$1,699,000 - 2361 Folkway Drive, Mississauga
Detached for Sale in Mississauga
110 days on market- MLS Number
- W12824350
- Property Type
- Detached
- Status
- active
- Days on Site
- 110
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- SUTTON GROUP OLD MILL REALTY INC.
Welcome To This Gorgeous And Exceptional 4+2 Bdrm, 4 Bath Family Home Nestled In Erin Mills's Most Coveted & Prestigious Sawmill Valley.This Elegant, Transitional Masterpiece Features Superb Finishes Boasting Over 3,500 Sq. Ft. Of Total Meticulously Designed Living Space Where Modern Contemporary Sophistication Is Blended With Style & Comfort. The Extensive Upgrades And Renovations Inside And Out Reflect Pride Of Ownership And Timeless Design, Making This Move-In-Ready Home An Exceptional Offering. Upon Entering You'll Be Greeted By Large Foye & Expansive Main Floor Featuring Open-Concept Layout Creating Effortless Flow Between The Spaces, Enhanced With Oversized Windows Welcoming Natural Light&Creating Sun-Drenched Rooms Throughout. This Open-Concept Layout Is Ideal For Those Who Love Entertaining! The Luxury Custom Kitchen Offers Large Island With Breakfast Bar, Sleek Quartz Countertops & Built-In High End Appliances, Flowing Into Cozy Family Room With Wall-To-Wall Custom Cabinetry & Fireplace, Which Seamlessly Connects Indoor And Outdoor Living. Step Outside To Gorgeous Back Yard Featuring Large Patio, A Pool And Manicured Perennial Garden, Invites You To Indulge In Leisurely Afternoons With Family & Friends To Enjoy. Upstairs, Four Bright Generous Sized Bedrooms And Two Fabulous Bathrooms Offer Comfort&Flexibility Including Extraordinary Large Primary Retreat Complete With Walk-In Closet& Lavish 4 Pc Ensuite With Extra Large Shower, The Upper Level Create Privacy For The Whole Family.The Versatile Lower Level Highlights Include A Generous Great Room & Large Bedroom, Full Bathroom, Home Gym And Tons Of Storage Space, Ideal For Recreation, Work, Fitness And Offering Flexibility For Growing Or Multigenerational Families.This Exceptional,One-Of-A-Kind Home Has Countless Luxurious Features With The Utmost Attention To Detail That Set It Apart From The Rest. Ideally Located At Unbeatable Location Just Short Distance From Top-Rated Schools,Shopping&Major Highways.
Estimate your monthly payments for this property
Estimated Payment
$7,515.25/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Mississauga
Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Mississauga
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
2361 Folkway Drive, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $850/sqft, this property is priced in line with current Mississauga market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 110 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.