$1,689,800 - 2300 Folkway Drive, Mississauga
Detached for Sale in Mississauga
Neighbourhood: Erin Mills
- MLS Number
- W13473828
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
A Rare Opportunity In Prestigious Erin Mills! Situated On An Exceptional Premium Lot With Impressive Frontage, Expansive Front Yard And A Private Pool-Sized Backyard with Large 2-Tier decks, This Beautifully Upgraded Family Home Offers The Perfect Blend Of Luxury, Flexibility And Income Potential. Sun-Filled Principal Rooms Feature Large Windows, Hardwood Floors Throughout The Main and Upper Level And Two Walkouts To The Backyard From Both The Kitchen And Family Room, Creating Upper Level And Two Walkouts To The Backyard From Both The Kitchen And Family Room, Creating An Ideal Setting For Everyday Living And Entertaining. The Upgraded Kitchen Is Equipped With Stainless Steel Appliances, Smart Wi-Fi-Enabled Features And A State-Of-The-Art Refrigerator With Integrated Media Screen. The fully renovated legal basement apartment with two units and a separate entrance is a rare and valuable asset. Thoughtfully designed with two kitchens/kitchenettes, two 3-piece bathrooms and separate laundry facilities, the lower level offers exceptional flexibility for multigenerational living, extended family accommodation or income-generating opportunities. With multiple potential living arrangements, these legal suites provide buyers with unique opportunities to significantly offset ownership costs while enhancing long-term investment value. Extensive Recent Upgrades Include New HVAC System (2022), Whole-Home Humidifier (2024), Heated Ensuite Floor, EV Charging Rough-In, New Driveway (2025) And A 5-Zone Underground Wi-Fi Enabled Sprinkler System for Front Yard and Backyard. Located In One Of Mississauga's Most Sought-After Family Communities, Surrounded By Parks, Ravines, Trails And Top-Rated Schools. Minutes To University Of Toronto Mississauga, Credit Valley Hospital, Erin Mills Town Centre, GO Transit And Major Highways. A Unique Opportunity To Own A Turnkey Home Offering Lifestyle, Space And Exceptional Long-Term Value.
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Estimated Payment
$7,474.56/mo
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.
Master-Planned Excellence
Erin Mills is one of Mississauga's most successful master-planned communities, developed by the Cadillac Fairview Corporation starting in the 1970s. The neighbourhood is renowned for its excellent schools, abundant green spaces, and well-designed street layouts. Erin Mills offers a complete suburban lifestyle with top-tier amenities, making it one of the most sought-after areas in the GTA.
Why Live in Erin Mills
- •Award-winning master-planned community
- •Excellent schools including top-ranked John Fraser SS
- •Erin Mills Town Centre shopping
- •Extensive parks and trail systems
- •Mix of housing from condos to executive homes
Nearby Schools
Transit & Commuting
- •Erin Mills Transitway
- •MiWay bus network
- •Highway 403 access
- •Close to Highway 401 and 407
Parks & Amenities
- •Erin Mills Town Centre
- •Credit Valley Conservation Areas
- •Erin Meadows Community Centre
- •Multiple golf courses nearby
- •Extensive trail systems
Lifestyle & Community
Erin Mills epitomizes successful suburban planning. Residents enjoy excellent schools, convenient shopping at Erin Mills Town Centre, and beautiful natural areas. The community attracts families seeking top-tier education and a safe, well-maintained environment.
2300 Folkway Drive, 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 $676/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 15 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.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 7 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 5 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.