$599,800 - 3562 Colonial Drive Unit 6, Mississauga
Condo for Sale in Mississauga
56 days on marketNeighbourhood: Erin Mills
- MLS Number
- W13119280
- Property Type
- Condo
- Status
- active
- Days on Site
- 56
- Bedrooms
- 2
- Bathrooms
- 3
- Square Feet
- 900 sqft
- Neighbourhood
- Mississauga
- Locker
- None
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE IGNITE REALTY
Welcome to The Way Urban Towns in the highly sought-after Erin Mills neighbourhood!Built in 2024, this bright and like-new 2-bedroom, 3-bathroom 2-storey stackedtownhome offers a functional open-concept layout, a spacious living area, and aground-level private terrace perfect for relaxing or entertaining. The home showcasesbeautifully upgraded wide plank engineered laminate flooring throughout the mainfloor. The modern kitchen is equipped with quartz countertops, ceramic tilebacksplash, stainless steel appliances, and a huge pantry for ample storage. Includesunderground parking for added convenience, along with approximately 500 sq. ft. ofbasement crawl space ideal for extra storage. The professionally landscaped complexwill feature kids' play areas and open green spaces. Ideally located close to majorhighways (403, 407 & QEW), Erindale GO Station, transit, parks, trails, RidgewayPlaza with popular restaurants, community centre, shopping, Costco, library, schools,and University of Toronto Mississauga - making this an excellent opportunity forfamilies and professionals. A Must See!!
Estimate your monthly payments for this property
Estimated Payment
$3,077.28/mo
Includes CMHC insurance ($16,734)
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.
3562 Colonial Drive Unit 6, 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 $666/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.
Negotiation Opportunity
At 56 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
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.