3600 Colonial Drive Unit 50, Mississauga

Price: $699,000

4 bedrooms, 4 bathrooms

1,400 sqft

Property Type: Condo

MLS#: W13676046

READY TO MOVE IN, renovated and upgraded, specious and bright 3+1 bedroom, 4 washroom townhouse for sale, located in Erin Mills community, a safe and family-oriented neighborhood with all amenities close by. The house has a practical layout with good sunshine in the rooms. Across Tom Chater Memorial Park and Kids playground, excellent schools zone, shopping mall, Costco, Hwy 403 and QEW just minutes away. Located at the border of Oakville. Professionally finished basement with full bathroom, One small room and a huge recreation room for enjoying parties and family gathering. A perfect family home with nice and practical layout, bright rooms with full of sunshine. Painted and professionally cleaned house with NO CARPET in entire house. Approx. 1400 sqft above grade finished area and 350 sqft basement finished area. Specious garage with lots of cabinets and storage space. Well managed condo corporation, the maintenance fees includes: snow removal to the door steps, walkway and driveway, grass cutting front and backyard, roof, windows and all exterior maintenance, outdoor common swimming pool and lots of visitors parking for your guests. Thousands of dollars had been spent on renovations under the current ownership, such as: all 4 bathrooms, kitchen cabinets, granite countertop, ceramic flooring from house entry to backyard, Entire basement including separate room, bathroom, flooring etc., wooden stairs, LED lights, SS Dryer and Washer, AC and Furnace, Gas Stove Line etc. (Unit # 50 - No for sale sign posted at the house) NOTE: Offers presented Thursday, Aug 20th at 7:00 PM. Please register by 5:00 PM. Seller reserves the right to review and accept pre-emptive offers prior to the presentation date, provided the offer has a minimum 24-hour irrevocable period. Form 244 signed.

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active
New Listing
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$699,000 - 3600 Colonial Drive Unit 50, Mississauga

Condo for Sale in Mississauga

New — Listed 4 days ago

Neighbourhood: Erin Mills

4Beds
4Baths
1,400Sq Ft
Condo
Property Details
MLS Number
W13676046
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
4
Bathrooms
4
Square Feet
1,400 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
North East
Balcony
None
Listing Brokerage
CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Description

READY TO MOVE IN, renovated and upgraded, specious and bright 3+1 bedroom, 4 washroom townhouse for sale, located in Erin Mills community, a safe and family-oriented neighborhood with all amenities close by. The house has a practical layout with good sunshine in the rooms. Across Tom Chater Memorial Park and Kids playground, excellent schools zone, shopping mall, Costco, Hwy 403 and QEW just minutes away. Located at the border of Oakville. Professionally finished basement with full bathroom, One small room and a huge recreation room for enjoying parties and family gathering. A perfect family home with nice and practical layout, bright rooms with full of sunshine. Painted and professionally cleaned house with NO CARPET in entire house. Approx. 1400 sqft above grade finished area and 350 sqft basement finished area. Specious garage with lots of cabinets and storage space. Well managed condo corporation, the maintenance fees includes: snow removal to the door steps, walkway and driveway, grass cutting front and backyard, roof, windows and all exterior maintenance, outdoor common swimming pool and lots of visitors parking for your guests. Thousands of dollars had been spent on renovations under the current ownership, such as: all 4 bathrooms, kitchen cabinets, granite countertop, ceramic flooring from house entry to backyard, Entire basement including separate room, bathroom, flooring etc., wooden stairs, LED lights, SS Dryer and Washer, AC and Furnace, Gas Stove Line etc. (Unit # 50 - No for sale sign posted at the house) NOTE: Offers presented Thursday, Aug 20th at 7:00 PM. Please register by 5:00 PM. Seller reserves the right to review and accept pre-emptive offers prior to the presentation date, provided the offer has a minimum 24-hour irrevocable period. Form 244 signed.

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Estimated Payment

$3,586.23/mo

Includes CMHC insurance ($19,502)

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5-yr fixed avg.

Principal: $629,100Interest: $427,268
Mortgage Amount$648,602
Total Interest$427,268
Est. Property Tax$495/mo
Total Cost$1,075,870

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

3600 Colonial Drive Unit 50, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,480/mo
Range: $2,958 - $4,002
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,480
Maintenance Fees-$910
Property Tax (est.)-$495
Insurance (est.)-$146
Net Cash Flow+$1,929

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 $499/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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.

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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    3600 Colonial Drive Unit 50, Mississauga | $699,000 | Battaglia Team