2545 Folkway Drive, Mississauga, ON

$1,249,000
MLS#:W13028878
5 beds
4 baths
1500-2000 sqft
6.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2-Storey"] detached located in the coveted neighborhood of Erin Mills. Expertly crafted featuring premium brick and wood construction, this residence presents an exceptional opportunity offered at $1,249,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 4 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 47.64 x 150 ft lot
  • Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient detached configuration
  • Notable attributes: Carpet Free, Water Heater
  • equipped with ["central air"] central cooling and highly efficient forced air heating via gas

Welcome to this beautifully renovated 4+1 bedroom home in the highly desirable Erin Mills community, offering a perfect blend of modern upgrades, functional living space, and future income potential. Step into a bright and spacious layout featuring a separate living room, stylish laminate flooring throughout, elegant pot lights, and upgraded light fixtures that create a warm and contemporary feel. The renovated kitchen is a standout, complete with granite countertops and stainless steel appliances, ideal for both everyday living and entertaining. A major highlight of this property is the approved work permit for a legal 2 bedroom basement apartment with a separate side entrance, providing an excellent opportunity for additional rental income or multi-generational living. The finished basement currently offers one bedroom, a spacious recreation room with a wet bar and bright wide windows, ready for your customization. Enjoy outdoor living in the large private backyard featuring a hot water inground pool and backing onto peaceful green space, offering privacy and a serene setting. The property also features a Vented Modular Garage Floor, adding functionality and durability to the garage space. Located close to top amenities including Erin Mills Town Centre, Credit Valley Hospital, and University of Toronto Mississauga, as well as walking trails, parks, and easy access to Highway 403. This move-in ready home is perfect for families, investors, or buyers seeking space, style, and long-term value in a prime Mississauga location. Book your private showing today!

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Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusTerminated
Listed Date4/22/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Wood
BasementFinished
Lot Size47.64 × 150 Feet
CountyPeel
Annual Tax$8,726
Legal DescriptionPcl 567-1, sec m122, Lt 567, pl m122, st a right as in lt181544, t/w pt lt 24, pl 1003 as in TT118184, S/T lt/2721 Mississuga

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Carpet Free, Water Heater

Security Features

Community Features

Location

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2545 Folkway Drive, Mississauga, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 2545 Folkway Drive, Mississauga, ON L5L 2J9

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$999,200
Monthly Mortgage$5,806
Property Tax (Est.)$727
Utilities & Maint.$350
Total Monthly Cost$6,883

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Mississauga.

Similar Listings Nearby

City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Erin Mills, Mississauga.

Verified Local Data
City Population717,961
City Median Age40.1 Yrs
City Ownership72% Owners
Avg Area List Price$1,124,532

People & Families

Age Distribution

Household Composition

One-person households
22%
Families with children
48%
Couples without children
24%
Other households
6%

Top Ethnic Origins

Indian20%
Chinese10%
Canadian9%
English8%

Local Schools Guide

Elementary Schools

St Clare
Public4140 Glen Erin Drive, Erin Mills, Mississauga, Ontario, L5L 2Z3
7.6
St Margaret of Scotland
Public2266 Council Ring Road, Erin Mills, Mississauga, Ontario, L5L 1C1
6.2
St Mark
Public3675 Sawmill Valley Drive, Erin Mills, Mississauga, Ontario, L5L 2Z5
8.7
All Saints
Public4105 Colonial Drive, Erin Mills, Mississauga, Ontario, L5L 4E8
6.2
Christ The King
Public3240 Garthwood Road, Erin Mills, Mississauga, Ontario, L5L 5A3
5.6

Secondary Schools

Loyola
Public3566 Ridgeway Drive, Erin Mills, Mississauga, Ontario, L5L 2B1
7.0
St. Aloysius Gonzaga
Catholic2800 Erin Centre Boulevard, Central Erin Mills, Mississauga, Ontario, L5M 6R5
7.7

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied72%
Rented28%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.