385 Prince Of Wales Drive Unit #1311, Mississauga

Price: $619,000

2 bedrooms, 2 bathrooms

800 sqft

Property Type: Condo

MLS#: W13763928

Luxury And Bright 2 Bedrooms, 2 Bathrooms Corner Suite Is Located In The Heart Of Mississauga. Modern Kitchen With S/S Appliances And Breakfast Bar. Features Open Concept Living/Dining Area And Spacious Bedrooms, Walkout To Private Balcony And Large Windows Throughout. Within Walking Distance To Sheridan College, Library, YMCA And Square One Shopping Center. Easy Access To Public Transit, Go Station And Highways!

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$619,000 - 385 Prince Of Wales Drive Unit #1311, Mississauga

Condo for Sale in Mississauga

Neighbourhood: City Centre

2Beds
2Baths
800Sq Ft
Condo

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Property Details
MLS Number
W13763928
Property Type
Condo
Status
active
Days on Site
15
Bedrooms
2
Bathrooms
2
Square Feet
800 sqft
Neighbourhood
Mississauga
Locker
Owned
Exposure
North West
Balcony
Open
Listing Brokerage
REAL ONE REALTY INC.
Description

Luxury And Bright 2 Bedrooms, 2 Bathrooms Corner Suite Is Located In The Heart Of Mississauga. Modern Kitchen With S/S Appliances And Breakfast Bar. Features Open Concept Living/Dining Area And Spacious Bedrooms, Walkout To Private Balcony And Large Windows Throughout. Within Walking Distance To Sheridan College, Library, YMCA And Square One Shopping Center. Easy Access To Public Transit, Go Station And Highways!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,175.79/mo

Includes CMHC insurance ($17,270)

$
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5%10%50%

5-yr fixed avg.

Principal: $557,100Interest: $378,367
Mortgage Amount$574,370
Total Interest$378,367
Est. Property Tax$438/mo
Total Cost$952,737

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: City Centre

Discover City Centre

City Centre is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in City Centre

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

City Centre offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

385 Prince Of Wales Drive Unit #1311, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$520
Property Tax (est.)-$438
Insurance (est.)-$129
Net Cash Flow+$1,113

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $774/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Market Position

At 15 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Efficient Living

At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

Mississauga Market Insight

Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.

About City Centre

I know City Centre well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    385 Prince Of Wales Drive Unit #1311 | $619,000 | Battaglia Team