$3,500/mo - 3162 Folkway Drive Unit Upper Level, Mississauga
Detached for Rent in Mississauga
90 days on market- MLS Number
- W12895142
- Property Type
- Detached
- Status
- active
- Days on Site
- 90
- Bedrooms
- 4
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rare Backyard Retreat With A 15-Ft Heated Swim Spa In The Heart Of Erin Mills! Welcome To This Beautifully Maintained Detached 5-Level Sidesplit On A Premium 64 x 126 Ft Lot Nestled On A Quiet, Family-Friendly Street. Lease Includes The Main And Upper Floors , Offering Bright, Spacious Living Areas Perfect For Comfortable Family Living. The Main Level Features A Large Open-Concept Living And Dining Area With Hardwood Floors And Expansive Windows That Fill The Home With Natural Light. Updated Kitchen With Stainless Steel Appliances, Ample Cabinetry, And Generous Counter Space, Ideal For Everyday Use And Entertaining. Just Steps Away, The Sunken Family Room With Walk-Out To The Backyard Deck Creates A Warm And Inviting Space To Relax Or Host Guests.The Upper Level Offers Spacious Bedrooms With Custom Closets Throughout, Including A Primary Bedroom With Walk-In Closet And Ensuite Bath. A Skylight On The Upper Level Brings In Additional Natural Light, Enhancing The Bright And Airy Feel Of The Home. One Of The 4 Bedrooms Has Been Converted Into A Home Office And Can Easily Be Converted Back Into A Full Bedroom.Step Outside To An Exceptional Backyard Oasis Featuring A Large 3-Level Wrap-Around Deck, Outdoor Fireplace, Elegant Brick Interlocking, And A Rare 15-Ft Heated Swim Spa/Hot Tub, Creating A Private Resort-Style Setting. Located In Sought-After Erin Mills, Close To Top-Rated Schools Including Erin Mills Middle School, The Woodlands Secondary School, And St. Aloysius Gonzaga Secondary School. Minutes To Erin Mills Town Centre, South Common Mall, Parks, Grocery Stores, Restaurants, And Major Shopping Plazas. Convenient Access To Highways 403, 407, QEW, Short Drive to Credit Valley Hospital, Erindale & Clarkson GO Stations, And MiWay Transit.Tenants to pay for all Utilities( 70%) and get Tenant Insurance( SPA for the Tenants Use only). Glass Railing to be put around the deck before leasing the Property. Basement to be leased separately in due course of time
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.
3162 Folkway Drive Unit Upper Level, Mississauga
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $3,500/mo, this is priced below the typical 4-bedroom rent of ~$4,200/mo in Mississauga. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Negotiation Opportunity
At 90 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.
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.