3420 South Millway Way Unit 22, Mississauga

Price: $830,000

3 bedrooms, 3 bathrooms

1,400 sq ft

Property Type: Condo

MLS#: W12430226

Charming Townhouse in "The Enclave" complex. This bright and airy townhouse boasts modern upgrades and a prime location .The kitchen features granite countertops and stainless steel appliances, while the dining room opens to a private patio perfect for outdoor relaxation. Enjoy hardwood floors in the living and dining areas, adding warmth and elegance. The spacious primary bedroom includes an updated 3-piece ensuite with a large glass shower, granite countertops, and his & hers closets.Convenience is key with direct garage access and ample storage throughout. Ideally situated near shopping, transit, parks, library,highway 403 and a hospital, this home offers both comfort and accessibility.Dont miss this opportunity schedule a viewing today!

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$830,000 - 3420 South Millway Way Unit 22, Mississauga

Condo for Sale in Mississauga

32 days on market
3Beds
3Baths
1,400Sq Ft
Condo
Property Details
MLS Number
W12430226
Property Type
Condo
Status
active
Days on Site
32
Bedrooms
3
Bathrooms
3
Square Feet
1,400 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

Charming Townhouse in "The Enclave" complex. This bright and airy townhouse boasts modern upgrades and a prime location .The kitchen features granite countertops and stainless steel appliances, while the dining room opens to a private patio perfect for outdoor relaxation. Enjoy hardwood floors in the living and dining areas, adding warmth and elegance. The spacious primary bedroom includes an updated 3-piece ensuite with a large glass shower, granite countertops, and his & hers closets.Convenience is key with direct garage access and ample storage throughout. Ideally situated near shopping, transit, parks, library,highway 403 and a hospital, this home offers both comfort and accessibility.Dont miss this opportunity schedule a viewing today!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,258.33/mo

Includes CMHC insurance ($23,157)

$
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5-yr fixed avg.

Principal: $747,000Interest: $507,342
Mortgage Amount$770,157
Total Interest$507,342
Est. Property Tax$588/mo
Total Cost$1,277,499

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

3420 South Millway Way Unit 22, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
2.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$910
Property Tax (est.)-$588
Insurance (est.)-$173
Net Cash Flow+$1,409

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 $593/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 32 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.

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.

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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