2766 Folkway Drive Unit 67, Mississauga

Price: $869,000

4 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: W12894694

Welcome to this beautifully renovated, meticulously maintained 3-bedroom townhome nestled in the heart of Erin Mills, Mississauga. Designed with modern living in mind, this home offers a perfect blend of style, comfort, and functionality. Step into a bright, open-concept main floor featuring crown molding and sleek pot lights. The kitchen is a true showstopper with a large kitchen island offering seating, quartz countertops, and custom cabinetry that provides ample storage and elegance. Upstairs, youll find three generously sized bedrooms, perfect for families or professionals seeking extra space. The finished basement offers additional living or recreational space ideal for a home office, media room, or gym. The exterior is just as impressive as the interior, with professionally landscaped front and back yards. Located in a family-friendly neighborhood close to top-rated schools, parks, shopping, and major highways, this townhome combines upscale living with unbeatable convenience. Don't miss your opportunity to own this stunning, move-in-ready home in one of Mississaugas most desirable communities

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$869,000 - 2766 Folkway Drive Unit 67, Mississauga

Condo for Sale in Mississauga

4Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12894694
Property Type
Condo
Status
active
Days on Site
18
Bedrooms
4
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
RE/MAX REALTY SPECIALISTS INC.
Description

Welcome to this beautifully renovated, meticulously maintained 3-bedroom townhome nestled in the heart of Erin Mills, Mississauga. Designed with modern living in mind, this home offers a perfect blend of style, comfort, and functionality. Step into a bright, open-concept main floor featuring crown molding and sleek pot lights. The kitchen is a true showstopper with a large kitchen island offering seating, quartz countertops, and custom cabinetry that provides ample storage and elegance. Upstairs, youll find three generously sized bedrooms, perfect for families or professionals seeking extra space. The finished basement offers additional living or recreational space ideal for a home office, media room, or gym. The exterior is just as impressive as the interior, with professionally landscaped front and back yards. Located in a family-friendly neighborhood close to top-rated schools, parks, shopping, and major highways, this townhome combines upscale living with unbeatable convenience. Don't miss your opportunity to own this stunning, move-in-ready home in one of Mississaugas most desirable communities

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,458.42/mo

Includes CMHC insurance ($24,245)

$
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5%10%50%

5-yr fixed avg.

Principal: $782,100Interest: $531,181
Mortgage Amount$806,345
Total Interest$531,181
Est. Property Tax$616/mo
Total Cost$1,337,526

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.

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Neighbourhood Guide: Mississauga

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

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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.

70
Walk Score
Varies
Price Range

2766 Folkway Drive Unit 67, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,320/mo
Range: $2,822 - $3,818
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,320
Maintenance Fees-$780
Property Tax (est.)-$616
Insurance (est.)-$181
Net Cash Flow+$1,743

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 Battaglia - Top Real Estate Agent in Mississauga, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $724/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.

Market Position

At 18 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.

Bathroom Count Matters

With 3 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.

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