Towne Two Condos
Established Tridel Tower in Mississauga's City Centre
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1990
327 units - 23 floors
548–2,398 ft²
$395.0K–$500.0K
$729.21–$958.6/mo
Maintenance fee reflect this building's currently active listings, not an official building-wide figure -- individual units may differ. Data provided by MLS® and should be independently verified; no liability is assumed for any errors or omissions.
An Established City Centre Landmark. Completed in 1990 by the renowned developer Tridel, Towne Two Condos is a classic 23-storey residential tower standing at 55 Elm Drive West. Located near the prominent intersection of Elm Drive and Kariya Drive, this community contains 327 suites in the heart of Mississauga's vibrant City Centre.
Spacious and Diverse Suite Layouts. One of the defining characteristics of Towne Two Condos is the generous scale of its floor plans. Individual suites range from approximately 548 square feet to as much as 2,398 square feet, offering some of the largest, most versatile layouts available in the immediate Square One area.
Comprehensive On-Site Amenities. Residents here enjoy access to an extensive selection of recreational and lifestyle spaces. The building is comprehensively equipped with premium amenities, including an indoor pool, a relaxing sauna, dedicated squash courts, an outdoor tennis court, a private library, and an elegant party hall designed for social gatherings.
Convenient, Walkable City Location. Situated just west of the bustling Square One Shopping Centre, Towne Two Condos places residents within comfortable walking distance of prime retail, dining, and cultural landmarks like the Living Arts Centre and Sheridan College. Commuters also benefit from exceptionally close proximity to the central MiWay bus terminal.
Errors & omissions: information here — including specifications, unit sizes, amenities, addresses and neighbourhood details — is provided for general informational purposes only and is subject to change without notice. Buyers and interested parties should verify all details independently with the developer, builder or relevant authorities before making any decisions.
Building Details
Tridel
Pets Allowed With Restrictions
Del Property Management
PCC 386
$/ft²/mo is each unit type's monthly maintenance fee divided by its size, from this building's current listings only.
Prices shown are current asking prices for active For Sale listings of that unit type -- not sold prices, and not every unit type has one on the market right now.
Building Amenities
Compiled from amenities reported in this building's past listings. Not an official building amenities list and may be incomplete or out of date -- confirm directly with the condo corporation or property management.
Who This Building May Suit
Its smaller, more attainable unit sizes make it a practical entry point for first-time buyers. With 6 amenities and 2-bedroom-and-up floor plans, it suits downsizers wanting more space without a house to maintain. Its larger 3-bedroom-and-up units give growing families real room to spread out.
Before you buy, it's worth understanding what a status certificate review covers for this specific building.
City Centre Neighbourhood
Towne Two Condos is located in City Centre, Mississauga.
See what's nearby -- schools, parks, shopping and transit -- in the map below, or explore the City Centre neighbourhood guide.
Nearby Schools
Elementary
- Elm Drive (Elementary)329 m · 4 min walk
Peel DSB — JK-8
- Peel Continuing Ed ILE346 m · 4 min walk
Peel DSB
- Fairview Public School352 m · 4 min walk
Peel DSB — JK-6
- St. Giovanni Scalabrini Catholic School School781 m · 10 min walk
Dufferin-Peel CDSB — JK-8
- École élémentaire Le Flambeau875 m · 11 min walk
CS Viamonde — JK-6
- St Catherine of Siena School875 m · 11 min walk
Dufferin-Peel CDSB — JK-8
Secondary
- Peel Continuing Education Summer School346 m · 4 min walk
Peel DSB
- Brian J Fleming Adult Learning CentreN875 m · 11 min walk
Dufferin-Peel CDSB
Nearby Amenities
Bar
- The Wave Bar & Lounge236 m
Cafe
- Kung Fu Tea214 m
- Starbucks285 m
- Café Nicole307 m
Restaurant
- Madras Peppers204 m
- Udupi Madras Cafe239 m
- Wally's Restaurant284 m
- Turtle Jack’s324 m
Towne Two Condos Market Snapshot
Live snapshot of this building's own listings -- rentals not included
Bedrooms
Towne Two Condos currently has 6 homes for sale, with a median asking price of $444.9K, averaging 64 days on market. Over the last 24 months, 15 units have sold in the building at a median of $483.7K — selling at 97% of asking price.
