Maintenance Fees
Summit City Centre Townhomes vs The Hurontario Area
2 - 62 Preston Meadow Ave
For SaleSummit City Centre Townhomes
71 Days on Strata
$798,000
2 Beds
2 Bath
2 Parking
1,474 SQFT
Listing History
2025 - Jan 22
for sale$798,000
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Unit Highlights
Ownership Type:
Condominium
Property Type:
Townhouse
Maintenance Fees:
$409/mth
Taxes:
$4,364 (2024)
Cost Per Sqft:
$541/sqft
Locker:
None
Outdoor Space:
Enclosed/Solarium
Exposure:
North East
Possession Date:
February 1, 2025
About this Listing
Discover the ultimate urban lifestyle in this perfectly situated unit in the heart of Mississauga. Just steps from transit, shops, restaurants, and parks, this home offers unparalleled convenience. Perfect for commuters, with easy access to major highways, it blends comfort with practicality in a vibrant community. Enjoy 9-foot ceilings and a bright, open-concept design. The kitchen showcases quartz countertops, a spacious center island, and a private balcony with no unit below for added privacy. Upper-level laundry adds to the convenience. With 2 parking spaces included, this low-maintenance home is perfect for modern living. **EXTRAS** Refrigerator, Stove, Dishwasher, Washer & Dryer
re/max premier the op teamMLS® #W11935559
Features
Maintenance Fees
Included
Air Conditioning
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Heat
Water
Utility Type
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
Amenities
BBQs Allowed
Bike Storage
Visitor Parking
Room Dimensions
Living
Balcony, hardwood floor
49.54 x 36.42ft
Dining
O/Looks Park, hardwood floor
29.53 x 28.22ft
Kitchen
Stainless Steel Appliances, Ceramic Floor
29.53 x 29.53ft
Buyer's Market
Balanced
Seller's Market
Building Spotlight
Similar Listings
Explore Hurontario
Commute Calculator
7/10
Walkability
It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
6/10
Transit
You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
5/10
Bikeability
You'll have a love-hate relationship with your gears. Mostly hate.
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
8,654
Average Individual Income
$58,099
Average Household Size
3 persons
Average Age
37
Average Household Income
$109,005
Dominant Housing Type
Semi Detached
Population By Age
Household Income
Housing Types & Tenancy
Semi Detached
41%
Detached
32%
Low Rise Apartment
20%
Duplex
4%
Marital Status
Commute
Languages (Primary Language)
English
74%
Other
9%
Punjabi
7%
Urdu
3%
Tagalog
2%
Spanish
2%
Hindi
2%
Gujarati
1%
Education
High School
31%
University and Above
25%
College
19%
None
16%
Apprenticeship
4%
University Below Batchelor
2%
Major Field of Study
Business Management
26%
Architecture & Engineering
17%
Health & Related Fields
14%
Social Sciences
10%
Math & Computer Sciences
8%
Personal, Protective & Transportation Services
5%
Education
5%
Humanities
4%
Physical Sciences
4%
Visual & Performing Arts
1%
Agriculture & Natural Resources
1%
Building Trends At Summit City Centre Townhomes
Days on Strata
Units at Summit City Centre Townhomes spend an average of
34
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
LOWchance of receiving
Multiple Offers
compared to other buildings in Hurontario
Turnover of Units
On average, each unit is owned for
6
YEARS before being sold againProperty Value
-3%
Decrease in property value within the past twelve months
Price Ranking
20th
Highest price per SQFT out of 50 condos in the Hurontario area
Sold Units
3
Units were Sold over the past twelve months
Rented Units
8
Units were Rented over the past twelve months
Best Value Rank
Summit City Centre Townhomes offers the best value out of 50 condos in the Hurontario neighbourhood
?
Appreciation Rank
Summit City Centre Townhomes has the highest ROI out of 50 condos in the Hurontario neighbourhood
?
Rental Yield
Summit City Centre Townhomes yields the highest rent prices out of 50 condos in the Hurontario neighbourhood
?
High Demand
Summit City Centre Townhomes is the most popular building out of 50 condos in the Hurontario neighbourhood
?
Market Insights
Transaction Insights at Summit City Centre Townhomes
| 2 Bed | |
|---|---|
| Price Range | $634,900 - $774,000 |
| Avg. Cost Per Sqft | $583 |
| Price Range | $2,650 - $3,000 |
| Avg. Wait for Unit Availability | 71 Days |
| Avg. Wait for Unit Availability | 40 Days |
| Ratio of Units in Building | 100% |
Market Inventory
Total number of units listed and sold in Hurontario
