$599,900

For sale

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#1 3421 Ridgeway Drive, Mississauga (Erin Mills) - Single Family for Sale

#1 3421 Ridgeway Drive, Mississauga (Erin Mills), Ontario, L5L0B9

2 beds3 baths1 parking ft²

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Investment analysis

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$599,900

Mississauga

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Overview

This 2-bedroom, 3-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $599,900, it is attractively priced about 11% below the $675,000 median asking price in Mississauga. It has been on the market 27 days, fresher than the Mississauga average of 46 days.

Condos for Sale in Mississauga →All real estate in Mississauga →

Description

Price to sell, Corner 2 bedroom stacked condo townhouse in desirable Erin Mills location inMississauga with modern glass Rooftop terrace, BBQ gas connections on the rooftop, Beautifullyupgraded, 9' ceiling, stainless steel appliances, 4 pc ensuite in the Principal room. Verynice complex with professionally designed landscape, play ground & lighting to provideincreased visibility & great neighbourhood ambiance !!! This location offers suburban livingwith big city vibes with Erin Mills Town Centre shopping mall, Community Centre, schools,parks, Hwy# 401, 403 & 407 close by. (id:66096)

Property Details

MLS®: W13878366
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $336/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,326.54/yr
Listed: 27 days ago

Market Timing

Days on market

27d

Mississauga (Erin Mills) listings, avg age

46d

Price / ft²

$462

List price

$600K

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (L5L)

This home lists at $599,900, about 5.5× the local median household income of $110,000.

Carrying it typically needs a household income of about $117,181 (20% down, 25-yr amortization, stress-tested) — roughly 7% above the area median.

Median household income: $110,000
Population: 43,585
Median age: 44
Owner / renter: 79% / 21%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L5L)

$599,900· $462/ft²

For sale

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Full Cost Breakdown

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Down Payment5.83% · $34,990

Min 5.83%50%

Mortgage payment$3,132/mo

↳ CMHC premium ($22,596 capitalized)

Property tax (est.)$194/mo

Condo fee$336/mo

Total monthly$3,662

Cash Needed to Close

Down payment (5.83%)$34,990

Land transfer tax$8,473

Est. closing costs$4,300

Total cash needed$47,763

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#1 3421 Ridgeway Drive, Mississauga (Erin Mills) - Single Family for Sale

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