$484,000 - 1055 A Forestwood Drive Unit 115, Mississauga
Condo for Sale in Mississauga
42 days on marketNeighbourhood: Erindale
- MLS Number
- W13177828
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 4
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- THE CANADIAN HOME REALTY INC.
Attention First-Time Buyers & Smart Investors! SELLER IS NEGOTIABLE. Why rent when you can own this beautifully maintained and spacious 3+1 bedroom stacked townhouse in the heart of Mississauga's sought-after Erindale community! This rare 3 STOREY WITH FINISHED BASEMENT corner unit offers incredible value with over 1200 sq ft of functional living space, an open-concept layout, and a finished lower level perfect for a 4th bedroom, home office, or rec room. Bright and inviting throughout, this home features updated light fixtures, large windows, ensuite laundry, a spacious primary bedroom, and a walk-out to a private patio area ideal for relaxing or entertaining. The functional kitchen offers ceramic flooring, backsplash, and ample storage, while the generous layout makes this property ideal for families, young professionals, or tenants alike. Conveniently located close to schools, shopping, transit, parks, UTM, major highways (403/QEW/401), and everyday amenities. Maintenance fees include heat, water, parking, building insurance, and common elements for added value and peace of mind. An incredible opportunity to enter the market or add a strong rental property to your portfolio at an attractive price point. Don't miss this one!
Estimate your monthly payments for this property
Estimated Payment
$2,483.17/mo
Includes CMHC insurance ($13,504)
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.
Nature and University Town Living
Erindale is a mature neighbourhood centered around the University of Toronto Mississauga campus and the scenic Credit River valley. The area offers a unique combination of natural beauty, academic culture, and established residential streets. Erindale Park, one of Mississauga's largest and most beautiful parks, anchors the community.
Why Live in Erindale
- •Adjacent to UTM campus
- •Credit River valley and trails
- •Erindale Park - one of Mississauga's finest
- •Mature trees and established streets
- •Strong rental market near university
Nearby Schools
Transit & Commuting
- •MiWay Route 110 to UTM
- •Easy access to Highway 403
- •Erindale GO Station (planned)
- •25-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Erindale Park
- •Credit River trails
- •Erindale Community Centre
- •UTM campus amenities
- •Riverwood Conservancy (nearby)
Lifestyle & Community
Erindale combines the serenity of nature with the vibrancy of a university community. Residents enjoy beautiful parks, academic culture, and a diverse, welcoming atmosphere.
1055 A Forestwood Drive Unit 115, 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 $403/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 42 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.
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.
About Erindale
I know Erindale well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.