2005-3985 Grand Park Drive, Mississauga, ON
City Centre, Mississauga · MLS® W13789534
About this home
In short
- Stunning Luxury Condo for Lease.
- This is the largest and most spacious 2-bedroom unit in Grand Park, featuring breathtaking panoramic views of the city, Lake Ontario, and the CN Tower.
- Direct bus routes to the University of Toronto and close proximity to Hwy 403 & QEW.
- This bright, open-concept home offers an ideal living space and is move-in ready.
Stunning Luxury Condo for Lease! This is the largest and most spacious 2-bedroom unit in Grand Park, featuring breathtaking panoramic views of the city, Lake Ontario, and the CN Tower. Conveniently located within walking distance to Square One, with easy access to the GO Station, parks, restaurants, banks, and schools. Direct bus routes to the University of Toronto and close proximity to Hwy 403 & QEW. This bright, open-concept home offers an ideal living space and is move-in ready!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- W13789534
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Mavis Rd/Burnhamthorpe Rd W
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $815/mo
- Exposure
- South East
- Property tax
- $3,846 / 2025
- Days on market
- 5
- Listing brokerage
- GET HOME REALTY INC.
Rooms
laminate · closet
laminate · combined w/dining · w/o to balcony
laminate · closet
laminate · 4 pc ensuite
laminate · combined w/dining · w/o to balcony
Listed at $655,000. Going by how homes in Fairview and the wider GTA have actually closed against their asking prices (about 98%, 9 local closings in 90 days), the likely sale price is near $640K, if it sells. A realistic range is $602K to $692K.
Independent value check: $533K. Without looking at the asking price, our model values the home itself about 19% below the ask (homes like it typically land between $496K and $560K).
Why $533K. The typical condo sold in Fairview over the past year went for about $490K (538 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $3,846 a year; the typical home sold here pays about $3,100.
- ▲ Raises itIt is 900 to 999 sq ft; the typical home sold here is 700 to 799.
Total price vs nearby homes. Likely closing about $640K, from 9 recent closings in this pocket.
The market behind the math:
About 4 months of inventory: 12 condo apartment homes for sale in the area against 9 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $690/sqft against an area asking average of $695/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $592K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($690/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 9 comparable homes that sold in Fairview over the past two years, from 139 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $676/sqft; this home lists at $690/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
City Centre, Mississauga, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Mississauga.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $524,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,868
- Property tax
- $321
- Condo / maintenance fees
- $815
- Heating
- $0
- Estimated monthly cost
- $4,004
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $9,575
- Estimated closing costs
- $9,575
Plus your down payment of $131,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $172,094
- Principal paid down
- $64,789
- Interest paid
- $107,306
- Balance remaining
- $459,211
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in Fairview signed at a median of $3,025 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,032. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of GET HOME REALTY INC.. MLS®/PropTx.