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    5255 Palmetto Place

    5255 Palmetto Pl Townhomes
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    2for Sale
    1for Rent

    Building Details

    Property Type:
    Townhouse
    Number of Storeys:
    1
    Number of Units:
    107
    Condo Completion:
    2008
    Condo Demand:
    Medium
    Unit Size Range:
    400 - 2,000 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for 5255 Palmetto Pl Townhomes

    Receive listing updates for Churchill Meadows

    Amenities

    BBQ
    Indoor Parking
    Visitor Parking

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 5255 Palmetto Place5255 Palmetto Pl Townhomes

    5255 Palmetto Pl Townhomes is a Mississauga condo located at 5255 Palmetto Place in the Churchill Meadows neighbourhood. The condo was completed in 2008 and features 107 units over 1 storeys. Mississauga condo for sale here range from 400 square feet, up to 2000 square feet.

    The Suites

    The average cost per-square-foot for units at 5255 Palmetto Place is $500, based on the past 12 months of sales, and units tend to sell within 19 days of being listed. 4 units have been rented in the previous 12 months, and 3 units have been sold. Suites often sell for -0.43% below the listing price and have a medium chance of receiving multiple offers.

    The Neighbourhood

    Living here means you’re just a 11-minute walk from #1 Tasty Food, Tim Hortons and Nations Kitchen, making it easy to dazzle your taste buds without much effort. Get to know Churchill Meadows by exploring local cafes like McDonald's and Starbucks.

    Grocery shopping is never a chore with stores such as Nations Fresh Foods and Longo's Glen Erin in the area.

    There are a number of banks within a short drive, including Scotiabank for all your investment needs.

    5255 Palmetto Place is just a short 2-minute drive to several green spaces like Duncairn Downs Park, Swinbourne meadows and McCracken Community Park.

    Like to shop? Everything you need is close by when you live at 5255 Palmetto Place, including Erin Mills Town Centre, Erin Mills Latin Dance Club and Lunch which are only 3 away.

    There are also several unique attractions nearby to keep yourself entertained, such as Arta Muro — all just a quick 16-minute walk away.

    5255 Palmetto Pl Townhomes is a short drive away from St. Sebastian Catholic Elementary School, giving you plenty of choice for your child’s education. If you're open to commuting, a quick transit ride offers even more options, including St. Aloysius Gonzaga Secondary School, John Fraser Secondary School and Steam Works Studio Canada.

    Transportation

    Transit users will need to trek a bit to Winston Churchill Blvd At Erin Centre Blvd, the nearest light transit stop.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 2555 Thomas Street, 3015-3025 Destination Drive and 2875-2935 Hazelton Place.

    2

    Listings For Sale

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    1

    Listings For Rent

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    Explore Neighbourhood

    3/10
    Walkability
    A sight of a grocery store is as rare as a unicorn sighting.
    5/10
    Transit
    You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
    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
    12,764
    Average Individual Income
    $58,909
    Average Household Size
    2 persons
    Average Age
    37
    Average Household Income
    $113,327
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    16%
    20 - 34
    25%
    35 - 49
    20%
    50 - 64
    21%
    65+
    15%
    Household Income
    $0 - $30,000
    43%
    $30,000+
    30%
    $60,000+
    17%
    $90,000+
    6%
    $125,000+
    2%
    Housing Types & Tenancy
    Detached
    42%
    Semi Detached
    42%
    Low Rise Apartment
    9%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    76%
    Punjabi
    9%
    Other
    9%
    Spanish
    2%
    Urdu
    2%
    Tagalog
    1%
    Hindi
    1%
    Education
    High School
    32%
    University and Above
    24%
    College
    20%
    None
    16%
    Apprenticeship
    4%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    27%
    Architecture & Engineering
    18%
    Health & Related Fields
    13%
    Social Sciences
    9%
    Math & Computer Sciences
    6%
    Humanities
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Education
    4%
    Visual & Performing Arts
    3%

    Days on Strata

    Units at 5255 Palmetto Pl Townhomes spend an average of
    19
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    5.1
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 17 condos in the Churchill Meadows area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    4
    Units were Rented over the past twelve months

    Best Value Rank

    5255 Palmetto Pl Townhomes offers the
    ?
    best value out of 17 condos in the Churchill Meadows neighbourhood

    Appreciation Rank

    5255 Palmetto Pl Townhomes has the
    ?
    highest ROI out of 17 condos in the Churchill Meadows neighbourhood

    Rental Yield

    5255 Palmetto Pl Townhomes yields the
    ?
    highest rent prices out of 17 condos in the Churchill Meadows neighbourhood

    High Demand

    5255 Palmetto Pl Townhomes is the
    ?
    most popular building out of 17 condos in the Churchill Meadows neighbourhood

    Transaction Insights at 5255 Palmetto Place

    1 Bed3 Bed3 Bed + Den
    Price RangeNo Data$835,000 - $912,000No Data
    Avg. Cost Per SqftNo Data$484No Data
    Avg. Wait for Unit AvailabilityNo Data92 Days170 Days
    Ratio of Units in Building2%76%24%

    Unit Sales vs Inventory

    Total number of units listed and sold in Churchill Meadows