$459,000

For saleJust listed

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#416 3401 Ridgeway Drive, Mississauga (Erin Mills) - Single Family for Sale

#416 3401 Ridgeway Drive, Mississauga (Erin Mills), Ontario, L5L5T3

1 bed1 bath parking

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

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Investment analysis

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$459,000

Mississauga

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$441/mo condo fee

Overview

This 1-bedroom, 1-bathroom condo in Mississauga is for sale offering roughly 250 sq ft of space. Listed at $459,000, it is attractively priced about 32% below the $675,000 median asking price in Mississauga. It has been on the market 3 days, fresher than the Mississauga average of 45 days.

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

Description

This Modern 1 Bedroom Unit Features: Full-Sized Kitchen with Quartz Countertops, Stainless Steel Appliances; Open-Concept Living Area with Lots of Light; 4-Piece Bathroom and Full-Sized Washer/Dryer. Very Well-Managed 4-Storey Building. (id:66096)

Property Details

MLS®: W14136632
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 250 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $441/mo
Fee Includes: Common Area Maintenance, Water, Insurance
Ownership: Condo/Strata
Property Tax: $3,174/yr
Listed: 3 days ago

Rooms

Main level

Dining room: 1.61 x 2.69 meters
Living room: 4.46 x 4.67 meters
Kitchen: 3.99 x 1.51 meters
Primary Bedroom: 4.06 x 2.39 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, Dishwasher, Stove, Oven, Dryer, Microwave
Flooring: Laminate
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Mississauga (Erin Mills) listings, avg age

45d

Price / ft²

$1,840

List price

$459K

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 1-bed single family in Mississauga (Erin Mills) has been listed for 3 days, which is 42 days fresher than the city average of 45. Act while there is still low competition.

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Listed by CENTURY 21 PARKLAND LTD. · ANTONINO GALLETTA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5L)

This home lists at $459,000, about 4.2× the local median household income of $110,000.

Carrying it typically needs a household income of about $89,659 (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)

$459,000· $1,840/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $22,950

Min 5%50%

Mortgage payment$2,418/mo

↳ CMHC premium ($17,442 capitalized)

Property tax (est.)$265/mo

Condo fee$441/mo

Total monthly$3,123

Cash Needed to Close

Down payment (5%)$22,950

Land transfer tax$5,655

Est. closing costs$3,877

Total cash needed$32,482

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