$619,000

$625,000For salePrice drop↓ $6,000 (1%)

#4 3556 Colonial Drive, Mississauga (Erin Mills) - Single Family for Sale

#4 3556 Colonial Drive, Mississauga (Erin Mills), Ontario, L5L5T3

2 beds3 baths1 parking1,300 ft²$457/mo condo feeListed 28 days ago

Overview

This 2-bedroom, 3-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $619,000, it is attractively priced about 8% below the $675,000 median asking price in Mississauga. It has been on the market 28 days, fresher than the Mississauga average of 45 days.

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Description

Only 3 years old and highly upgraded stunning townhouse features a modern and functional open-concept layout with large windows providing abundant natural light. Freshly Painted. Most popular Skyway model. The main floor boasts wide plank engineered laminate flooring, while the upgraded kitchen is equipped with quartz countertops, a ceramic tile backsplash, and stainless steel appliances. Upstairs, the spacious master bedroom includes a 4-piece ensuite, with a second full bathroom and laundry on the second floor. Enjoy the added luxury of a private rooftop terrace, perfect for entertaining or relaxing outdoors. Located steps from shopping, eateries, Costco, Walmart, U of T, Credit Valley Hospital, and public transit. Easy access to highways and the new Ridgeway Plaza. (id:66096)

Property Details

MLS®: W13870074
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
Storeys: 2
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $457/mo
Fee Includes: Insurance, Parking
Ownership: Condo/Strata
Property Tax: $4,207.82/yr
Listed

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Microwave
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Mississauga (Erin Mills) listings, avg age

45d

Price / ft²

$476

List price

$619K

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 28 days, which is 17 days fresher than the city average of 45. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · ANNURAG CHAWLA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5L)

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

Carrying it typically needs a household income of about $120,912 (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)

$619,000· $476/ft²

For sale

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Full Cost Breakdown

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Down Payment5.96% · $36,900

Min 5.96%50%

Mortgage payment$3,227/mo

↳ CMHC premium ($23,284 capitalized)

Property tax (est.)$351/mo

Condo fee$457/mo

Total monthly$4,035

Cash Needed to Close

Down payment (5.96%)$36,900

Land transfer tax$8,855

Est. closing costs$4,357

Total cash needed$50,112

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