One Park Tower Condos – 388 Prince of Wales Drive, Mississauga, ON – L5B 0A1
One Park Tower Condos are among the Best Square One Condos
One Park Condos building is located in the heart of Square One, Mississauga at 388 Prince of Wales Dr. The prices at One Park Tower are growing fast like the rest of the condos in Square One, Mississauga. I just bought a beautiful 1 bedroom unit for one of my investor clients at One Park Tower. It is an Athens model and comes with clear views of north and west Mississauga. This is a very popular model and known for its super-sized master bedroom. This model has seen the maximum appreciation when comparing other models at One Park Tower.
Just a few months ago, my team had leased a similar model for $1,450 per month. Now we are expecting $1,600 per month rent and are swamped with offers within two days of listing. This is not a great news for tenants out there as rental rates are moving up. But this makes a very good investment and carries itself with only 25% down payment.
The tower is next to a huge park and very close to the YMCA, Mississauga Library, City Hall, Living Arts Centre and the Celebration Square. One Park Tower building is known for its old world style architecture and high quality finishes from Daniels.
As you enter the One Park Tower building, you are welcomed by a hotel style lobby, high vaulted ceilings and a 24-hour concierge. Ground floor features a fitness and leisure centre. One Park Tower also offers an indoor pool, steam rooms, a whirlpool, outdoor terraces and a multi-purpose room. There is a full-time recreation coordinator and an exclusive club for residents. Club 38 features a lounge and bar area, complete with plasma screens, billiards table and a kitchen.
One Park Tower is among one of the best managed condo buildings at Square One. Maple Ridge has recently taken over the property management at One Park Tower condos.
One Park Tower Condo Prices For Sale & For Rent
|Unit||Avg. Sold Price 2010||Avg. Sold Price 2016||Avg. Monthly Rent 2016|
|1 BR, 1 WR||$224,000||$276,500||$1,575|
|1 BR+1, 2 WR||$267,500||$316,000||$1,700|
|2 BR, 2 WR||$310,000||$368,000||$1,900|
|2 BR+1, 2 WR||$330,000||$380,000||$2,150|
|3 BR, 2 WR||$380,000||$482,000||$2,700|
Also take a look at our latest City Gate condo listing. The average rent and sale prices are an indication of past performance only. Square One condo prices are increasing like wildfire. I expect these records to be broken in 2017.