For Sale · Mississauga (City Centre) · Single Family

$495,000

511 - 55 ELM DRIVE W, Mississauga (City Centre)

Beds

Baths

About This Home

The details.

**BUYER TO ASSUME EXISTING TENANT!! Photos shown are of a similar unit with an identical floor plan and are provided for illustrative purposes only. They do not accurately represent the current condition or finishes of this unit. Excellent opportunity for investors. The property is currently tenanted, and the buyer will assume the existing tenant and lease upon closing, making this an ideal turnkey investment with immediate rental income. This spacious condo offers more living space than many newly built units and features an ideal split-bedroom layout with two generously sized bedrooms located on opposite sides of the suite for added privacy. The bright, sun-filled den is perfect for a home office or additional sitting area. Conveniently located within walking distance to Square One, schools, parks, and public transit, with exceptional building amenities including an indoor pool, sauna, fitness centre, and 24-hour security. (id:66635)

Summarizing the highlights...

MLS® W13423914Listing courtesy of Royal LePage Real Estate AssociatesSee all units in this building View on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Condominium/Strata
Parking: 2 spaces
Strata fee: $1,018 / monthly
Listed on: 2026-06-08
Days on market: 37
MLS number: W13423914
Data source: Toronto Regional Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

Track this home.

Write a note about this home

Location

Where it sits.

Open in full map search

Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$2,315

$396,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$2,315

Cash flow

-$2,315

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Mississauga (City Centre) right now

Active listings

192

New this week

$499,000

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Mississauga (City Centre).

Household and demographic stats for Mississauga (City Centre), from the Statistics Canada 2021 Census.

717,961
Population (2021): 40.8
Median age: 244,575
Households: 2.9
Avg household size: 70.4%
Home ownership: $102,000
Median household income

Mississauga (City Centre) market trends

Source: Statistics Canada 2021 Census, Mississauga, City, Ontario.

Similar Homes

Nearby homes like this one.

Ask About This Home

Talk to a JULY advisor.

Interested in this home?

Book a viewing with a JULY advisor.

Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.