$724,999 - 3415 Ridgeway Drive Unit 5, Mississauga
Condo for Sale in Mississauga
40 days on marketNeighbourhood: Erin Mills
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- MLS Number
- W13720868
- Property Type
- Condo
- Status
- active
- Days on Site
- 40
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $4,439
- Maintenance Fees
- $480/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- GET HOME REALTY INC.
RARE 3-BEDROOM! PRIVATE ROOFTOP TERRACE! Welcome to 3415 Ridgeway Dr, Unit 5 - a modern stacked townhouse offering the perfect combination of space, style and convenience in a prime Mississauga location. Featuring 3 bedrooms, 3 bathrooms and underground parking, this bright and functional home is ideal for families, professionals, first-time buyers or investors. The open-concept main living area is designed for both everyday living and entertaining, complemented by a modern kitchen with quartz countertops and stainless steel appliances. Enjoy contemporary finishes, high ceilings and plenty of natural light throughout. The highlight is your PRIVATE ROOFTOP TERRACE - your own outdoor retreat for summer BBQs, entertaining friends or simply relaxing after a long day. Excellent location close to shopping, restaurants, parks, schools, public transit, UTM, Sheridan College, Square One and major highways including Hwy 403, 407 & QEW. Modern living, great accessibility and your own private outdoor space - THIS ONE IS A MUST SEE!
Estimate your monthly payments for this property
Estimated Payment
$3,719.62/mo
Includes CMHC insurance ($20,227)
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.
3415 Ridgeway Drive Unit 5, 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 $604/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 40 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 $480/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.