$699,900 - 5535 Glen Erin Drive Unit 58, Mississauga
Condo for Sale in Mississauga
36 days on market- MLS Number
- W13111872
- Property Type
- Condo
- Status
- active
- Days on Site
- 36
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
This beautifully updated condo townhome in the highly sought-after Central Erin Mills community offers 3 bedrooms in total, including a third bedroom with a window located in the finished basement - ideal for guests, extended family, or a home office. Situated within the top-ranked school district of John Fraser Secondary School, along with Middlebury Public School and Thomas Street Middle School, this home is perfect for families seeking comfort and convenience. The bright, carpet-free main level features an inviting living room with impressive 12-foot cathedral ceilings and a walkout to the backyard, creating a spacious and airy atmosphere rarely found in townhomes of this size. The modern open-concept kitchen is equipped with stainless steel appliances, a brand-new refrigerator (2023), new quartz countertops, and a new sliding door leading to the balcony. Upstairs, two generously sized bedrooms each feature their own private ensuite bathrooms, offering added privacy and functionality. The finished basement showcases new vinyl flooring, pot lights, built-in cabinetry, and flexible living space with the third bedroom area. Recent upgrades include a new AC (2024), newer furnace (2021), whole-home humidifier (2023), new bathroom vanities (2024), and a brand-new front patio, backyard deck, and steps (2025). Enjoy multiple outdoor spaces including a private backyard and balcony with a natural gas BBQ connection. The property also includes two parking spaces (garage and driveway). Ideally located just minutes from Erin Mills Town Centre, Credit Valley Hospital, Streetsville GO Station, Highways 403/401/407, parks, trails, and everyday amenities including Longo's. Maintenance fees cover roof and exterior maintenance, snow removal, and playground access within the complex, providing convenient low-maintenance living.
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.
5535 Glen Erin Drive Unit 58, 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.
Market Position
At 36 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.