Unit 511, 55 Elm Drive W
Mississauga (City Centre), ON L5B 3Z3
Towne Two Condos23 storeys, 327 suites, built 1990- 2+1Bedrooms
- 2Bathrooms
- 2Parking
- 1200–1399Sq Ft
- $3,039Tax
- $1,018/moCondo Fee
Estimated Value:$504,900See Free Estimate Report
Property not available for sale or for rent.
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for Unit 511, 55 Elm Drive W, Mississauga, City Centre
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About Unit 511, 55 Elm Drive W, Mississauga, City Centre
Summarized Description
- Bright and spacious condo with ample living space.
- Two bedrooms located on opposite sides for privacy.
- Sun-filled den ideal for home office or sitting area.
- Prime location near Square One and public transit.
- Currently tenanted, offering immediate rental income.
- Perfect for families or couples seeking a versatile layout.
- Top amenities include indoor pool and fitness room.
Photos shown are of an identical floor plan and accurately reflect the same unit size as advertised. This bright and spacious condo offers more space than most newly built units. Excellent opportunity for investors. Currently tenanted - perfect for those looking to buy low and enjoy steady rental income from day one, these prices won't last. Ideal layout for families or couples seeking privacy, with two generously sized bedrooms located on opposite sides of the suite. The sun-filled den provides the perfect space for a home office or an additional sitting area. Prime location within walking distance to Square One, schools, parks, and transit. With top-notch building amenities including an indoor pool, sauna, fitness room, and 24-hour security.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $3,039
- Land Transfer Tax Fee
- $6,375
Condo/Maintenance Fee
- Maintenance Fee
- $1,018 /month
Included In Maintenance Fee
- Heat Included
- Hydro Included
- Water Included
- Cable TV Included
- CAC Included
- Common Elements Included
- Building Insurance Included
- Parking Included
- Basement Type
- None
Interior Features
- Pets Permitted
- Yes-with Restrictions
- Laundry Features
- Ensuite
- Laundry Level
- Main Level
- Interior Extras
- Carpet Free
- Fireplace/Stove
- No
- Elevator
- Yes
Exterior Features
- Balcony
- None
Building Amenities
- Party Room/Meeting Room
- Tennis Court
- Indoor Pool
- Gym
- Squash/Racquet Court
- Visitor Parking
Building
- Building Type
- Condo Apartment
- Building Style
- Apartment
- Condo Corp Number
- 386
Construction
- Exposure
- South
- Exterior Finish
- Concrete
- Special Designation
- Unknown
Parking & Garages
- Garage Type
- Underground
- Garage Spaces
- 2
- Parking Type
- Owned
- Parking Spaces
- 0
- Total Garage And Parking Spaces
- 2
Lockers
- Locker Type
- Owned
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Forced Air
- Air Conditioning
- Central Air
- Bedrooms
- 2 + 1
- Washrooms
- 2
- Kitchens
- 1
Room sizes
- Living Room—Main level, Laminate, Large Window, Wood Trim
- Dining Room—Main level, Laminate, Large Window, Wood Trim
- Kitchen—Main level, Tile Floor, Large Window, Stainless Steel Sink
- Primary Bedroom—Main level, Laminate, Walk-In Closet(s), Wood Trim
- Bedroom 2—Main level, Laminate, Closet, Wood Trim
- Solarium—Main level, Laminate, Large Window, Wood Trim
Washrooms
- 3-piece, Main
- 4-piece, Main
- Municipality
- Mississauga
- Neighbourhood
- City Centre
- Main cross streets
- Hurontario St & Burnhamthorpe Rd W
- Directions
- Hurontario St & Burnhamthorpe Rd W
- MLS® number
- W13423914
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-07-17
- Listed on
- 2026-06-08
- Days on market
- 39 days
- Possession type
- Flexible
- Co-op commission
- 2.5% + HST
- Seller
- Listed by
- Royal Lepage Real Estate Associates
Home Market Value
Current home valuation for Unit 511, 55 Elm Drive W, Mississauga, City Centre, Mississauga, ON. Listed for $495,000
HOMEH Estimate
$504,900
Estimated Sales Range
$431,685 - $577,164
HOMEH Estimate for Unit 511, 55 Elm Drive W, Mississauga, City Centre
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% of purchase price for homes $500K or less
$24,750
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $18,810 | $13,811 | $11,781 | $0 |
=Total mortgage | $489,060 | $459,311 | $432,531 | $396,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $2,388monthly | $2,243monthly | $2,112monthly | $1,933monthly |
Land Transfer Tax
$6,375
$6,375
Around this home
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