$610,000

For sale

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#23 3409 Ridgeway Drive, Mississauga (Erin Mills) - Single Family for Sale

#23 3409 Ridgeway Drive, Mississauga (Erin Mills), Ontario, L5L0B9

2 beds3 baths1 parking ft²

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Investment analysis

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$610,000

Mississauga

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Overview

This 2-bedroom, 3-bathroom condo in Mississauga is for sale offering roughly 950 sq ft of space. Listed at $610,000, it is attractively priced about 10% below the $675,000 median asking price in Mississauga. It has been on the market 17 days, fresher than the Mississauga average of 46 days.

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

Description

Beautiful 2-bedroom, 3-bathroom condo townhouse featuring 9-ft ceilings on the main level and a bright, open-concept layout. Modern kitchen boasts stainless steel appliances and quartz countertops, with quartz finishes throughout. Enjoy a spacious walk-out patio, perfect for relaxing or entertaining. The primary bedroom offers a closet and a 4-piece ensuite, while convenient second-floor laundry adds everyday functionality. No carpets throughout. Includes 1 parking space and 1 locker, ideally located close to Walmart, Costco, parks, and major highways. (id:66096)

Property Details

MLS®: W14092080
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $381/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,046/yr
Listed: 17 days ago

Market Timing

Days on market

17d

Mississauga (Erin Mills) listings, avg age

46d

Price / ft²

$642

List price

$610K

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 $610,000, about 5.5× the local median household income of $110,000.

Carrying it typically needs a household income of about $119,154 (20% down, 25-yr amortization, stress-tested) — roughly 8% 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)

$610,000· $642/ft²

For sale

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Full Cost Breakdown

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Down Payment5.90% · $36,000

Min 5.90%50%

Mortgage payment$3,182/mo

↳ CMHC premium ($22,960 capitalized)

Property tax (est.)$337/mo

Condo fee$381/mo

Total monthly$3,901

Cash Needed to Close

Down payment (5.90%)$36,000

Land transfer tax$8,675

Est. closing costs$4,330

Total cash needed$49,005

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

#23 3409 Ridgeway Drive, Mississauga (Erin Mills) - Single Family for Sale

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