3562 Colonial Drive Unit 13, Mississauga

Price: $578,900

2 bedrooms, 3 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W13520890

This townhome in Mississauga's desirable Erin Mills offers over 1000 sq. ft. of modern living space. Featuring 2 bedrooms, 3 bathrooms, and open-concept living/dining area filled with natural light. The kitchen includes quartz countertops, soft-close cabinetry, and stainless-steel appliances. The spacious primary bedroom boasts a spa-like ensuite, and a convenient second-floor laundry room adds ease. Includes TARION warranty and underground parking. Prime location near top schools, shopping, dining, and transit. Perfect for those seeking more space and style than a typical condo. Corner unit with no house at the front, offering additional privacy and curb appeal.

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active
New Listing
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$578,900 - 3562 Colonial Drive Unit 13, Mississauga

Condo for Sale in Mississauga

New — Listed 4 days ago

Neighbourhood: Erin Mills

2Beds
3Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W13520890
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
2
Bathrooms
3
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
South West
Balcony
Open
Listing Brokerage
HOMELIFE FRONTIER REALTY INC.
Description

This townhome in Mississauga's desirable Erin Mills offers over 1000 sq. ft. of modern living space. Featuring 2 bedrooms, 3 bathrooms, and open-concept living/dining area filled with natural light. The kitchen includes quartz countertops, soft-close cabinetry, and stainless-steel appliances. The spacious primary bedroom boasts a spa-like ensuite, and a convenient second-floor laundry room adds ease. Includes TARION warranty and underground parking. Prime location near top schools, shopping, dining, and transit. Perfect for those seeking more space and style than a typical condo. Corner unit with no house at the front, offering additional privacy and curb appeal.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,970.06/mo

Includes CMHC insurance ($16,151)

$
$
5%10%50%

5-yr fixed avg.

Principal: $521,010Interest: $353,856
Mortgage Amount$537,161
Total Interest$353,856
Est. Property Tax$410/mo
Total Cost$891,017

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

3562 Colonial Drive Unit 13, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
2.4%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$410
Insurance (est.)-$121
Net Cash Flow+$1,179

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 $579/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.

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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    3562 Colonial Drive Unit 13, Mississauga | $578,900 | Battaglia Team