$830,000 - 2766 Folkway Drive Unit 34, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Erin Mills
- MLS Number
- W13424804
- Property Type
- Condo
- Status
- active
- Days on Site
- 27
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- North South
- Balcony
- None
- Listing Brokerage
- Royal LePage Real Estate Associates
This charming 3 bedroom townhome offers the perfect blend of comfort, privacy, and convenience. Backing onto treed greenspace, Pheasant Run Park and nestled within a well managed complex, this home provides an exceptional opportunity for families, first-time buyers, and downsizers alike. The traditional floor plan is thoughtfully designed for everyday living and entertaining. The main level features bright principal rooms, a 2 pc. bath and a walkout to the beautiful backyard, creating a seamless connection between indoor and outdoor living. Whether you're hosting family gatherings or enjoying a quiet morning coffee, the private outdoor space offers a serene retreat with beautiful views of the forest. Upstairs, three good sized bedrooms provide comfortable accommodations for the whole family. The primary bedroom serves as a relaxing sanctuary and features a beautifully renovated semi-ensuite bath with stylish finishes and modern touches. Ample closet space and large windows enhance the comfort and functionality of the upper level. Located in one of Mississauga's most sought after communities, Erin Mills offers an outstanding lifestyle with excellent schools, parks, walking trails, community centres, and recreational facilities nearby. Residents enjoy convenient access to Erin Mills Town Centre, Credit Valley Hospital, public transit, major highways, and an abundance of shopping, dining, and everyday amenities. With nature, convenience, and family friendly living all at your doorstep, this is a wonderful place to call home. HWT Heater Rental'26, Stove '26, Air Conditioner'25, Backyard Deck'21, rough-in bathroom in basement.
Estimate your monthly payments for this property
Estimated Payment
$4,258.33/mo
Includes CMHC insurance ($23,157)
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.
2766 Folkway Drive Unit 34, 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 $692/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 27 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.
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 Erin Mills
I know Erin Mills 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.