Condominium · City Centre, Mississauga
Towne Two Condos55 Elm Drive W, Mississauga, ON L5B 3Z3
Established Tridel Tower in Mississauga's City Centre
As of October 2026, Towne Two Condos has 3 units for sale from $470K to $500K (median $479.9K) and 1 for rent at $2,400 a month. Maintenance fees run $787 to $959 a month, and these listings have been on the market for an average of 100 days.
- Year Built
- 1990
- Units
- 327
- Floors
- 23
- Suite Sizes
- 548–2,398 ft²
- Asking Now
- $470K–$500K
- Maintenance
- $787–$959/mo
3 units for sale at 55 Elm Drive W, plus 1 for rent
About Towne Two Condos
The building has 327 suites from 548 to 2,398 sq ft. Amenities include an indoor pool, a tennis court, a sauna, and a party room. Pets are allowed with restrictions.
A 1990 Tridel Tower. Towne Two is a 23-storey condo at 55 Elm Drive West, near Elm Drive and Kariya Drive in Mississauga's City Centre. Tridel completed it in 1990. The tower has 327 suites.
Big Floor Plans. Suites at Towne Two range from about 548 to 2,398 square feet. The largest units are house-sized, which is rare near Square One.
Amenities. Residents have an indoor pool and a sauna. For sport, there are squash courts and an outdoor tennis court. A private library and a party hall add quiet and social space.
Location. Towne Two sits west of Square One, within walking distance of the mall, the Living Arts Centre and Sheridan's downtown campus. Buses leave from the nearby terminal, and light rail runs right beside Elm Drive.
Before You Buy. A tower from 1990 has been through several repair cycles. Ask Towne Two's management for the reserve fund study and what's been updated lately.
Nearby and Market. Edge Tower 1 and One City Centre are neighbours. Price trends for Towne Two and its neighbours are in the City Centre report. Large suites like these draw downsizers who want to stay downtown.
Unit Types in This Building
| Unit Type | Asking Now | Size | Maint. /ft²/mo |
|---|---|---|---|
| 1 Bed | None listed | — | — |
| 1 Bed + Den | $470K–$500K | 850–1,100 ft² | $0.78–$0.93 |
| 2 Bed | None listed | — | — |
| 2 Bed + Den | None listed | — | — |
| 3 Bed | None listed | — | — |
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.
$/ft²/mo is each unit type's monthly maintenance fee divided by its size, from this building's current listings only.
Building Amenities
- Indoor Pool
- Sauna
- Squash Court
- Tennis Court
- Library
- Party Room
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.
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.
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.
Explore the City Centre neighbourhood guideWhat’s Nearby
Nearby Schools
Elementary
- Elm Drive (Elementary)329 m · 4 min walk
Peel DSB — JK-8
- 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
- St Margaret of Scotland School875 m · 11 min walk
Dufferin-Peel CDSB — JK-8
School details come from the Ontario Ministry of Education and the school boards, and may change. Boundaries, programs and grades are set by each board and can change from year to year, so confirm with the board before you buy.
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 3 homes for sale, with a median asking price of $479.9K, averaging 100 days on market. Over the last 24 months, 16 units have sold in the building at a median of $465.9K — selling at 97% of asking price.
Towne Two Condos by the numbers
vs City Centre and Mississauga
At Towne Two Condos, the median asking price for condo apartments is $479.9K, lower than City Centre ($500K) and Mississauga ($525K).
At Towne Two Condos, condo apartments that sold over the last 24 months went for a median of $443 per square foot, lower than City Centre ($653) and Mississauga ($614).
At Towne Two Condos, sales over the last 24 months closed at 97% of the asking price, about the same as City Centre (97%) and Mississauga (97%).
At Towne Two Condos, listings have been on the market for an average of 100 days, longer than City Centre (49) and Mississauga (55).
At Towne Two Condos, there are 4.5 months of inventory at the recent sales pace, fewer than City Centre (6.8) and Mississauga (6.4).
| Metric | Towne Two Condos Live snapshot · sold last 24mo | City Centre 2026-10-01 · sold last 24mo | Mississauga 2026-10-01 · sold last 24mo |
|---|---|---|---|
| Active Listings | 3 | 282 | 761 |
| Median Asking Price | $479.9K | $500K | $525K |
| Avg. Days on Market | 100 | 49 | 55 |
| Sold (24mo) | 16 | 1,050 | 2,740 |
| Median Sold Price | $465.9K | $510K | $520K |
| Median $/sqft (Sold) | $443 | $653 | $614 |
| Sale-to-List Ratio | 97% | 97% | 97% |
| Months of Inventory | 4.5 mo | 6.8 mo | 6.4 mo |
Active Inventory
Active Listings by Unit Type
| Unit Type | Count | Median | Highest | Lowest | Avg. DOM |
|---|---|---|---|---|---|
| 1 Bed + Den | 3 | $479.9K | $500K | $470K | 100 |
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.
Aggregate estimates from TRREB MLS® data (PropTx feed). Deemed reliable but not guaranteed, and not an appraisal. Full terms.
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.
Similar & Nearby Buildings
Other buildings in this pocket of City Centre with units on the market right now.
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Maintenance Fees: $588–$817/mo · Suite Sizes: 500–1,599 ft²
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Maintenance Fees: $639–$898/mo · Suite Sizes: 620–1,786 ft²
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Edge Condos Tower 1
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For Sale: $475k - $659k · Median $550k
Maintenance Fees: $458–$630/mo
For Rent: $2,240 - $2,450/mo · Median $2,299/mo
Building Features: 293 units · 35 floors · Built 2022
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Miko Nalepa
Realtor® at The Condo Bar Real Estate · RECO #4737024
Realtor® with Right At Home Realty, Brokerage, covering condos and townhouses in Mississauga, Oakville, Burlington and Milton. More about Miko Nalepa
Building details are approximate and may change. Confirm fees, sizes and availability with the condo corporation before you buy.