3425 Ridgeway Drive Unit 10, Mississauga

Price: $635,000

2 bedrooms, 3 bathrooms

900 sqft

Property Type: Condo

MLS#: W12996464

Bright. Rare. Exceptionally located. This like-new 2-bedroom, 3-bathroom townhome stands out with its ground-level terrace, second-floor laundry, private basement storage, and unbeatable proximity to the parking garage, a combination of features rarely offered in one unit. Sun-filled living spaces, a smart functional layout, and modern finishes make this home ideal for professionals, small families, or investors. Situated in the vibrant Ridgeway neighbourhood, you're steps to shopping, restaurants, parks, and major highways (403, 407, QEW).Low-maintenance living with the space and storage you actually need.

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New Listing
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$635,000 - 3425 Ridgeway Drive Unit 10, Mississauga

Condo for Sale in Mississauga

New — Listed 2 days ago
2Beds
3Baths
900Sq Ft
Condo
Property Details
MLS Number
W12996464
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
2
Bathrooms
3
Square Feet
900 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
South
Balcony
Terrace
Listing Brokerage
Royal Lepage Real Estate Associates
Description

Bright. Rare. Exceptionally located. This like-new 2-bedroom, 3-bathroom townhome stands out with its ground-level terrace, second-floor laundry, private basement storage, and unbeatable proximity to the parking garage, a combination of features rarely offered in one unit. Sun-filled living spaces, a smart functional layout, and modern finishes make this home ideal for professionals, small families, or investors. Situated in the vibrant Ridgeway neighbourhood, you're steps to shopping, restaurants, parks, and major highways (403, 407, QEW).Low-maintenance living with the space and storage you actually need.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,257.88/mo

Includes CMHC insurance ($17,717)

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5-yr fixed avg.

Principal: $571,500Interest: $388,147
Mortgage Amount$589,217
Total Interest$388,147
Est. Property Tax$450/mo
Total Cost$977,364

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

3425 Ridgeway Drive Unit 10, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$450
Insurance (est.)-$132
Net Cash Flow+$1,113

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 30+ years of GTA real estate experience

Competitive Pricing

At $706/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.

Efficient Living

At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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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