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Gemma Condo

15 Watergarden Dr, Mississauga, Ontario

$859000

Listing TypeCondominium

Square Footage1000 Sq. Ft.

Beds2 Bed+Den

Baths2

ExposureTBD

Floor RangeTBD

Showing AllowedYes

Master planned living in Pinnacle Uptown

Gemma is part of Pinnacle Uptown at Hurontario and Eglinton, a master planned community with multiple towers, townhomes, parkland and nearby retail. You are close to Hurontario transit and the future Hazel McCallion LRT, a short drive to Square One and major highways, with groceries, coffee, pharmacy and fitness nearby. That combination supports long term livability, tenant interest and resale demand as the area matures.

True 2 bedroom plus den with family sized footprint

  • Approx. 1,000 sq ft, 2 bedrooms plus den, 2 bathrooms
  • Larger than many newer 2 bedroom plans in the mid 700s
  • Real den that functions as a home office, kids’ zone or guest room
  • Layout works for couples needing two work from home spaces, sharers or a small family
  • Two full bathrooms improve day to day usability and tenant appeal
  • One underground parking space included, a key value driver in Mississauga
  • No balcony, so all square footage is interior and fully usable

Amenities that help the building stand out

  • Fully equipped exercise and yoga room
  • Party room with private dining plus games and billiards room
  • Outdoor terrace with dining, seating and BBQs
  • Kids’ play area and pet wash station
  • Sauna and 24 hour concierge
  • Amenity mix that competes strongly with other Hurontario and City Centre towers and supports longer tenant stays

Assignment structure with built in caps

Gemma launched with a 15 percent deposit to occupancy, capped development levies and the right to lease during occupancy, all subject to builder conditions. As an assignee, you step into that contract. Your total cash to assume will include the deposit already paid on this 2 plus den, any builder assignment fee and any agreed seller profit or credit. Maintenance fees in the mid zero point sixty dollars per square foot range give a clear starting point to model monthly carrying costs on a 1,000 square foot suite and underwrite the assignment with real numbers.

Financials

Listing Price$859000

Original Price$1047900

Occupancy

Parking & Locker

Parking1

LockerNo

Original Agreement of Purchase & Sale

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