$489,000
For sale: Apartment

ATTENTION INVESTORS! Turnkey investment opportunity in the heart of Mississauga City Centre with a newly placed tenant already in place, offering immediate rental income from day one of ownership! No vacancy period and no need to search for a tenant - simply take ownership and begin collecting rent. Currently leased at $2,250/month, with utilities paid by the tenant. The tenant has expressed an interest in long-term occupancy. This bright and spacious 1 Bedroom + Den suite at the sought-after PSV II features a highly functional open-concept layout, 9-ft ceilings, crown moulding and plenty of natural light. The modern kitchen features granite countertops and stainless steel appliances, while the versatile den is ideal as a home office, study or additional flexible space. Freshly painted with newer laminate flooring throughout. One underground parking space and one owned locker are included. Enjoy an exceptional City Centre location just steps to Square One, Celebration Square, Sheridan College, restaurants, entertainment, parks and public transit, with convenient access to major highways. Residents enjoy an impressive array of building amenities including 24-hour concierge, indoor pool, fitness center, sauna, guest suites and party/meeting rooms. An excellent opportunity to acquire a well-located, income-producing condo with an established tenant and immediate rental income. An ideal addition to an investment portfolio!
Sold data
Apartment homes in Mississauga took a median of 35 days to sell over the last 90 days, with the quickest quarter selling within 19 days and the slowest quarter taking more than 60, across 357 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 67 days.
The median sale price was $479,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 12% of sales closed above the list price.
Around 24% of sellers reduced their price before finding a buyer.
Based on 357 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Mississauga has 131 Fraser Institute–rated schools (96 elementary and 35 secondary), averaging 6.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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