Towne Two Condos vs City Centre vs Mississauga
| Metric | Towne Two Condos Live snapshot · sold last 24mo | City Centre 2026-09-01 · sold last 24mo | Mississauga Sold last 24mo |
|---|---|---|---|
| Active Listings | 6 | 284 | — |
| Median Asking Price | $444.9K | $504.5K | — |
| Avg. Days on Market | 64 | 54 | — |
| Sold (24mo) | 15 | 1,056 | — |
| Median Sold Price | $483.7K | $514.7K | — |
| Median $/sqft (Sold) | $447 | $658 | — |
| Sale-to-List Ratio | 97% | 97% | — |
| Months of Inventory | 9.6 mo | 6.8 mo | — |
Active Inventory
Active Listings by Unit Type
| Unit Type | Count | Median | Highest | Lowest | Avg. DOM |
|---|---|---|---|---|---|
| 1 Bed + Den | 6 | $444.9K | $500.0K | $395.0K | 64 |
Closed Sales — Last 24 Months
Sold $/Sqft by Quarter
▲ +2.4% over 3 quartersMedian sold price per square foot each quarter, last 24 months. Quarters with too few sales to protect an individual sale price are omitted.
15 sold in the last 24 months · median $483.7K · 97% of asking
Market statistics are aggregate estimates compiled from TRREB (Toronto Regional Real Estate Board) MLS® data via the PropTx IDX/VOW feed. Deemed reliable but not guaranteed accurate, provided for general informational purposes only, and not a substitute for a professional appraisal, inspection, or investment advice. No liability is assumed for any errors or omissions.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.
Frequently Asked Questions
Who is the developer of Towne Two Condos?
Towne Two Condos was built by the renowned developer Tridel and was completed in 1990.
How many suites are in Towne Two Condos?
The 23-storey tower at 55 Elm Drive West features a total of 327 suites.
What is the size range of the floor plans at Towne Two Condos?
Suites at Towne Two Condos range from approximately 548 square feet to some of the area's largest layouts at 2,398 square feet.
What recreational amenities are available to residents at Towne Two?
Residents have access to an indoor pool, a relaxing sauna, squash courts, a tennis court, a private library, and an elegant party hall for social gatherings.
Is Towne Two Condos located near Square One Shopping Centre?
Yes, Towne Two Condos is situated just west of Square One Shopping Centre, placing the popular shopping destination within walking distance.
What transit options and local attractions are within walking distance?
The building is within walking distance of the MiWay bus terminal, the Living Arts Centre, and Sheridan College.
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Miko Nalepa
Realtor® at The Condo Bar Real Estate
With 15+ years in the GTA West market, Miko Nalepa is a Realtor® with Right At Home Realty, Brokerage, specializing in condos, townhouses, and detached homes across Mississauga, Oakville, Burlington, and Milton. The focus stays deliberately narrow -- four cities, not a Toronto-wide practice -- because that's what it takes to know individual buildings and blocks, not just neighbourhood names.
Miko Nalepa is also the creator of The Condo Bar, the data platform behind this site, tracking building-level sales history and live market reports across 450+ GTA West condo buildings so every recommendation starts with what comparable units actually closed for, not asking price.
All building details, amenities, pricing, and listing information on this page are deemed reliable but not guaranteed, and may change without notice. This page is provided for general information purposes only and does not constitute legal, financial, or professional advice. Buyers are responsible for independently verifying all information, including unit availability, pricing, fees, and building specifications, before making any decisions. No liability is assumed for any errors or omissions.