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    388 Prince of Wales Drive

    8for Sale
    8for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    37
    Number of Units:
    404
    Condo Completion:
    2008
    Condo Demand:
    Medium
    Unit Size Range:
    467 - 1,546 SQFT
    Unit Availability:
    Low

    Listing History for One Park Tower Condos

    Receive listing updates for Downtown Core

    Amenities

    Sauna
    Security System
    Guest Suites
    Rooftop Deck
    BBQ
    Indoor Parking

    Maintenance Fees

    Included
    Heat
    Water
    Excluded
    Hydro
    Air Conditioning

    About 388 Prince of Wales DriveOne Park Tower Condos

    The One Park Tower Condos is quite the luxurious building, hence the name of the street on which it sits. Located at 388 Prince of Wales Drive in Mississauga’s Downtown Core neighbourhood, the condo is aptly outfitted with a hotel-like lobby (equipped with a 24-hour concierge and all), first-class amenities, and intricately landscaped grounds.

    Built in 2008 by Daniels Corporation, 388 Prince of Wales still ranks 4th on the list of tallest buildings in Mississauga, at 37 storeys. The enormous tower contains 404 suites, the majority of which are home to young, sociable residents. Those living in the building aren’t shy to use the One Park Tower’s many amenities, such as the gym, indoor pool, sauna, guest suites, party room, terrace with barbecues, and visitor parking.

    The Suites

    While none of the homes at 388 Prince of Wales are quite palatial in size, suites range from cozy 450-square-foot studios to 1,500-square-foot, three bedroom units. This means that all sorts of prospective residents are accounted for, from single professionals to sizeable families and everyone in between.

    In terms of style the homes at 388 Prince of Wales are modern, yet elegant with their large windows, hardwood flooring, stainless steel appliances, and granite countertops. Best of all, every unit contains at least one balcony, while some even boast two.

    The Neighbourhood

    Living in the heart of Mississauga’s Downtown Core has its perks for residents of all ages. Those with kids might find they frequent the nearby Playdium Amusement Centre, Cineplex Cinemas, or the YMCA on rainy days, while an easy yet impressive date night for residents of the One Park Tower Condos involves dinner in the neighbourhood before or after a show at the Living Arts Centre.

    When it comes time to shop, residents have no need to leave the neighbourhood either. Groceries can be gathered at Whole Foods or Rabba Fine Foods, while wardrobe upgrades can always be accomplished at the nearby Square One Shopping Centre.

    Transportation

    Thanks to its central location, residents living at 388 Prince of Wales have no trouble getting around Mississauga. Drivers can use Hurontario or Mavis Road to hop onto the 403, which provides access to both the 401 and the 407. Those without cars of their own, on the other hand, can find bus stops on Prince of Wales Drive and Confederation Parkway, as well as at the City Centre Transit Terminal, which takes just 10 minutes to reach on foot.

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    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 condos

    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

    One Park Tower Condos vs The Downtown Core Area

    Days on Strata

    Units at One Park Tower Condos spend an average of
    21
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    5.4
    YEARS before being sold again

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    18th
    Highest price per SQFT out of 44 condos in the Downtown Core area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    61
    Units were Rented over the past twelve months

    Best Value Rank

    One Park Tower Condos offers the
    ?
    best value out of 44 condos in the Downtown Core neighbourhood

    Appreciation Rank

    One Park Tower Condos has the
    ?
    highest ROI out of 44 condos in the Downtown Core neighbourhood

    Rental Yield

    One Park Tower Condos yields the
    ?
    highest rent prices out of 44 condos in the Downtown Core neighbourhood

    High Demand

    One Park Tower Condos is the
    ?
    most popular building out of 44 condos in the Downtown Core neighbourhood

    Transaction Insights at 388 Prince of Wales Drive

    Studio1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price RangeNo DataNo Data$579,000 - $620,000$688,000$690,000 - $720,000$770,000
    Avg. Cost Per SqftNo DataNo Data$831$802$744$695
    Avg. Wait for Unit AvailabilityNo Data56 Days30 Days49 Days145 Days115 Days
    Ratio of Units in Building1%19%38%27%10%8%

    Unit Sales vs Inventory

    Total number of units listed and sold in Downtown Core