$749,999 - 3140 Fifth Line Unit 28, Mississauga
Condo for Sale in Mississauga
43 days on marketNeighbourhood: Erin Mills
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- MLS Number
- W13711544
- Property Type
- Condo
- Status
- active
- Days on Site
- 43
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,600 sqft
- Neighbourhood
- Mississauga
- Taxes (2025)
- $4,425
- Maintenance Fees
- $599/mo
- Locker
- None
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST
Perfectly positioned beside Brookmede Park and steps to the Glen Erin/Fifth Line Trail, this beautifully updated 3-bedroom, 3-bathroom END-UNIT townhome offers an exceptional blend of nature, privacy, and convenience. Enjoy green space at your doorstep, scenic walking and cycling trails, tennis courts, and the University of Toronto Mississauga campus just minutes away. Set in a quiet, well-maintained complex, the home enjoys a peaceful end-unit setting surrounded by mature greenery. In spring, cherry blossoms create a picturesque entrance to the community. Inside, the bright three-storey layout is filled with natural light. The open-concept living and dining areas feature hardwood flooring and a cozy fireplace, creating an inviting space for everyday living and entertaining. The bright kitchen offers updated countertops, a pantry, and a charming breakfast nook framed by large windows. A convenient laundry area provides additional storage and a utility sink. Upstairs, a skylight adds warmth and natural light. The third floor features three well-proportioned bedrooms with hardwood flooring, including a primary retreat with a private 3-piece ensuite and updated vanity. The ground-level family room opens directly to a private patio and garden, offering a peaceful outdoor space perfect for entertaining. The basement crawl space offers functional additional storage, keeping seasonal items and household essentials neatly tucked away Excellent schools, shopping, and transit are all close by. Clarkson GO and Highways 403, QEW, and 407 are also easily accessible. A rare opportunity to enjoy a park-side lifestyle where nature, recreation, and convenience are right outside your door.
Estimate your monthly payments for this property
Estimated Payment
$3,847.88/mo
Includes CMHC insurance ($20,925)
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 $469/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 43 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. The $599/month fees should cover building insurance, common elements, and reserve contributions.
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.