385 Prince of Wales Dr

Unit 701

Mississauga | City Centre | L5B 0C6
  • 1
  • 1
  • 1

$529,900

Est. Mtg $1,796 /mo
  • Days on market

    4

  • Status

    New

Listing Broker FOREST HILL REAL ESTATE INC.
Since listed: 0 views

Home details

MLS #:

W9366840

Property type:
Condo Apt
Style:
Apartment
Taxes:
$2,371
Possession:
Flexible
Locker:
Owned
View:
N
Maintenance:
$535
Management:
City Towers Property Management
SQFT:
600-699

Description


385 Prince of Wales Dr, 701, Mississauga, Ontario is a Condo Apt property in Mississauga and in the City Centre community in the L5B 0C6 postal code


**Investment Property with existing income, offering a 3.78% Cap Rate** AAA Tenant with rental income of $2,400/month & an assumable lease expiring August 14th, 2025! High demand building for rentals! Amazing opportunity for buyers requiring additional income to qualify for a mortgage! Spacious unit with a functional layout! Open Concept Kitchen With Stainless Steel Appliances, Granite Counter Tops & A Large Breakfast Bar! The Primary Bedroom offers His and Her closets, a large window and updated laminate floors. Tall 9' Ceilings & Modern Baseboards throughout. North facing balcony that offers a tranquil setting & a sunny northern exposure! Quiet unit, yet located right in the heart of Mississauga's City Centre, Close Proximity To Public Transit such as the Go and Soon to be LRT! Easy access to Hwy 403 & Square One Shopping Centre! Indulge in the Many Restaurants, Cafes, Cinema, YMCA, Living Arts Centre, Public Library and the Performing Arts Venue!.

Extras

Amenities Incl: An Indoor Pool, Saunas, Whirlpool, Gym, 24hr Concierge, Outdoor Deck, Party Rm, Billiards Rm, Theatre, Virtual Golf, Foosball Table and a Rock-Climbing Wall!.


History

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List Date End Date List Price End Price Status MLS #
2024-09 2024-09 $529,900 $529,900 New W9366840
2024-08 2024-08 $2,400 $2,400 Lsd W9241291
2024-07 2024-09 $529,900 $529,900 Ter W9017764
2024-06 2024-07 $529,900 $529,900 Ter W8461040
2024-05 2024-06 $539,000 $539,000 Ter W8377106

Comparables

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sold Date Address List Price sold Price DOM
2024-09 50 ABSOLUTE Ave, 1305 $479,000 $470,000 21
2024-09 3883 Quartz Rd, 5111 $499,999 $477,000 29
2024-09 111 Worsley St, 602 $399,900 $390,000 20
2024-09 4090 Living Arts Dr, 2611 $499,900 $493,000 14
2024-09 140 Dunlop St E, 503 $429,900 $412,000 13
2024-09 225 Webb Dr, 2603 $524,888 $503,000 37
2024-09 4185 Shipp Dr, 215 $429,900 $415,000 12
2024-09 3883 Quartz Rd, 2210 $399,900 $391,000 12
2024-09 3975 Grand Park Dr, 2110 $604,900 $585,000 43
2024-09 33 Elm Dr W, 1204 $554,900 $532,000 50
2024-09 3883 Quartz Rd, 1308 $499,000 $475,000 31
2024-09 50 Absolute Ave, 1901 $469,900 $465,000 9
2024-09 75 Ellen St, 1507 $439,900 $430,000 20
2024-09 33 Elm Dr W, 2208 $499,000 $540,000 10
2024-09 3900 Confederation Pkwy, 2905 $499,900 $465,000 23

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity Condo Apt

Sale activity

Mississauga :

Properties sold

189

Average sale price

$636,012

New Listings

445

Year on Year Growth

-6.91%

Municipality activity All Property Types

Sale activity

Mississauga :

Average sale price

$1,112,531

Properties sold

679

New Listings

1,422

Days on Market

13

Sale $ / List $

102%

Year on Year Growth

-4.25%


Sale Chart - Condo Apt

Mississauga Average Price (2 Years):

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Sale Chart - Condo Apt

TRREB Total Average Price (2 Years):

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Estimated running costs for 385 Prince of Wales Dr - 701

Based on available 3rd party data

$2664

Approximate costs per month

Mortgage
$1796 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$197 p/m
Maintenance
$534 p/m

Amenities:

  • Concierge
  • Gym
  • Indoor Pool

Features:

  • Arts Centre
  • Library
  • Public Transit
Listing Broker FOREST HILL REAL ESTATE INC.
Data Source: TRREB

Payment calculator

$2529 monthly. In association with: TD Bank
%
  • Principal and Interest
    1796 /mo
  • Property Taxes
    $197 /mo
  • Yearly Condo Fees
    $534

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Mike Zamani, Realtor

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