3573 Colonial Drive, Mississauga

Price: $1,388,000

6 bedrooms, 4 bathrooms

2,500 - 2,999 sqft

Property Type: Detached

MLS#: W13685656

Welcome to This Beautifully Updated 4-Bedroom Family Home Situated on a Premium Lot Backing Onto Peaceful Woodlands in the Heart of Erin Mills. The Bright and Spacious Main Floor Features Separate Living, Dining and Family Rooms, an Eat-In Kitchen and a Walkout to the Private Backyard. The Upper Level Offers Four Generous Bedrooms, Including a Primary Bedroom with Ensuite. The Finished Basement with a Separate Entrance Provides Excellent Additional Living Space for an Extended Family. Major 2026 Upgrades Include New Roof Shingles, Newly Paved Driveway, New Flooring and New Kitchen Appliances. Freshly Painted and Move-In Ready. Conveniently Located Close to Excellent Schools, Parks, Shopping, Public Transit, Highways and All Amenities. A Wonderful Opportunity to Own a Spacious Home in a Highly Desirable Neighborhoods !

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active
New Listing
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$1,388,000 - 3573 Colonial Drive, Mississauga

Detached for Sale in Mississauga

New — Listed yesterday

Neighbourhood: Erin Mills

6Beds
4Baths
2,500 - 2,999Sq Ft
Detached
Property Details
MLS Number
W13685656
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
6
Bathrooms
4
Square Feet
2,500 - 2,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
TAIHOME REALTY INC.
Description

Welcome to This Beautifully Updated 4-Bedroom Family Home Situated on a Premium Lot Backing Onto Peaceful Woodlands in the Heart of Erin Mills. The Bright and Spacious Main Floor Features Separate Living, Dining and Family Rooms, an Eat-In Kitchen and a Walkout to the Private Backyard. The Upper Level Offers Four Generous Bedrooms, Including a Primary Bedroom with Ensuite. The Finished Basement with a Separate Entrance Provides Excellent Additional Living Space for an Extended Family. Major 2026 Upgrades Include New Roof Shingles, Newly Paved Driveway, New Flooring and New Kitchen Appliances. Freshly Painted and Move-In Ready. Conveniently Located Close to Excellent Schools, Parks, Shopping, Public Transit, Highways and All Amenities. A Wonderful Opportunity to Own a Spacious Home in a Highly Desirable Neighborhoods !

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,139.59/mo

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5-yr fixed avg.

Principal: $1,110,400Interest: $731,478
Mortgage Amount$1,110,400
Total Interest$731,478
Est. Property Tax$983/mo
Total Cost$1,841,878

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

3573 Colonial Drive, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,350/mo
Range: $3,698 - $5,003
Cap Rate (ROI)
2.7%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,350
Maintenance Fees-$0
Property Tax (est.)-$983
Insurance (est.)-$289
Net Cash Flow+$3,078

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 $555/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.

Detached Home Advantages

Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.

Excellent Flexibility

With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.

Bathroom Count Matters

With 4 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.

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    3573 Colonial Drive, Mississauga | $1,388,000 | Battaglia Team