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    2508 - 385 Prince Of Wales Dr

    For SaleChicago Condos
    $549,900
    1 Bed + 1
    2 Bath
    1 Parking
    747 SQFT
    11 Days on Strata

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $618/mth
    Taxes:
    $3,010 (2024)
    Cost Per Sqft:
    $736/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South West
    Possession Date:
    Flexible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Prim Bdrm
    Closet, 4 Piece Ensuite
    10.17 x 9.81ft
    Den
    Vinyl Floor
    7.05 x 7.12ft
    Living
    Picture Window, Combined with Dining, Walk-Out
    14.4 x 10.7ft

    About this Listing

    This spacious 25th-floor corner unit in Mississauga's city centre offers stunning views of downtown and the distant lake through large windows that flood the living area with natural light. The nine-foot ceilings add to the airy feel, while the open-concept living and dining area is perfect for entertaining or relaxing. The corner balcony provides an excellent vantage point for watching fireworks at Celebration Square on Canada Day and New Year's Eve. The unit includes one bedroom and a versatile den that can be used as a second bedroom or office. From the living room picture window, you can enjoy a stunning view of the beautiful garden terrace below, with its lush greenery and vibrant flowers creating a peaceful and inviting atmosphere. Building amenities are top-tier, with a 24-hour concierge, indoor pool, sauna, gym, rock climbing wall, hot tub, virtual golf, a private theatre and more. Located steps away from Sheridan College, Square One Mall, the Living Arts Centre, Cineplex, YMCA, and more, it also offers quick access to Hwy 403 and public transit. Convenient ground-level amenities include Rabba, Subway, and a Medical office. The unit comes with one parking spot and a locker, offering both luxury and convenience.

    Extras1 Parking & 1 Locker

    right at home realtyMLS® #W10420536


    Amenities

    Party Room
    Security System
    Visitor Parking
    Outdoor Pool
    Gym Room
    Sauna

    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!'

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    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%

    Maintenance Fees

    Chicago Condos vs The Downtown Core Area

    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

    -7%
    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

    17
    Units were Sold over the past twelve months

    Rented Units

    74
    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$815$817$818No DataNo Data
    Avg. Wait for Unit Availability159 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