$377,000

For sale

#501 1000 Cedarglen Gate, Mississauga (Erindale) - Single Family for Sale

#501 1000 Cedarglen Gate, Mississauga (Erindale), Ontario, L5C3Z5

2 beds1 bath2 parking1,100 ft²$1,344/mo condo feeListed 12 days ago

Overview

This 2-bedroom, 1-bathroom condo in Mississauga is for sale offering roughly 1,100 sq ft of space. Listed at $377,000, it is attractively priced about 32% below the $554,900 median asking price in Mississauga. It has been on the market 12 days, fresher than the Mississauga average of 48 days.

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Description

Welcome to this bright and spacious two-storey home in the heart of Erindale. Designed to offer the comfort and privacy of a house, this beautifully maintained residence features two generous bedrooms, one bathroom, internet, and two underground parking spaces. The open-concept living and dining areas are filled with natural light and provide plenty of room for everyday living, working from home, and entertaining. The updated eat-in kitchen offers stainless steel appliances, abundant cabinetry, a centre island and direct access to a private covered balcony-the perfect place to enjoy your morning coffee or unwind at the end of the day.A beautifully renovated bathroom makes a striking impression with its contemporary finishes, illuminated mirror, floating toilet and glass-enclosed tub and shower. Additional features include ensuite laundry, excellent interior storage and convenient access to the underground garage. Situated in a well-established community close to Huron Park and Recreation Centre, schools, parks, shopping, public transit, Erindale GO and the University of Toronto Mississauga. A wonderful opportunity for buyers seeking generous living space, a practical multi-level layout and the convenience of two parking spaces. (id:66096)

Property Details

MLS®: W14113242
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 1,100 ft²
Storeys: 2
Basement: Finished, Walk out, N/A
Heating: Electric, Other
Cooling: Wall unit
Garage: Garage, Underground
Condo Fee: $1,344/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,801.77/yr
Listed: 12 days ago

Features

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

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

12d

Mississauga (Erindale) listings, avg age

48d

Price / ft²

$343

List price

$377K

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 (Erindale) has been listed for 12 days, which is 36 days fresher than the city average of 48. Act while there is still low competition.

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Listed by EXP REALTY · LUCILA E PADILLA

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5C)

This home lists at $377,000, about 3.7× the local median household income of $102,000.

Carrying it typically needs a household income of about $73,641 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $102,000
Population: 29,284
Median age: 42.8
Owner / renter: 74% / 26%
Avg. household size: 3

Source: Statistics Canada, 2021 Census (FSA L5C)

$377,000· $343/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $18,850

Min 5%50%

Mortgage payment$1,986/mo

↳ CMHC premium ($14,326 capitalized)

Property tax (est.)$233/mo

Condo fee$1,344/mo

Total monthly$3,563

Cash Needed to Close

Down payment (5%)$18,850

Land transfer tax$4,130

Est. closing costs$3,631

Total cash needed$26,611

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