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    Towne Two Condos
    by Tridel

    55 Elm Drive W

    3for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    23
    Number of Units:
    327
    Condo Completion:
    1990
    Condo Demand:
    High
    Unit Size Range:
    536 - 2,000 SQFT
    Unit Availability:
    Medium
    Property Management:
    Del Property Management Inc.

    Listing History for Towne Two Condos

    Amenities

    Visitor Parking
    BBQ
    Indoor Pool
    Sauna
    Rec Room
    Security System

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 55 Elm Drive WTowne Two Condos

    Anyone who’s seeking a Peel Region condo for sale should consider Towne Two Condos at 55 Elm Drive W. Tridel completed this building back in 1990, but unlike other buildings of that age, maintenance fees are higher than average at $0.77 per-square-foot. The 23-storey building is home to 327 suites with units ranging between 536 and 2000 square feet.

    This condo has a Walk Score of 80 and a high demand ranking, based on Strata.ca’s analytics. Maintenance fees are $0.77 per-square-foot, which is higher than the neighbourhood average of $0.73 per-square-foot.

    The Suites

    On average, units at 55 Elm Drive W sell -2.10% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $717 and units sell with 17 days on market on average. Over the past 12 months, 17 have sold and 14 have have been rented here.

    The Neighbourhood

    Living here means you’re just a 5-minute walk from We Eats Canada, Bombay Frankie - The Original Bombay Roll and The Wave Bar and Lounge, making it easy to dazzle your taste buds without much effort. In the mornings, become a regular at Flavaco Coffee & Snacks, a quick 2-minute walk from Towne Two Condos.

    There are a number of grocery stores within a short drive, including Metro, Al Quds Markets and Walmart Grocery Pickup.

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

    Residents at this condo are also just a short drive away from green spaces such as Cooksville creek trail, Linear Park and Garden of the Valley.

    Enhance your personal style while living in the Fairview neighbourhood by visiting Enfield Place Retail and Iona Plaza.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Art Gallery of Mississauga less than a 2-minute drive away will give you a lift. Untitled Spaces at Square One is just a short drive away for movie nights.

    Towne Two Condos is a short drive away from Saint Philip Elementary School, giving you plenty of choice for your child’s education.

    Transportation

    Transit users will need to trek a bit to Mississauga City Centre Terminal - Arrival, the nearest light transit stop. Kipling isn’t within a close walking distance, but you can drive there in about 27 minutes.

    If you’re interested in checking out other similar condos within walking distance, you might like 3900 Confederation Parkway, 33 Elm Drive W and 1 Elm Drive W.

    3

    Listings For Sale

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    0

    Listings For Rent

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    Nearby Amenities

    8/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    7/10
    Transit
    Transit's there for you, like a loyal golden retriever.
    6/10
    Bikeability
    The bike lane starts to feel like a second home.

    Demographics

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

    Population
    11,109
    Average Individual Income
    $56,148
    Average Household Size
    0 persons
    Average Age
    5
    Average Household Income
    $106,466
    Dominant Housing Type
    Semi Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Semi Detached
    48%
    High Rise Apartment
    21%
    Detached
    19%
    Low Rise Apartment
    7%
    Duplex
    2%
    Marital Status
    Commute
    Languages
    Tagalog
    1%
    Hindi
    1%
    Spanish
    2%
    Urdu
    2%
    English
    60%
    Gujarati
    1%
    Indigenous Language
    20%
    Other
    13%
    Education
    High School
    33%
    Apprenticeship
    3%
    University and Above
    23%
    College
    20%
    University Below Batchelor
    2%
    None
    16%
    Major Field of Study
    Personal, Protective & Transportation Services
    4%
    Health & Related Fields
    10%
    Architecture & Engineering
    19%
    Humanities
    6%
    Physical Sciences
    3%
    Math & Computer Sciences
    6%
    Social Sciences
    11%
    Education
    3%
    Visual & Performing Arts
    2%
    Agriculture & Natural Resources
    1%
    Business Management
    30%

    Price Trends

    Building Trends At Towne Two Condos

    Days on Strata

    Units at Towne Two Condos spend an average of
    17
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    8.4
    YEARS before being sold again

    Property Value

    -11%
    Decrease in property value within the past twelve months

    Price Ranking

    6th
    Highest price per SQFT out of 19 condos in the Fairview area

    Sold Units

    17
    Units were Sold over the past twelve months

    Rented Units

    14
    Units were Rented over the past twelve months

    Best Value Rank

    Towne Two Condos offers the
    ?
    best value out of 19 condos in the Fairview neighbourhood

    Appreciation Rank

    Towne Two Condos has the
    ?
    highest ROI out of 19 condos in the Fairview neighbourhood

    Rental Yield

    Towne Two Condos yields the
    ?
    highest rent prices out of 19 condos in the Fairview neighbourhood

    High Demand

    Towne Two Condos is the
    ?
    most popular building out of 19 condos in the Fairview neighbourhood

    Transaction Insights at 55 Elm Drive W

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$495,000 - $515,000$490,000 - $600,000No Data$555,000 - $675,000No Data
    Avg. Cost Per Sqft$809$617No Data$531No Data
    Avg. Wait for Unit Availability66 Days99 Days85 Days78 Days370 Days
    Ratio of Units in Building29%23%25%23%2%

    Maintenance Fees

    Towne Two Condos vs The Fairview Area

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