$699,980
3492 Widdicombe Way 17
Mississauga (Erin Mills), Ontario
2bed3bath
ROYAL LEPAGE SIGNATURE REALTY
condo in Mississauga (Erin Mills)
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Market Analysis
In the Erin Mills area of Mississauga, condo buyers primarily include young professionals, small families, and retirees seeking a vibrant lifestyle. The demographic is diverse, with many attracted to the community for its balance of suburban tranquility and urban convenience. Young professionals frequently choose Erin Mills due to its proximity to major employment centers like Square One Shopping Centre and the University of Toronto Mississauga campus, while families appreciate the highly-rated schools and plentiful parks. The lifestyle in Erin Mills is active and community-oriented, with residents often engaging in outdoor activities at parks such as Glen Erin Park or the nearby Credit Valley Trail. Additionally, the area offers a range of dining and shopping options on Dundas Street, making it an ideal location for those who value both leisure and convenience in their daily lives.
Price Insights
The median price for condos in Erin Mills is approximately $619,000, while the average price hovers around $579,322. Buyers in this price range can expect to find one- to two-bedroom units that often feature modern amenities, open-concept layouts, and secure parking. Many condos come equipped with additional perks such as fitness centers, party rooms, and outdoor terraces. For instance, properties on streets like Erin Mills Parkway and Glen Erin Drive offer easy access to amenities, with some units boasting views of the serene surroundings. Buyers can also find options in various styles, from contemporary high-rises to more traditional mid-rise buildings, providing a wide selection that caters to different tastes and budgets.
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About This Property Type
Condos in Mississauga's Erin Mills are characterized by their well-designed layouts, modern finishes, and a focus on community living. Most buildings are equipped with features that enhance convenience and security, such as 24-hour concierge services and secure entry systems. The design of these homes often includes large windows, open spaces, and private balconies that provide an inviting living environment. Many of these condos are part of well-managed communities, which often include shared amenities like fitness centers, swimming pools, and communal lounges. Properties located near landmarks such as the Erin Mills Town Centre not only offer residents easy access to shopping and dining but also contribute to a vibrant social atmosphere.
Location Highlights
Erin Mills stands out for its family-friendly environment and excellent access to education. The area is home to top-rated schools like John Fraser Secondary School and St. Aloysius Gonzaga Secondary School, making it a top choice for families. Parks such as the lush Credit Valley Park and Sawmill Creek Trail offer recreational opportunities for residents. Accessibility is another highlight, with convenient transit options like the MiWay bus service connecting to the nearby GO Transit stations. The close proximity to major highways, including the 403 and 401, allows for easy commutes to downtown Toronto and other destinations. This blend of education, recreation, and connectivity makes Erin Mills a desirable place to live.
Investment Advice
Investing in a condo in Erin Mills can be a lucrative decision, especially considering the balanced market conditions and steady demand. The average price of $579,322 for condos in this neighborhood reflects a reasonable entry point for both first-time buyers and investors. The ongoing development in Mississauga, including new commercial establishments and infrastructure improvements, supports long-term appreciation potential. Additionally, rental demand in Erin Mills remains strong, making it an attractive option for investors seeking to generate passive income. With a mix of educational institutions and employment hubs nearby, the area continues to draw a diverse tenant base, enhancing the investment appeal of purchasing a condo here.
Buying Tips
For those looking to purchase a condo in Erin Mills, it’s essential to be prepared for a competitive market. Start by determining your budget and securing pre-approval for a mortgage to streamline your home search. Focus on neighborhoods like Erin Mills Parkway and Glen Erin Drive, where you can find good value for your investment. When viewing properties, pay attention to the management of the condo corporation and the associated fees, as these can significantly impact your overall costs. Finally, consider the resale value of potential properties—units with desirable features, such as updated kitchens or proximity to amenities, tend to hold their value better. Don’t hesitate to engage a local real estate agent who knows the Erin Mills market to help you navigate listings and make informed decisions.
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Frequently Asked Questions About Mississauga (Erin Mills)
How many condos are for sale in Mississauga (Erin Mills)?
There are currently 32 condos listed for sale in Mississauga (Erin Mills) on this site. Listings are updated multiple times per day from CREA's DDF®.
How often are condo listings updated in Mississauga (Erin Mills)?
Listings on this page are updated multiple times per day directly from CREA's DDF® (Data Distribution Facility). New listings typically appear within minutes of being added to the MLS® system.
What bedroom sizes are available for condos in Mississauga (Erin Mills)?
Condos in Mississauga (Erin Mills) are available in 1-bedroom, 2-bedroom, 3-bedroom, and 4-bedroom configurations. Use the sidebar links to browse by bedroom count.