3345 Silverado Drive Unit #2, Mississauga

Price: $688,000

3 bedrooms, 2 bathrooms

1,400 sqft

Property Type: Condo

MLS#: W13511574

Beautiful location in east Mississauga. Small , quiet complex. Traditional layout with main floor living area and walkout to the west view backyard. Very long driveway for 3 cars. Hardwood on main floor.

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active
New Listing
1/19

$688,000 - 3345 Silverado Drive Unit #2, Mississauga

Condo for Sale in Mississauga

New — Listed 5 days ago

Neighbourhood: Mississauga Valleys

3Beds
2Baths
1,400Sq Ft
Condo
Property Details
MLS Number
W13511574
Property Type
Condo
Status
active
Days on Site
5
Bedrooms
3
Bathrooms
2
Square Feet
1,400 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
West
Balcony
None
Listing Brokerage
RE/MAX PROFESSIONALS INC.
Description

Beautiful location in east Mississauga. Small , quiet complex. Traditional layout with main floor living area and walkout to the west view backyard. Very long driveway for 3 cars. Hardwood on main floor.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,529.80/mo

Includes CMHC insurance ($19,195)

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5-yr fixed avg.

Principal: $619,200Interest: $420,544
Mortgage Amount$638,395
Total Interest$420,544
Est. Property Tax$487/mo
Total Cost$1,058,939

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.

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Neighbourhood Guide: Mississauga Valleys

Discover Mississauga Valleys

Mississauga Valleys 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 Mississauga Valleys

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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

Mississauga Valleys 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.

70
Walk Score
Varies
Price Range

3345 Silverado Drive Unit #2, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,080/mo
Range: $2,618 - $3,542
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,080
Maintenance Fees-$910
Property Tax (est.)-$487
Insurance (est.)-$143
Net Cash Flow+$1,540

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $491/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 Mississauga Valleys

I know Mississauga Valleys 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.

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    3345 Silverado Drive Unit #2, Mississauga | $688,000 | Battaglia Team