Family room
Central vacuum: No
Ensuite laundry: No

View: Panoramic

Condo corp #: 386
Balcony: None
Locker: Owned
Association amenities: BBQs Allowed, Concierge, Indoor Pool, Party Room/Meeting Room, Visitor Parking, Gym
Fees include: Heat Included, Hydro Included, Water Included, Cable TV Included, CAC 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
Fronting on: —
Cross street: HURONTARIO STREET AND ELM DRIVE
Stories: 16
Utilities: —
Laundry: Ensuite
Interior: Primary Bedroom - Main Floor, Auto Garage Door Remote, Carpet Free
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

↓ $30KPrice reduction

MLS shows the seller reduced the asking price by $29,999 (from $499,999 to $470,000).

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: HOMELIFE/RESPONSE REALTY INC.

Source: TRREB/PROPTX · MLS® W13479652

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$470K

Unit 1601 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $470,000✓ $2,654 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,561/mo

incl. closing costs (yr 1)

Annual total

$54,729

year 1

Mortgage only

$1,783/mo

principal + interest

Beyond mortgage

$1,830/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$94,000

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$221/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%$4,700/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)$66/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$5,875

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)39% $21,396/yr

Property taxes16% $8,529/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $4,700/yr

Condo fees17% $9,443/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)	$21,396	$1,783/mo
Government & taxes
Property tax	$2,654	$221/mo
Land transfer tax(closing)	$5,875	$490/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%)	$4,700	$392/mo
Condo fees
Condo / HOA fees	$9,443	$787/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	$54,729	$4,561/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 1601

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