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385 Prince of Wales Drive 701, Mississauga, ON L5B 0C6 - View 1

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$482,000

Listed at: $499,999

Off-Market

385 Prince of Wales Drive 701, Mississauga, ON L5B 0C6

1Bedrooms

1Bathrooms

1Parking

Sold on Jan 15, 2025

47 Days on Market

Key Highlights

Property TypeResidential Condo & Other

Property Sub TypeCondo Apartment

CityMississauga

NeighbourhoodCity Centre

Days on Market47 Days

Sold DateJan 15, 2025

ExposureNorth

LockerOwned

BasementNone

Property Description

**Investment Property with AAA Tenant existing income of $2,400/mth & 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 A...

Property Details

Construction MaterialsBrick

Approximate Age0

MLS StatusSold

MLSW11559169

Sold DateJan 15, 2025

Annual Taxes$2,546.49

Maintenance Fees$550.78

Maintenance Fee IncludesHeat Included, Water Included, CAC Included, Common Elements Included

Cross StreetsBurnhamthorpe & Confederation

Interior Features

HeatingForced Air (Gas)

CoolingCentral Air

Interior FeaturesNone

Exterior Features

Architectural StyleCondo Apartment

Garage TypeUnderground

Pets AllowedYes-with Restrictions

Exterior FeaturesBrick

Building & Property Amenities

concierge

gym

indoor pool

heat included

water included

cac included

common elements included

Comprehensive Specifications

AreaPeel

Balcony TypeOpen

Bedrooms Above Grade1

Buyer Office NameRE/MAX REALTY SPECIALISTS INC.

Contract StatusUnavailable

Exclusionsany items affixed to the property belonging to the Tennant.

Geocode SourceMAPBOX

InclusionsFridge, Stove, Built-in Dishwasher, Built-in Microwave, Stacked Washer and Dryer, Window Coverings, One Parking and One Locker.

Kitchens Above Grade1

Kitchens Total1

Legal Stories7

List A O RToronto Regional Real Estate Board

Living Area Range600-699

LockYes

Locker NumberB234

Parking Level Unit1Level C

Parking Spot1#192

Parking Type1Owned

Percent List Price96

Possession Date2025-01-02

Possession DetailsImm/Flex

Property Management CompanyCity Towers Property Management

Purchase Contract Date2025-01-15

Rooms Above Grade4

Sold Conditional Entry TimestampJan 7, 2025, 5:16 PM

Sold Entry TimestampJan 17, 2025, 4:36 PM

Square Foot Source600 + bal As per MPAC

Status Certificate Y NYes

Street SuffixDrive

Tax Year2024

Unit Number701

Washrooms Type11

Washrooms Type1 LevelFlat

Washrooms Type1 Pcs4

Map

Rooms

Name	Size	Meter Features
Primary Bedroom	3.04 x 3.53 m
Living Room	3.44 x 5.42 m
Foyer	1.06 x 2.88 m

Mortgage Calculator & Financial Insights

Estimated Paymentmonthly

$3,278 / month

Req. Household Income

$109,101/yr

Est. Upfront Cash

$27,715

Down Payment (5.0%)$24,100

5.0% ($24,100)50% ($241,000)

Interest Rate4.04%

Amortization Period

Monthly Payment Breakdown

Principal & Interest

$2,515

Property Taxes

$212

Maintenance Fees

$551

Req. Household Income (32% GDS):$109,101/yr

* Disclaimer: Estimated calculations for informational purposes only. Actual payments may vary based on lender approval, interest rates, taxes, insurance, and other applicable costs.