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    Mississauga / Downtown Core

    1408 - 385 Prince Of Wales Dr

    For SaleChicago Condos
    $639,000
    Price Cut: $649,000
    1 Bed + 1
    2 Bath
    1 Parking
    748 SQFT
    160 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $618/mth
    Taxes:
    $2,723 (2023)
    Cost Per Sqft:
    $854/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    TBA/Flexible
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Open Concept, Walkout To Balcony
    13.71 x 10.89ft
    Dining
    Combined with Living, Open Concept, Tile Floor
    13.71 x 10.89ft
    Kitchen
    Centre Island, Stainless Steel Appliances, Tile Floor
    14.01 x 8.01ft

    About this Listing

    Spectacular Upgraded Corner Unit in the Heart of Mississauga boasting Panoramic views of the Downtown Core. With large windows wrapping around the spacious living area, natural light floods the interior, illuminating every corner with a warm glow. The nine-foot ceilings add to the sense of openness, creating an airy atmosphere that invites relaxation. Meticulously designed with modern finishes and sleek accents, the condo exudes sophistication and style. Amenities Such As 24 Hrs. Concierge, Indoor Pool, Sauna, Gym, Rock Climbing, Virtual Golf, Rooftop Deck/Garden With Bbq, Theatre Room & Media Room take this Building to the Next Level. Steps To Square One Shopping Centre, City Hall, Sheridan College, Celebration Square, Public Library and Cineplex. Quick Access to Hwy 403/410/401& Public Transit. 1 Parking Spot & Locker Included. A True Gem!

    new era real estateMLS® #W8413292

    Amenities

    BBQs Allowed
    Sauna
    Rooftop Deck
    Security System
    Party Room
    Outdoor Pool

    Explore Neighbourhood

    9/10
    Walkability
    One small step for you. One giant leap towards never needing a gym membership.
    8/10
    Transit
    So frequent, you might accidentally start collecting tickets.
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    9,194
    Average Individual Income
    $63,586
    Average Household Size
    2 persons
    Average Age
    60
    Average Household Income
    $105,144
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    16%
    15 - 19
    1%
    20 - 34
    23%
    35 - 49
    19%
    50 - 64
    21%
    65+
    17%
    Household Income
    $0 - $30,000
    44%
    $30,000+
    28%
    $60,000+
    16%
    $90,000+
    6%
    $125,000+
    3%
    Housing Types & Tenancy
    Detached
    41%
    High Rise Apartment
    24%
    Semi Detached
    24%
    Low Rise Apartment
    6%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    83%
    Other
    8%
    Punjabi
    4%
    Tagalog
    1%
    Hindi
    1%
    Spanish
    1%
    Mandarin
    1%
    Urdu
    1%
    Education
    High School
    32%
    University and Above
    25%
    College
    21%
    None
    15%
    Apprenticeship
    3%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    20%
    Social Sciences
    12%
    Health & Related Fields
    10%
    Math & Computer Sciences
    6%
    Personal, Protective & Transportation Services
    5%
    Humanities
    4%
    Education
    4%
    Physical Sciences
    3%
    Visual & Performing Arts
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Chicago Condos vs The Downtown Core Area

    Building Trends At Chicago Condos

    Days on Strata

    Units at Chicago Condos spend an average of
    38
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Downtown Core

    Turnover of Units

    On average, each unit is owned for
    5.3
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 44 condos in the Downtown Core area

    Sold Units

    18
    Units were Sold over the past twelve months

    Rented Units

    76
    Units were Rented over the past twelve months

    Best Value Rank

    Chicago Condos offers the
    ?
    best value out of 44 condos in the Downtown Core neighbourhood

    Appreciation Rank

    Chicago Condos has the
    ?
    highest ROI out of 44 condos in the Downtown Core neighbourhood

    Rental Yield

    Chicago Condos yields the
    ?
    highest rent prices out of 44 condos in the Downtown Core neighbourhood

    High Demand

    Chicago Condos is the
    ?
    most popular building out of 44 condos in the Downtown Core neighbourhood

    Transaction Insights at 385 Prince of Wales Drive

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price Range$425,000 - $430,000$524,000 - $537,000$495,000 - $605,000$611,000 - $623,800$840,000No DataNo Data
    Avg. Cost Per Sqft$1,035$852$807$817$818No DataNo Data
    Avg. Wait for Unit Availability164 Days25 Days23 Days73 Days131 Days483 Days588 Days
    Ratio of Units in Building6%32%39%11%6%3%5%

    Transactions vs Inventory

    Total number of units listed and sold in Downtown Core