5480 Glen Erin Drive Unit 73, Mississauga

Price: $999,900

3 bedrooms, 4 bathrooms

1,600 sqft

Property Type: Condo

MLS#: W13008418

Welcome to the prestigious Enclave on the Park, a highly sought-after community at 5480-5490 Glen Erin Dr In the heart of Central Erin Mills. Known for Its quiet, serene setting, beautifully landscaped grounds, and true sense of community, this well-managed complex offers a low-maintenance lifestyle ideal for downsizers, families, and professionals a11ke. Residents enjoy exceptional amenities including an outdoor pool, clubhouse, and a private park-11ke setting, with Landscaping, snow removal (including up to the garage door), roof, windows, and most exterior maintenance all taken care of. This beautifully maintained townhome features a functional and spacious layout with 3 generous bedrooms and a convenient second-floor laundry room. A large skylight above the staircase f111g the bone with natural light, while the upper landing and mala living areas feature elegant hardwood flooring. The inviting living room is anchored by a cozy gas fireplace, perfect for relaxing or entertaining. stainless steel appliances. The updated kitchen features quartz countertops, refreshed cabinetry with new doors and handles, and an open-concept design overlooking the dining area-ideal for boating. All windows and sliding doors were replaced approx. 1.5 years ago. The spacious primary bedroom includes a walk-in closet, additional closet space, and a 5-plece ensuite with a brand new standing shower. Two additional bedrooms are well-sized with ample closet space. The finished basement offers a Large recreation room with built-in cabinetry and a second gas fireplace, along with a workshop and additional storage space. Located in one of Mississauga's top school district including John Fraser SS, St. Aloyalus Gonzaga 5S, and Middlebury PS.A rare opportunity to own in a premium community offering comfort, convenience, and lifestyle. Minutes from Erin Mills Town Centre, Credit Valley Hospital, Streetsville GO Station, Highways 403/401/401, parks and trails.

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New Listing
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$999,900 - 5480 Glen Erin Drive Unit 73, Mississauga

Condo for Sale in Mississauga

New — Listed 7 days ago
3Beds
4Baths
1,600Sq Ft
Condo
Property Details
MLS Number
W13008418
Property Type
Condo
Status
active
Days on Site
7
Bedrooms
3
Bathrooms
4
Square Feet
1,600 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
North
Balcony
None
Listing Brokerage
RE/MAX REALTY SPECIALISTS INC.
Description

Welcome to the prestigious Enclave on the Park, a highly sought-after community at 5480-5490 Glen Erin Dr In the heart of Central Erin Mills. Known for Its quiet, serene setting, beautifully landscaped grounds, and true sense of community, this well-managed complex offers a low-maintenance lifestyle ideal for downsizers, families, and professionals a11ke. Residents enjoy exceptional amenities including an outdoor pool, clubhouse, and a private park-11ke setting, with Landscaping, snow removal (including up to the garage door), roof, windows, and most exterior maintenance all taken care of. This beautifully maintained townhome features a functional and spacious layout with 3 generous bedrooms and a convenient second-floor laundry room. A large skylight above the staircase f111g the bone with natural light, while the upper landing and mala living areas feature elegant hardwood flooring. The inviting living room is anchored by a cozy gas fireplace, perfect for relaxing or entertaining. stainless steel appliances. The updated kitchen features quartz countertops, refreshed cabinetry with new doors and handles, and an open-concept design overlooking the dining area-ideal for boating. All windows and sliding doors were replaced approx. 1.5 years ago. The spacious primary bedroom includes a walk-in closet, additional closet space, and a 5-plece ensuite with a brand new standing shower. Two additional bedrooms are well-sized with ample closet space. The finished basement offers a Large recreation room with built-in cabinetry and a second gas fireplace, along with a workshop and additional storage space. Located in one of Mississauga's top school district including John Fraser SS, St. Aloyalus Gonzaga 5S, and Middlebury PS.A rare opportunity to own in a premium community offering comfort, convenience, and lifestyle. Minutes from Erin Mills Town Centre, Credit Valley Hospital, Streetsville GO Station, Highways 403/401/401, parks and trails.

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Estimate your monthly payments for this property

Estimated Payment

$5,130.01/mo

Includes CMHC insurance ($27,897)

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5-yr fixed avg.

Principal: $899,910Interest: $611,194
Mortgage Amount$927,807
Total Interest$611,194
Est. Property Tax$708/mo
Total Cost$1,539,002

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

5480 Glen Erin Drive Unit 73, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,240/mo
Range: $2,754 - $3,726
Cap Rate (ROI)
1.5%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,240
Maintenance Fees-$1,040
Property Tax (est.)-$708
Insurance (est.)-$208
Net Cash Flow+$1,284

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, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $625/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.

Bathroom Count Matters

With 4 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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