5530 Glen Erin Drive Unit 182, Mississauga

Price: $799,000

3 bedrooms, 4 bathrooms

1,200 sq ft

Property Type: Condo

MLS#: W12587428

Price to Sell! Located in the prestigious Central Erin Mills community, this bright and spacious townhouse features three bedrooms and four bathrooms on a quiet, low-traffic street. The fully finished basement offers excellent versatility, ideal for an office or recreation room, and includes a convenient 2-piece bathroom. Freshly painted throughout, The home backs onto a quiet, green backyard, providing a peaceful and scenic backdrop. The main floor offers a warm and inviting open-concept layout with a combined living and family area, enhanced by hardwood flooring and large windows that bring in abundant natural light. The kitchen is equipped with granite countertops and a stylish backsplash, while the breakfast area provides a walkout to a private deck perfect for relaxing or entertaining. The spacious primary bedroom comfortably fits a king-sized bed and features a walk-in closet, private ensuite, and extra space for a desk or sitting area. The additional bedrooms are generously sized with ample closet space. Surrounded by top-tier schools-John Fraser Secondary School, Aloysius Gonzaga Catholic Secondary School, Middlebury Public School, and Thomas Street Middle School-this home is also just a short drive or bus ride to the University of Toronto Mississauga campus. Ideally located near Erin Mills Town Centre, Credit Valley Hospital, parks, transit, and everyday amenities, this townhouse offers quick access to Highways 403, 401, and the Streetsville GO Station. Situated in a well-managed complex with low maintenance fees. All appliances are included in as-is condition.

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$799,000 - 5530 Glen Erin Drive Unit 182, Mississauga

Condo for Sale in Mississauga

32 days on market
3Beds
4Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12587428
Property Type
Condo
Status
active
Days on Site
32
Bedrooms
3
Bathrooms
4
Square Feet
1,200 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
RE/MAX WEST REALTY INC.
Description

Price to Sell! Located in the prestigious Central Erin Mills community, this bright and spacious townhouse features three bedrooms and four bathrooms on a quiet, low-traffic street. The fully finished basement offers excellent versatility, ideal for an office or recreation room, and includes a convenient 2-piece bathroom. Freshly painted throughout, The home backs onto a quiet, green backyard, providing a peaceful and scenic backdrop. The main floor offers a warm and inviting open-concept layout with a combined living and family area, enhanced by hardwood flooring and large windows that bring in abundant natural light. The kitchen is equipped with granite countertops and a stylish backsplash, while the breakfast area provides a walkout to a private deck perfect for relaxing or entertaining. The spacious primary bedroom comfortably fits a king-sized bed and features a walk-in closet, private ensuite, and extra space for a desk or sitting area. The additional bedrooms are generously sized with ample closet space. Surrounded by top-tier schools-John Fraser Secondary School, Aloysius Gonzaga Catholic Secondary School, Middlebury Public School, and Thomas Street Middle School-this home is also just a short drive or bus ride to the University of Toronto Mississauga campus. Ideally located near Erin Mills Town Centre, Credit Valley Hospital, parks, transit, and everyday amenities, this townhouse offers quick access to Highways 403, 401, and the Streetsville GO Station. Situated in a well-managed complex with low maintenance fees. All appliances are included in as-is condition.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,099.28/mo

Includes CMHC insurance ($22,292)

$
$
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5-yr fixed avg.

Principal: $719,100Interest: $488,393
Mortgage Amount$741,392
Total Interest$488,393
Est. Property Tax$566/mo
Total Cost$1,229,785

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

5530 Glen Erin Drive Unit 182, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,920/mo
Range: $2,482 - $3,358
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,920
Maintenance Fees-$780
Property Tax (est.)-$566
Insurance (est.)-$166
Net Cash Flow+$1,408

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 $666/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 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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