4699 Glen Erin Drive Unit 407, Mississauga

Price: $649,900

3 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: W13590086

Welcome to Mills Square, where thoughtful design meets everyday convenience. This bright, freshly painted corner suite features a highly desirable split-bedroom layout with an expansive wraparound balcony overlooking the beautifully landscaped courtyard gardens. Designed for comfortable living, the open-concept floor plan offers a spacious living area and a modern kitchen complete with full-sized stainless steel appliances, a centre island, and ample storage. The generous den provides exceptional flexibility and can easily function as a home office, diningarea, playroom, or guest space.The well-separated bedrooms offer privacy, each with large windows that fill the home with natural light. The primary suite serves as a peaceful retreat, featuring a walk-in closet, a private ensuite, corner windows, and direct access to the balcony. Residents of Mills Square enjoy a well-managed, mid-rise community with abundant visitor parking and a dedicated amenity building offering a fitness centre, indoor pool, media room, and rooftop terrace. Ideally located within walking distance to Erin Mills Town Centre, parks, schools, restaurants, and everyday amenities, with convenient access to major highways and public transit. The property comes with TWO side-by-side parking spaces.

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$649,900 - 4699 Glen Erin Drive Unit 407, Mississauga

Condo for Sale in Mississauga

33 days on market

Neighbourhood: Central Erin Mills

3Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
W13590086
Property Type
Condo
Status
active
Days on Site
33
Bedrooms
3
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Mississauga
Locker
Owned
Exposure
South West
Balcony
Open
Listing Brokerage
PSR
Description

Welcome to Mills Square, where thoughtful design meets everyday convenience. This bright, freshly painted corner suite features a highly desirable split-bedroom layout with an expansive wraparound balcony overlooking the beautifully landscaped courtyard gardens. Designed for comfortable living, the open-concept floor plan offers a spacious living area and a modern kitchen complete with full-sized stainless steel appliances, a centre island, and ample storage. The generous den provides exceptional flexibility and can easily function as a home office, diningarea, playroom, or guest space.The well-separated bedrooms offer privacy, each with large windows that fill the home with natural light. The primary suite serves as a peaceful retreat, featuring a walk-in closet, a private ensuite, corner windows, and direct access to the balcony. Residents of Mills Square enjoy a well-managed, mid-rise community with abundant visitor parking and a dedicated amenity building offering a fitness centre, indoor pool, media room, and rooftop terrace. Ideally located within walking distance to Erin Mills Town Centre, parks, schools, restaurants, and everyday amenities, with convenient access to major highways and public transit. The property comes with TWO side-by-side parking spaces.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,334.32/mo

Includes CMHC insurance ($18,132)

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5-yr fixed avg.

Principal: $584,910Interest: $397,255
Mortgage Amount$603,042
Total Interest$397,255
Est. Property Tax$460/mo
Total Cost$1,000,297

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: Central Erin Mills

Discover Central Erin Mills

Central Erin Mills is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Central Erin Mills

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Central Erin Mills offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

4699 Glen Erin Drive Unit 407, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,680/mo
Range: $2,278 - $3,082
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,680
Maintenance Fees-$585
Property Tax (est.)-$460
Insurance (est.)-$135
Net Cash Flow+$1,500

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 $722/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 33 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. 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.

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.

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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    4699 Glen Erin Drive Unit 407, Mississauga | $649,900 | Battaglia Team