$699,000 - 2945 Thomas Street Unit 62, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Central Erin Mills
- MLS Number
- W13242560
- Property Type
- Condo
- Status
- active
- Days on Site
- 22
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- North West
- Balcony
- None
- Listing Brokerage
- RE/MAX CONDOS PLUS CORPORATION
Welcome Home! Enjoy a 3 bedroom, 2 Bathroom, 1996 Daniels-built townhouse, nestled in the heart of Erin Mills. This exceptional home offers outstanding value for first-time buyers and downsizers seeking quality construction and a functional layout, in a convenient, desirable neighbourhood. Step inside to a bright, open-concept main floor where the living and dining areas flow effortlessly into an updated eat-in kitchen featuring sleek quartz countertops with full-sized appliances, and a walkout to a fully fenced private backyard- perfect for summer entertaining or peaceful relaxation. Upstairs, you will find three generously sized bedrooms, including a spacious primary bedroom retreat with a semi-ensuite 4-piece bathroom, double closet, and room for a king-sized bed. The finished lower level adds valuable flexible space, ideal as a family room, home gym, or play area, complete with a 2-piece bathroom, laundry room, and ample storage. Additional updates include a new furnace (2021), new A/C (2021) and an Ecobee Thermostat. Ideally situated at the rear of the complex for added privacy, backing onto detached homes and close to visitor parking, and a charming parkette. Enjoy a convenient location. Close to Erin Mills Town Centre, Longos, Parks, Credit Valley Hospital, top-rated schools, Streetsville GO Station, public transit, and major highways (403, 407, QEW) - everything you need is right at your doorstep! See Video Tour for more.
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
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 Central Erin Mills
Central Erin Mills 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 Central Erin Mills
- •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
Central Erin Mills 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.
2945 Thomas Street Unit 62, 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 22 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 Central Erin Mills
I know Central 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.