1905 Folkway Drive, Mississauga, ON

$1,899,900
MLS#:W9391329
5 beds
5 baths
3000-3500 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Erin Mills. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,899,900 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 5 Bathrooms
  • Generous living space spanning 3000-3500 sqft on a premium 59.06 x 127.95 ft lot
  • Features a finished with walk-out, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Outstanding executive home, approx. 3,400 sqft plus a huge finished walk-out basement. Nestled in a quiet area of Sawmill Valley with soaring mature trees. Boasting 5 beautifully renovated bathrooms, 3 of them on the 2nd floor. Stunning renovated kitchen with ample storage cabinets. Quartz counter-tops in kitchen and bathrooms. Main floor office/den. 2 storey foyer. Living room with cathedral ceiling. Very nright home with large windows throughout. Large private treed backyard with no neighbourbous looking directly onto you. 6 parking.

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Property Summary

This detached home located at 1905 Folkway Drive, Mississauga is currently for sale and has been available on SousaSells for 644 days. This property is listed at $1,899,900 with an estimated mortgage of $6,324* per month. It has 5 beds, 5 bathrooms, and is 3000-3500 square feet. 1905 Folkway Drive, Mississauga is in the Erin Mills neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
5
Kitchens
1
Living Area
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 1, 2024
Sold price information is available to members only
Listed Date10/10/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished with Walk-Out, Separate Entrance
Lot Size59.06 × 127.95 Feet
CountyPeel
Annual Tax$10,507.8
Legal DescriptionPCL 11-1, SEC 43M672 ; LT 11, PL 43M672 , T/W PT LT 19

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Greenbelt/Conservation, Hospital, Public Transit, School, Wooded/Treed

Interior Features

None

Security Features

Community Features

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Location

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1905 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 1905 Folkway Drive, Mississauga, ON L5L 3T7

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.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Mississauga.

Configure Loan Settings

Interest Rate4.00%
Down Payment$569,970 (30.0%)
* Minimum Canadian down payment required for this price is $379,980.
Amortization Period30 Years
Estimated Monthly Payment$6,324Based on a loan of $1,329,930 over 30 years.
Purchase Price$1,899,900
Loan Amount$1,329,930
Provincial Land Transfer Tax:$34,473
Total Estimated Closing Taxes:$34,473

About Purchasing a Home in Mississauga, ON

For a property listed at $1,899,900 in Mississauga, the legal minimum down payment is $379,980 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $34,473 for this transaction. As this listing is in Mississauga (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $34,473.

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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$1,172,649

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.