$830,000 - 2766 Folkway Drive Unit 34, Mississauga
Condo for Sale in Mississauga
New — Listed 3 days ago- MLS Number
- W13424804
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- North South
- Balcony
- None
- Listing Brokerage
- Royal Lepage Real Estate Associates
This charming 3 bedroom townhome offers the perfect blend of comfort, privacy, and convenience. Backing onto treed greenspace, Pheasant Run Park and nestled within a well managed complex, this home provides an exceptional opportunity for families, first-time buyers, and downsizers alike. The traditional floor plan is thoughtfully designed for everyday living and entertaining. The main level features bright principal rooms, a 2 pc. bath and a walkout to the beautiful backyard, creating a seamless connection between indoor and outdoor living. Whether you're hosting family gatherings or enjoying a quiet morning coffee, the private outdoor space offers a serene retreat with beautiful views of the forest. Upstairs, three good sized bedrooms provide comfortable accommodations for the whole family. The primary bedroom serves as a relaxing sanctuary and features a beautifully renovated semi-ensuite bath with stylish finishes and modern touches. Ample closet space and large windows enhance the comfort and functionality of the upper level. Located in one of Mississauga's most sought after communities, Erin Mills offers an outstanding lifestyle with excellent schools, parks, walking trails, community centres, and recreational facilities nearby. Residents enjoy convenient access to Erin Mills Town Centre, Credit Valley Hospital, public transit, major highways, and an abundance of shopping, dining, and everyday amenities. With nature, convenience, and family friendly living all at your doorstep, this is a wonderful place to call home. HWT Heater Rental'26, Stove '26, Air Conditioner'25, Backyard Deck'21, rough-in bathroom in basement.
Estimate your monthly payments for this property
Estimated Payment
$4,258.33/mo
Includes CMHC insurance ($23,157)
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.
2766 Folkway Drive Unit 34, 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
Competitive Pricing
At $692/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,458 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.