Hillcrest Condo for Sale Mississauga – One Bedroom + Solarium Penthouse Suite for Sale
Address: 145 Hillcrest Ave # 2316, Mississauga ON – L5B 3Z1
SOLD WITHIN ONE WEEK FOR $305,000 (108% of Asking Price)!
This Hillcrest Condo for Sale Mississauga is a one bedroom + solarium penthouse suite providing beautiful and expansive South views of Lake Ontario.
Hillcrest is a popular condo building located very close to Cooksville GO station, which is a very high demand area in Central Mississauga.
Additionally, Hillcrest condominium residents enjoy close proximity with the Square One Mall, and all that downtown Mississauga has to offer. This is an ideal location for GO Train commuters. The Hillcrest buildings are also in close proximity with highways 401, 403 and the QEW.
Due to easy connectivity, Hillcrest condos are very popular with people who work in downtown Toronto, students at UFT and Ryerson university and landlord investors. Hillcrest condominiums comprise of four buildings altogether. They fall under older Mississauga condominiums category. There is a continued trend of buying these older and spacious condos and refurbishing them with modern interiors. Older condos are preferred for their spacious and larger rooms by many buyers, as opposed to newer condos.
Building Amenities include: Concierge, Gym, Party/Meeting Room, Squash/Racquet Court, Visitor Parking.
This immaculate condo features spacious living with a separate dining area next to a bright kitchen.
It has been tastefully renovated with a brand new kitchen, laminate floors, new baseboards, closet doors, light fixtures, switches & a fresh coat of designer paint throughout. Laundry is available at P1 Level for this unit.
The views from this condo are breathtaking. Solarium is a unique feature found in only some Square One condo buildings. The large windows add ample sunlight and an airy feel to the whole condo.
Don’t miss out on this gem of a deal. This condo is ideal for first time buyers and investor landlords.
Other Property Info:
Price: $283,000 (includes one parking)
Monthly Property Tax: $120.00
Monthly Condo Fee: $367.20
If you are a first time buyer wondering if this is the right property for you and worried whether you can afford it, let us do some simple math for you. You will find that this Hillcrest condo could well be within your means to own as your first home!
As a first time buyer, if you put only 5% down payment ($14,150), the monthly carrying costs will be close to how much you might be paying towards rent per month.
Here’s a Monthly breakdown:
Mortgage payment (after 5% down based on 3.39% interest rate, 25 year amortization): $1,380
Property Tax: $120
Condo Fee: $367
Condos Insurance: $25
Total Monthly Cost to Own this Condo after making a 5% down payment is: $1,892 per month.
Why Rent when you can Buy! So why would you continue to rent, when just for a little bit more, you can own your first home?
Investors can buy this condo with a 20% down payment. This means that your monthly cash out will be lower than someone putting in 5% down.
In fact, investors may make an approx $100 positive cash flow after renting the unit. Such condos fetch a monthly rent of $1,600 easily.