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317 - 385 Prince of Wales Drive
For SaleChicago CondosEst Sell Timeframe 13 Days
$609,900
1 Bed + 1
1 Bath
1 Parking
746 SQFT
36 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Cost Per Sqft:
$818/sqft
Maintenance Fees:
$568/mth
Taxes:
$2,450 (2024)
Locker:
Owned
Outdoor Space:
Terrace
Exposure:
North West
Possession Date:
April 1, 2024
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
- Ensuite Laundry
- No
Room Dimensions
Living
Laminate, Combined with Dining, Walkout To Balcony
15.42 x 10.17ft
Dining
Laminate, Combined with Living
15.42 x 1017.11ft
Kitchen
Granite Counter, Ceramic Floor, Stainless Steel Appliances
8.53 x 8.53ft
About this Listing
Great Investment opportunity, Property is tenanted to AAA with a new one year Lease. Fabulous Luxury 9 Ft Ceiling 1 Bedroom + Large in The Upscale "Chicago Tower" Located In The Heart Of Mississauga Near Sq.One. Open Concept Kitchen/ Granite Counters And Breakfast Bar & Back-Splash & Stainless Steel Appliances. Bright Living/Dining Room With Walk-Out To Large Terrace. Large Den Can Be Used As 2nd Br.
ExtrasIndoor Pool, 30 Ft Climbing Wall, Bbq Area On Outdoor Terrace, Gym/Fitness Center, Sauna, Party Room, Media Center, Theater And Much More.
ranex realty group inc.MLS® #W8176790
Amenities
Visitor Parking
Indoor Pool
Media Room
Party Room
Rec Room
Indoor Parking
Nearby Amenities
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!'
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
Household Income
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
Building Trends At Chicago Condos
Days on Strata
Units at Chicago Condos spend an average of
30
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
LOWchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
5.4
YEARS before being sold againProperty Value
4%
Increase in property value within the past twelve months
Price Ranking
8th
Highest price per SQFT out of 43 condos in the Downtown Core area
Sold Units
19
Units were Sold over the past twelve months
Rented Units
70
Units were Rented over the past twelve months
Best Value Rank
Chicago Condos offers the best value out of 43 condos in the Downtown Core neighbourhood
?
Appreciation Rank
Chicago Condos has the highest ROI out of 43 condos in the Downtown Core neighbourhood
?
Rental Yield
Chicago Condos yields the highest rent prices out of 43 condos in the Downtown Core neighbourhood
?
High Demand
Chicago Condos is the most popular building out of 43 condos in the Downtown Core neighbourhood
?
Transaction Insights at 385 Prince of Wales Drive
Studio | 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | 3 Bed + Den | |
---|---|---|---|---|---|---|---|
Price Range | $425,000 - $449,000 | $520,000 - $555,000 | $540,000 - $615,000 | $710,000 - $719,000 | No Data | No Data | No Data |
Avg. Cost Per Sqft | $1,035 | $908 | $835 | $830 | No Data | No Data | No Data |
Price Range | $1,900 - $2,150 | $2,350 - $2,600 | $2,300 - $2,950 | $2,800 - $3,100 | $2,800 - $2,900 | $3,800 | $3,600 - $3,950 |
Avg. Wait for Unit Availability | 143 Days | 25 Days | 23 Days | 71 Days | 98 Days | 1449 Days | 327 Days |
Avg. Wait for Unit Availability | 54 Days | 12 Days | 11 Days | 46 Days | 106 Days | 369 Days | 111 Days |
Ratio of Units in Building | 6% | 33% | 39% | 10% | 7% | 2% | 6% |
Maintenance Fees
Chicago Condos vs The Downtown Core Area