3405 Ridgeway Drive Unit 21, Mississauga

Price: $619,900

2 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: W14111310

Welcome to The Way Urban Towns, nestled in the highly desirable Erin Mills neighbourhood! Built in 2023, this modern stacked townhome presents an excellent opportunity for first-time buyers and savvy investors alike. Step inside to discover a bright, open-concept layout that seamlessly blends style and functionality, creating a welcoming space for both everyday living and relaxation. One of the home's highlights is the private rooftop terrace, offering the perfect outdoor retreat for summer entertaining, evening BBQs, or simply unwinding under the open sky. The upper-level bedroom provides a comfortable and private sanctuary, complete with his-and-hers closets and a convenient 3-piece ensuite. Enjoy the convenience of being just minutes from parks, schools, shopping, and everyday amenities, with easy access to major highways for a seamless commute to Downtown Toronto and destinations throughout Mississauga. Modern design, functional living, and an unbeatable location-an ideal place to call home.

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active
New Listing

$619,900 - 3405 Ridgeway Drive Unit 21, Mississauga

Condo for Sale in Mississauga

New — Listed today

Neighbourhood: Erin Mills

2Beds
3Baths
1,200Sq Ft
Condo

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Property Details
MLS Number
W14111310
Property Type
Condo
Status
active
Days on Site
0
Bedrooms
2
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
Mississauga
Taxes (2026)
$4,218
Maintenance Fees
$480/mo
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
RE/MAX REALTY SPECIALISTS INC.
Description

Welcome to The Way Urban Towns, nestled in the highly desirable Erin Mills neighbourhood! Built in 2023, this modern stacked townhome presents an excellent opportunity for first-time buyers and savvy investors alike. Step inside to discover a bright, open-concept layout that seamlessly blends style and functionality, creating a welcoming space for both everyday living and relaxation. One of the home's highlights is the private rooftop terrace, offering the perfect outdoor retreat for summer entertaining, evening BBQs, or simply unwinding under the open sky. The upper-level bedroom provides a comfortable and private sanctuary, complete with his-and-hers closets and a convenient 3-piece ensuite. Enjoy the convenience of being just minutes from parks, schools, shopping, and everyday amenities, with easy access to major highways for a seamless commute to Downtown Toronto and destinations throughout Mississauga. Modern design, functional living, and an unbeatable location-an ideal place to call home.

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Estimate your monthly payments for this property

Estimated Payment

$3,180.41/mo

Includes CMHC insurance ($17,295)

$
$
5%10%50%

5-yr fixed avg.

Principal: $557,910Interest: $378,917
Mortgage Amount$575,205
Total Interest$378,917
Est. Property Tax$439/mo
Total Cost$954,122

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: Erin Mills

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

John Fraser Secondary SchoolPublic High School
St. Aloysius Gonzaga Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School
Sawmill Valley Public SchoolPublic Elementary

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.

58
Walk Score
$750K - $2M
Price Range

3405 Ridgeway Drive Unit 21, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$480
Property Tax (est.)-$439
Insurance (est.)-$129
Net Cash Flow+$1,472

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 $517/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. The $480/month fees should cover building insurance, common elements, and reserve contributions.

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.

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.

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    3405 Ridgeway Drive Unit 21, Mississauga | $619,900 | Battaglia Team