385 Prince of Wales Dr 701 (2024-09-25)

Description

**Investment Property with existing income, offering a 3.78% Cap Rate** AAA Tenant with rental income of $2,400/month & an assumable lease expiring August 14th, 2025! High demand building for rentals! Amazing opportunity for buyers requiring additional income to qualify for a mortgage! Spacious unit with a functional layout! Open Concept Kitchen With Stainless Steel Appliances, Granite Counter Tops & A Large Breakfast Bar! The Primary Bedroom offers His and Her closets, a large window and updated laminate floors. Tall 9' Ceilings & Modern Baseboards throughout. North facing balcony that offers a tranquil setting & a sunny northern exposure! Quiet unit, yet located right in the heart of Mississauga's City Centre, Close Proximity To Public Transit such as the Go and Soon to be LRT! Easy access to Hwy 403 & Square One Shopping Centre! Indulge in the Many Restaurants, Cafes, Cinema, YMCA, Living Arts Centre, Public Library and the Performing Arts Venue!Amenities Incl: An Indoor Pool, Saunas, Whirlpool, Gym, 24hr Concierge, Outdoor Deck, Party Rm, Billiards Rm, Theatre, Virtual Golf, Foosball Table and a Rock-Climbing Wall!

Features

Facing: North
Bedrooms: 1
Bathrooms: 1
Garages: 1
Kitchens: 1

Details

Space: 600-699
Maintenance: $ 534.98
Tax: $ 2371.30
W9366840
Listing contracted with: FOREST HILL REAL ESTATE INC.

Room	Size(M)	Description
Foyer	2.88x1.06	Hardwood Floor, Closet
Kitchen	2.59x2.43	Ceramic Floor, Stainless Steel Appl, Granite Counter
Living	5.42x3.44	Hardwood Floor, W/O To Balcony, North View
Dining	5.42x3.44	Hardwood Floor, Combined W/Living, Breakfast Bar
Prim Bdrm	3.53x3.04	Laminate, Large Closet, Large Window
Other	3.13x1.64	Balcony, North View

Bathroom	Pieces	Level
1xBath	4 pcs	Flat

Property Summary

Located close to the intersection of Burnhamthorpe & Confederation, #701-385 Prince of Wales Dr is a 1 bedrooms 1 washrooms Condo Apt. The unit has a Single Underground Parking Space with a Locker. The property has many nice features including Public Transit, Library and Arts Centre. .

Chicago

385 Prince of Wales Dr was developed by real estate developer Daniels Corporation. The age of the residential building is approximately 14 years. It has about 36 levels and 484 units. Chicago offers amenities such as Party/Meeting room, Visitor Parking, Guest Suites, Concierge, Rooftop Deck/Garden, Indoor Pool, Sauna and Gym. The monthly maintenance fee includes Water. There are total 13 units for sale and 7 for lease in 385 Prince of Wales Dr.