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            Comparative Market Analysis for MLS# W5083024

            $7,200 Cashback
            2br 2ba 1000-1199sf

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            Learn more about this property:
            MLS# W5083024 Listing Details
            Among all comparable properties sold in condo located at 4185 Shipp Drive in City Centre in Mississauga from Jan 2017 to Jan 2021, after adjusting selling prices according to market conditions at the time of sale, AIDA has calculated that:
            Minimum Price Adjusted was:


            Maximum Price Adjusted was:


            AIDA's ESTIMATE (based on 20 properties)
            AIDA's Comparative Market Analysis is based on comparable properties sales data adjusted according to the monthly fluctuations of the local real estate market, and is equivalent to:


            Which makes the Asking Price ($479,400) more than AIDA's Appraised Value by:


            Or, in percentage equivalent, by:


            • Condo lockers are not taken into account.
            • Upgrades and quality of renovation are not taken into account.


            AIDA found 20 comparable properties sold in condo located at 4185 Shipp Drive in City Centre in Mississauga from Jan 2017 to Jan 2021

            Use the table's first column checkboxes to exclude/include properties into evaluation. The numbers above will automatically get recalculated accordingly.

            Sold onFloorUnit#AddressExpSQFTBed • BathGar SpacesMaintTaxSold PriceTime Adj %Time Adj Price
            2017-01-27***12174185 Shipp DrSe1000-11992+0 • 21.0$747$1,705$318,00049.56%***
            2017-02-06***20194185 Shipp DrSe1000-11992+0 • 21.0$756$1,740$275,00040.66%***
            2017-03-16***15134185 Shipp DrNe1000-11992+0 • 21.0$756$1,801$332,00036.89%***
            2017-03-28***Ph094205 Shipp DrSe1000-11992+0 • 21.0$746$1,897$390,00036.89%***
            2017-04-02***3184185 Shipp DrW1000-11992+0 • 21.0$756$1,739$345,00033.87%***
            2017-04-27***14044205 Shipp DrNe1000-11992+0 • 21.0$772$1,784$380,00033.87%***
            2017-06-20***8194185 Shipp DrSw1000-11992+0 • 21.0$756$1,722$400,00024.22%***
            2017-10-20***20194185 Shipp DrSw1000-11992+0 • 21.0$783$1,740$370,00030.3%***
            2017-11-16***9044205 Shipp DrN1000-11992+1 • 21.0$799$1,776$385,00030.92%***
            2017-11-21***24034205 Shipp DrW1000-11992+0 • 21.0$783$1,805$325,00030.92%***
            2017-11-23***23084205 Shipp DrSe1000-11992+0 • 21.0$783$1,799$340,50030.92%***
            2018-01-17***1044205 Shipp DrNe1000-11992+0 • 21.0$799$1,735$323,50029.81%***
            2018-02-02***14164185 Shipp DrSe1000-11992+0 • 21.0$783$1,718$348,50028.3%***
            2018-02-28***11014205 Shipp DrW1000-11992+0 • 21.0$783$1,756$329,90028.3%***
            2018-07-24***26014205 Shipp DrSw1000-11992+0 • 21.0$799$1,795$370,00019.59%***
            2018-11-08***25014205 Shipp DrW1000-11992+0 • 21.0$799$1,787$361,00020.39%***
            2018-11-20***5044205 Shipp DrNw1000-11992+0 • 21.0$815$1,733$400,00020.39%***
            2019-01-14***3024205 Shipp DrSw1000-11992+0 • 21.0$799$1,725$387,00018.36%***
            2019-01-18***14114185 Shipp DrW1000-11992+0 • 21.0$802$1,721$369,00018.36%***
            2019-03-24***16154185 Shipp DrNe1000-11992+0 • 21.0$799$1,847$355,00013.98%***

            City Centre, Mississauga Sales History More

            City Centre, Mississauga: Overall Sales Statistics for Condos
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            Neighborhood Sales Statistics
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            Neighborhood Rent Statistics
            City Centre, Mississauga: Detailed Sales & Rent Statistics for Condos
            Listing Overview


            1416 4185 Shipp Drive is a condo apt apartment, located in City Centre of city of Mississauga, Peel region, near Hurontario St / Rathburn Rd E, and has been available for sale on ITRealty since 2021-01-13. This unit is located at level 14 of the building and has South-East exposure of Shipp Dr. Condo registry office is PCC, corporation number 341.

