$499,999

For sale

#12 2035 South Millway Drive, Mississauga (Erin Mills) - Single Family for Sale

#12 2035 South Millway Drive, Mississauga (Erin Mills), Ontario, L5L1R7

3 beds2 baths1 parking650 ft²$517/mo condo feeListed 13 days ago

Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 650 sq ft of space. Listed at $499,999, it is attractively priced about 26% below the $675,000 median asking price in Mississauga. It has been on the market 13 days, fresher than the Mississauga average of 45 days.

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Description

Bright, clean, and spacious unit featuring an open-concept living and dining area that overlooks a cozy garden. It's perfect for barbecues and entertaining. The main floor includes a powder room and a pantry off the kitchen. The family-sized kitchen offers plenty of storage space. This unit is unique, as it has three energy-efficient wall-mounted AC/Heat Pump units for both heating and air conditioning, which helps save on hydro costs; baseboard heaters are also kept as a backup. Located in a quiet complex, it is conveniently close to schools, parks, public transportation, and shopping. (id:66096)

Property Details

MLS®: W14106264
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 1
Interior Size: 650 ft²
Basement: Finished, N/A
Heating: Heat Pump, Other
Garage: No Garage
Condo Fee: $517/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,785/yr
Listed: 13 days ago

Rooms

Main level

Kitchen: 2.92 x 3.27 meters
Living room: 8.35 x 3.02 meters
Dining room
Bathroom

Lower level

Primary Bedroom: 4.87 x 3.56 meters
Bedroom 2: 3.35 x 3.02 meters
Bedroom 3: 3.63 x 2.71 meters
Laundry room
Bathroom

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer, Window Coverings, Water Heater
Flooring: Laminate, Carpeted, Ceramic
Exterior: Wood, Brick
Lot Features: Wooded area, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

13d

Mississauga (Erin Mills) listings, avg age

45d

Price / ft²

$770

List price

$500K

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.

Haho

This 3-bed single family in Mississauga (Erin Mills) has been listed for 13 days, which is 32 days fresher than the city average of 45. Act while there is still low competition.

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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD. · JOHN OZOLINS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5L)

This home lists at $499,999, about 4.5× the local median household income of $110,000.

Carrying it typically needs a household income of about $97,667 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$499,999· $770/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,999.95

Min 5%50%

Mortgage payment$2,633/mo

↳ CMHC premium ($19,000 capitalized)

Property tax (est.)$232/mo

Condo fee$517/mo

Total monthly$3,383

Cash Needed to Close

Down payment (5%)$25,000

Land transfer tax$6,475

Est. closing costs$4,000

Total cash needed$35,475

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