36 Elm Dr W 3107
Fairview, Mississauga, L5B 0N3
FOR SALE
$654,000
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Property Description
Elevate Your Lifestyle at Edge Tower 1Discover unparalleled luxury in the heart of Mississauga with this exquisite condominium located on the 31st floor of Edge Tower 1, 36 Elm Dr W. This sophisticated residence offers a harmonious blend of modern design, premium amenities, and a prime location, making it an exceptional investment opportunity.Property Highlights:Prime Location: Situated just steps away from Square One Shopping Centre, residents have immediate access to high-end retailers such as Holt Renfrew, Armani, Hugo Boss, Gucci, and the Rolex Boutique. The vibrant neighbour hood is also home to a variety of restaurants, cafes, and entertainment options, ensuring a dynamic urban lifestyle.Luxurious Amenities: Edge Tower 1 boasts a range of premium facilities designed to enhance your living experience:Elegant Lobby: Experience a grand entrance reminiscent of a high-end hotel, complete with a 24/7 concierge service dedicated to your convenience and security.Fitness & Wellness: Stay active with a state-of-the-art gym and a serene yoga studio, providing the perfect spaces for your workout routines.Entertainment Spaces: Enjoy leisure time in the Wi-Fi lounge, movie theatre, and billiards room, all thoughtfully designed for relaxation and socialising. Guest Accommodations: Host visitors comfortably with available guest suites, ensuring their stay is as luxurious as yours.Social Venues: Celebrate special occasions in the party rooms, which open onto an expansive terrace featuring a fire pit and BBQ area, ideal for entertaining guests.Investment Opportunity:Steady Rental Income: Currently tenanted with a monthly rental income of $2,600, this property offers immediate returns for investors seeking a reliable income stream.Attractive Pricing: DM for price, this condominium presents a rare opportunity to own a premium property without the premium price tag.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-27 | 2024-03-04 | 7 | $2,600 | $2,600 | Leased |
Nearby Intersections
Hurontario & Central (127)
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Property Details
Street
Community
City
Property Type
Condo Apt, Multi-Level
Approximate Sq.Ft.
700-799
Taxes
$3,750 (2024)
Basement
None
Exterior
Alum Siding, Concrete
Heat Type
Forced Air
Heat Source
Gas
Hydro Included
Yes
Air Conditioning
Central Air
Elevator
Yes
Parking Spaces
1
Parking 1
Exclusive
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 10.50' x 14.24' | , B/I Appliances |
| Prim Bdrm | Main | 10.83' x 9.97' | 3 Pc Ensuite, Closet, Laminate |
| Den | Main | 8.01' x 8.01' |
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Mississauga Market Statistics
Mississauga Price Trend
36 Elm Dr W 3107 is a 1-bedroom 2-bathroom condo listed for sale at $654,000, which is $159,181 (32.2%) higher than the average sold price of $494,819 in the last 30 days (December 18 - January 16). During the last 30 days the average sold price for a 1 bedroom condo in Mississauga declined by $19,095 (3.7%) compared to the previous 30 day period (November 18 - December 17) and down $47,687 (8.8%) from the same time one year ago.Inventory Change
There were 94 1-bedroom condos listed in Mississauga over the last 30 days (December 18 - January 16), which is down 9.6% compared with the previous 30 day period (November 18 - December 17) and up 135.0% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Mississauga typically sold ($9,621) (1.9%) below asking price over the last 30 days (December 18 - January 16), which represents a $3,473 increase compared to the previous 30 day period (November 18 - December 17) and ($15,271) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 1-bedroom condos in Mississauga over the last 30 days (December 18 - January 16) stood at 38.3%, down from 39.4% over the previous 30 days (November 18 - December 17) and down from 80.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 2-bathroom condo in Mississauga stood at 46 days when successfully sold over the last 30 days (December 18 - January 16), compared to 83 days before being removed from the market upon being suspended or terminated.Listing contracted with Bay Street Group Inc.
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