$789,990 - 3140 Fifth Line Unit 28, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Erin Mills
- MLS Number
- W13466720
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL ESTATE
Tucked beside tranquil green space and steps to the Glen Erin/Fifth Line Trail, this is a beautifully updated 3-bedroom, 3-bathroom, 3-storey end unit townhome. Located in a quiet, well-maintained complex, the home is uniquely positioned adjacent to Brookmede Park, immersing you in nature year-round. In the spring, enjoy the charm of cherry blossoms lining your entry into the community, creating a truly picturesque welcome home. From the moment you step inside, you're greeted by a sun-filled, open-concept living and dining space designed for effortless everydayliving and entertaining. Warm hardwood floors, a cozy fireplace, and an airy layout create a space that feels both inviting and versatile. The kitchen is bright and functional, featuring updated countertops, a pantry, and a charming breakfast nook framed by large windows. A thoughtfully designed laundry area with additional storage and a utility sink adds everyday convenience without sacrificing space. Upstairs, natural light continues to shine through, enhanced by a skylight, adding warmth and openness to the home's upper level. The third floor offers three well-proportioned bedrooms, all finished with hardwood flooring. The primary retreat includes a private 3-piece ensuite with an updated vanity, creating a comfortable space to unwind.On the ground level, a welcoming family room opens directly to a private patio and garden making outdoor entertaining seamless and enjoyable year-round, with the added benefit of peaceful green space just beyond.Set in a highly desirable neighbourhood, you're within walking distance to top-rated schools, including U of T Mississauga, as well as parks, trails, sports courts, and transit. With quick access to Clarkson GO, major highways (403, QEW, 407), shopping, and healthcare, everything you need is close at hand.A perfect balance of nature, privacy, and convenience-this is a home that truly stands apart.
Estimate your monthly payments for this property
Estimated Payment
$4,053.06/mo
Includes CMHC insurance ($22,041)
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.
3140 Fifth Line Unit 28, 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 $494/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 16 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.