| Building Insurance Included | |
| Common Elements Included | |
| Cable TV Included | |
| CAC Included | |
| Water Included | |
| Parking Included | |
| Heat Included | |
| Hydro Included |





























501 - 55 Elm Drive W
City Centre, Mississauga
$399,000
**Welcome to an exceptional opportunity to experience refined condominium living in a prime and highly connected location.** Nestled on a quiet, desirable street just minutes from Square One, major highways including the 403 & 407, and with convenient access to downtown. This beautifully appointed 1+1 residence offers an impressive blend of sophistication, comfort, and lifestyle. A standout feature of this property is its spectacular setting overlooking the trees & tennis courts, a beautiful backdrop to everyday living. Thoughtfully updated and move-in ready, the suite features laminate flooring & tile throughout. Brand new stainless steel stove and new washer/dryer being installed in September. Beyond the residence, an exceptional collection of resort-inspired amenities elevates the lifestyle, including tennis courts, indoor pool and hot tub, sauna, fully equipped gym, party room, TV room, board room, library, squash court, basketball court, and table tennis facilities. Surrounded by an abundance of parks, schools, shopping, dining, and essential conveniences, this residence offers the perfect balance of tranquility and urban accessibility. Whether you are looking for your new home or an outstanding investment opportunity, this is a property that deserves to be seen. Discover the space, views, amenities, and lifestyle for yourself-your next chapter begins here.
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| Type | Condo Apartment |
| Style | Apartment |
| Approx. Age | Not available |
| Size | 800-899 sq. ft. |
| Maintenance Fees | $729 |
| Locker | None |
| Balcony | None |
| Exposure | West |
| Parking Type | Underground |
| Parking Spaces | 1 |
| Parking Features | Underground |
| Property Tax | $2,460 |
| mls© Number | W13788628 |
| Listed By | RE/MAX HALLMARK REALTY LTD. |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $2,042
- Property tax
- $205
- Heat allowance
- $150
- Condo fees, half counted
- $365
- Housing costs
- $2,762 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$85,000
gross annual household income
- Payment at 4%
- $1,679 / mo
- Cash down
- $79,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
Estimated rent, cap rate and monthly cash flow for this property
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