$699,900 - 5205 Glen Erin Drive Unit 26A, Mississauga
Condo for Sale in Mississauga
New — Listed 3 days ago- MLS Number
- W13414848
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- RE/MAX REALTY SERVICES INC.
RARE FINISHED WALKOUT BASEMENT & STEPS TO TOP-RATED JOHN FRASER SECONDARY! Location truly doesn't get better than this. Welcome to this beautifully updated 3-bedroom, 2- washrooms with a finished basement (potential for a 3rd full washroom; quote available ) condo townhouse in the heart of the highly sought-after Erin Mills community. This home offers the rare and highly coveted feature of a finished walkout basement, providing a bright, extended living space with direct access to the backyard-perfect for entertaining or a private family retreat. Perfectly situated just steps away from the prestigious John Fraser Secondary School area, known for being one of the top-ranked school districts in Mississauga and Ontario. This is a fantastic opportunity for families looking to invest in both a premium lifestyle and a prime neighborhood. Move-in ready and freshly painted throughout! The main level features beautifully refurbished hardwood in the living and dining areas, while brand-new hardwood runs through the upper and basement levels. The kitchen has been stylishly refreshed with updated cabinet doors, new sink/faucet, and upgraded grout in the flooring and backsplash for a clean, contemporary look. True pride of ownership is evident in the major system upgrades, including the Furnace, A/C, Water Heater, and Water Softener. The home also features upgraded high-end exhaust and ventilation systems for maximum comfort. Enjoy low maintenance fees in a well-managed complex featuring a children's playground and outdoor pool. Unbeatable location just minutes to Erin Mills Town Centre, Credit Valley Hospital, community center, library, and parks. Commuting is effortless with quick access to MiWay, GO Transit, and Highways 403, 401, and 407.A stylish, upgraded, and rare-find home in a family-friendly neighborhood!-- *****Quote available for adding a full washroom in the walkout basement***
Estimate your monthly payments for this property
Estimated Payment
$3,590.85/mo
Includes CMHC insurance ($19,527)
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.
5205 Glen Erin Drive Unit 26A, 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 $583/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 $2,916 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.