5659 Glen Erin Drive Unit 40, Mississauga

Price: $739,000

4 bedrooms, 3 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W14109232

Upgraded, move-in ready townhouse backing onto green space in the heart of Central Erin Mills, steps to top-rated schools! This bright 3-bedroom, 3-bathroom home features a renovated kitchen with white cabinetry, granite countertops and stainless steel appliances, open to the living and dining area with a walkout to a private, tree-shaded patio. A hardwood staircase leads to a generous primary bedroom with a large closet and semi-ensuite access to the updated 4-piece bath, plus two well-sized bedrooms overlooking the backyard. The finished lower level adds valuable extra living space: a rec room with pot lights, a modern 3-piece bath with glass shower, laundry and storage - ideal for a home office, gym, playroom or guest space. Windows replaced in 2025. Full 1-car garage plus private driveway and ample visitor parking. Low monthly maintenance fee covers the building exterior, including roof, windows and garage door. Steps to the community park and playground. Close to John Fraser SS, St. Aloysius Gonzaga SS, Middlebury PS and Thomas Street MS. Minutes to Erin Mills Town Centre, Credit Valley Hospital, Streetsville GO, UTM and Hwys 403/401/407.

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active
New Listing

$739,000 - 5659 Glen Erin Drive Unit 40, Mississauga

Condo for Sale in Mississauga

New — Listed today

Neighbourhood: Central Erin Mills

4Beds
3Baths
1,000Sq Ft
Condo

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Property Details
MLS Number
W14109232
Property Type
Condo
Status
active
Days on Site
0
Bedrooms
4
Bathrooms
3
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Taxes (2025)
$4,104
Maintenance Fees
$438/mo
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
RE/MAX REALTY SERVICES INC.
Description

Upgraded, move-in ready townhouse backing onto green space in the heart of Central Erin Mills, steps to top-rated schools! This bright 3-bedroom, 3-bathroom home features a renovated kitchen with white cabinetry, granite countertops and stainless steel appliances, open to the living and dining area with a walkout to a private, tree-shaded patio. A hardwood staircase leads to a generous primary bedroom with a large closet and semi-ensuite access to the updated 4-piece bath, plus two well-sized bedrooms overlooking the backyard. The finished lower level adds valuable extra living space: a rec room with pot lights, a modern 3-piece bath with glass shower, laundry and storage - ideal for a home office, gym, playroom or guest space. Windows replaced in 2025. Full 1-car garage plus private driveway and ample visitor parking. Low monthly maintenance fee covers the building exterior, including roof, windows and garage door. Steps to the community park and playground. Close to John Fraser SS, St. Aloysius Gonzaga SS, Middlebury PS and Thomas Street MS. Minutes to Erin Mills Town Centre, Credit Valley Hospital, Streetsville GO, UTM and Hwys 403/401/407.

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Estimate your monthly payments for this property

Estimated Payment

$3,791.45/mo

Includes CMHC insurance ($20,618)

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5%10%50%

5-yr fixed avg.

Principal: $665,100Interest: $451,718
Mortgage Amount$685,718
Total Interest$451,718
Est. Property Tax$523/mo
Total Cost$1,137,436

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

5659 Glen Erin Drive Unit 40, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,160/mo
Range: $2,686 - $3,634
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,160
Maintenance Fees-$438
Property Tax (est.)-$523
Insurance (est.)-$154
Net Cash Flow+$2,045

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 $739/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. The $438/month fees should cover building insurance, common elements, and reserve contributions.

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 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.

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    5659 Glen Erin Drive Unit 40, Mississauga | $739,000 | Battaglia Team