$619,900

For sale

#21 3405 Ridgeway Drive, Mississauga (Erin Mills) - Single Family for Sale

#21 3405 Ridgeway Drive, Mississauga (Erin Mills), Ontario, L5L0B9

2 beds3 baths1 parking1,300 ft²$480/mo condo feeListed 12 days ago

Overview

This 2-bedroom, 3-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $619,900, it is attractively priced about 8% below the $675,000 median asking price in Mississauga. It has been on the market 12 days, fresher than the Mississauga average of 46 days.

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Description

Welcome to The Way Urban Towns, nestled in the highly desirable Erin Mills neighbourhood! Built in 2023, this modern stacked townhome presents an excellent opportunity for first-time buyers and savvy investors alike. Step inside to discover a bright, open-concept layout that seamlessly blends style and functionality, creating a welcoming space for both everyday living and relaxation. One of the home's highlights is the private rooftop terrace, offering the perfect outdoor retreat for summer entertaining, evening BBQs, or simply unwinding under the open sky. The upper-level bedroom provides a comfortable and private sanctuary, complete with his-and-hers closets and a convenient 3-piece ensuite. Enjoy the convenience of being just minutes from parks, schools, shopping, and everyday amenities, with easy access to major highways for a seamless commute to Downtown Toronto and destinations throughout Mississauga. Modern design, functional living, and an unbeatable location-an ideal place to call home. (id:66096)

Property Details

MLS®: W14111310
Property Type: Single Family
Zoning: DC
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: $480/mo
Fee Includes: Common Area Maintenance, Parking
Ownership: Condo/Strata
Property Tax: $4,218.16/yr

Rooms

Main level

Kitchen: 3.04 x 2.62 meters
Living room: 5.6 x 3.38 meters
Dining room: 5.6 x 3.38 meters

Second level

Primary Bedroom: 2.83 x 4.29 meters
Bedroom 2: 2.68 x 2.89 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Flooring: Carpeted, Vinyl
Exterior: Brick
Lot Features: Lighting, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Mississauga (Erin Mills) listings, avg age

46d

Price / ft²

$477

List price

$620K

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 2-bed single family in Mississauga (Erin Mills) has been listed for 12 days, which is 34 days fresher than the city average of 46. Act while there is still low competition.

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Listed by RE/MAX REALTY SPECIALISTS INC. · JOHN PROTACIO

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5L)

This home lists at $619,900, about 5.6× the local median household income of $110,000.

Carrying it typically needs a household income of about $121,088 (20% down, 25-yr amortization, stress-tested) — roughly 10% 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)

$619,900· $477/ft²

For sale

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Full Cost Breakdown

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Down Payment5.97% · $36,990

Min 5.97%50%

Mortgage payment$3,232/mo

↳ CMHC premium ($23,316 capitalized)

Property tax (est.)$352/mo

Condo fee$480/mo

Total monthly$4,063

Cash Needed to Close

Down payment (5.97%)$36,990

Land transfer tax$8,873

Est. closing costs$4,360

Total cash needed$50,223

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