            Lot Size and Living Area:

            1416 4185 Shipp Drive has 6+0 rooms in total, including 2+0 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
            Living area of this condo unit is within the range of 1000-1199 square feet.
            1.0 parking space(s) are owned and located surface at level 2 . The locker is ensuite. This condo has an ensuite laundry.

            Heating and Cooling:

            The condo heat source is Gas, the heat type is Forced Air and air-conditioning is Central Air.

            Listing Features:

            This condo is featuring Hospital, Library, Place Of Worship, Public Transit, School, School Bus Route at, or near the property.
            AIDA has also identified the following listing features: Modern/Renovated/Well Maintained.

            Price & Cost Overview


            1416 4185 Shipp Drive condo apt is listed for $479,400. Property tax for year 2020 was $1,725. And the monthly maintenance fee was $823.

            Comparative Market Analysis:

            There are similar 2+0 bedr condo apt recently sold for an average Time Adjusted Selling Price of $454,737.
            Visit a customized Comparative Market Analysis page for more details.

            Mortgage and Other Expenses:

            Your monthly mortgage payments will be $1,799, and total expenses, including the mortgage, property tax and maintenance, fee around $2,011, assuming $479,400 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
            Use our Mortgage and Investment Calculator, customized especially for 1416 4185 Shipp Drive, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

            Buyer Cashback:

            You may be eligible for a Buyer Cashback up to $7,200 if you buy this condo apt with ITRealty.
            Check if you qualify.

            Location Overview


            City Centre, where 4185 Shipp Drive is located, has $535,896 Home Price Index, and $2,231 Home Rent Index. Average household income at dissemination area of 4185 Shipp Drive is $64,768, and average polulation age is 39 years old.
            Average Home Price Index among 24 evaluated neighborhoods in city of Mississauga is $946,520, and average Home Rent Index $2,605.

            Similar Properties & Community Details:

            There are similar to 1416 4185 Shipp Drive 2 bedr condo apt condos listed For Sale and For Rent in city of Mississauga.
            Learn about the prices of Recently Sold Condos and Recently Rented Condos near 4185 Shipp Drive.
            You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at City Centre neighborhood in city of Mississauga.

            1416 4185 Shipp Drive Listings History Powered By AIDA
            City Centre, Mississauga Sales & Rent History Powered by AIDA

            All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

            City of Mississauga Condos MOI (Months of Inventory)
            Last month sales statistics:
            It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (35 days).
            Sellers are not likely to negotiate the price, but it is easier to sell your own property.
            Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
            How often similar homes sell?
            You may expect 49 to 60 properties like that to be sold in City Centre during the next 30 days.
            Seasonal sales fluctuation is showing 11% inventory increase comparing to the average annual number, which is equvalent to 48.92 properties sold per month, and -7% decline comparing to the last six months.
            How soon can it be sold?
            This property has been on the market for 6 days, which is 18 days less than the recent sales average and can be considered as a relatively new listing that can be sold at any time if the price is right.
            Seasonal sales fluctuation is showing 34% D.O.M. increase comparing to the average annual number, which is equvalent to 17 D.O.M., and 9% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
            At what price can it be sold?
            Similar properties currently sell at 1.61% below its asking price in City Centre.
            The selling to asking price ratio is declining in City Centre.
            This property has not been on the market for long enough yet to guess if it can be sold above the asking price, but it can get sold in the nearest future if the price is right.
            Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W5083024 Comparative Market Analysis

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