$515,000
1107 - 4070 Confederation , Mississauga
2 BD 2 BA 1 Parking
Maint. Fee $745.59
MLS#: W13776730
29 days on market
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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
$24,100
5.0% ($24,100)50% ($241,000)
4.04%
Monthly Payment Breakdown
Principal & Interest
$2,515Property Taxes
$212Maintenance Fees
$551Req. 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.
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