$689,500

For saleJust listed

#23 2020 South Millway, Mississauga (Erin Mills) - Single Family for Sale

#23 2020 South Millway, Mississauga (Erin Mills), Ontario, L5L1K2

3 beds2 baths2 parking1,300 ft²$568/mo condo feeListed 6 days ago

Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Its $689,500 asking price sits right in line with the $675,000 median in Mississauga. It has been on the market 6 days, fresher than the Mississauga average of 45 days.

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Description

Fantastic 3 bedroom townhome approximately 1250 square feet and backing onto park in the family friendly neighbourhood of Erin Mills. Nestled on a quiet, no traffic noise location ideal for relaxing. Spacious open concept living/dining room area with laminate floors and lots of natural light. Updated kitchen with granite counter tops, mosaic tile backsplash, breakfast area, and walk-out to patio. Convenient covered front entrance, interior entrance to garage, and two piece powder room. Primary bedroom retreat overlooking the park and a large double closet. Finished basement with large recreation room, storage area, and laundry. Backyard oasis with sunny west exposure, privacy fence and lush treed landscaped gardens. Dream garage with epoxy painted garage floor, painted walls, workshop area with bench and work light. Condo fees include High Speed internet. Premium location close to schools, daycare, parks, trails, transit, highways, restaurants, Erin Mills Towne Centre, University of Toronto (UTM), Clarkson Go Station, Credit Valley Hospital, South Common Mall and Community Centre. (id:66096)

Property Details

MLS®: W14127668
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Condo Fee: $568/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,001/yr

Rooms

Main level

Living room: 4.98 x 3.33 meters
Dining room: 3.35 x 2.79 meters
Kitchen: 3.61 x 2.44 meters

Second level

Primary Bedroom: 4.8 x 3.58 meters
Bedroom 2: 3.73 x 2.44 meters
Bedroom 3: 3.73 x 3.58 meters

Lower level

Recreational, Games room: 7.44 x 3.28 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, Whirlpool, Stove, Dryer, Window Coverings, Garage door opener
Flooring: Laminate, Carpeted
Exterior: Brick, Aluminum siding

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Mississauga (Erin Mills) listings, avg age

45d

Price / ft²

$531

List price

$690K

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 6 days, which is 39 days fresher than the city average of 45. Act while there is still low competition.

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Listed by RE/MAX REALTY SPECIALISTS INC. · GARY BETTS

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5L)

This home lists at $689,500, about 6.3× the local median household income of $110,000.

Carrying it typically needs a household income of about $134,683 (20% down, 25-yr amortization, stress-tested) — roughly 22% 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)

$689,500· $531/ft²

For sale

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Full Cost Breakdown

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Down Payment6.37% · $43,950

Min 6.37%50%

Mortgage payment$3,579/mo

↳ CMHC premium ($25,822 capitalized)

Property tax (est.)$333/mo

Condo fee$568/mo

Total monthly$4,480

Cash Needed to Close

Down payment (6.37%)$43,950

Land transfer tax$10,265

Est. closing costs$4,569

Total cash needed$58,784

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