2528 Folkway Drive, Mississauga, ON

$1,299,000
MLS#:W11935521
4 beds
3 baths
5.0 parking
Residential Freehold
Loading property media...
⚠️

Property no longer active

This property was sold on January 29, 2025. This listing is for reference purposes only. to view the sold price.

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 $1,299,000 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.

  • 4 Bedrooms and 3 Bathrooms
  • Premium 70.79 x 146.17 ft lot size
  • Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Built-In Oven, Storage, Upgraded Insulation
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Paradise in Erin Mills. Over 2500 sq ft of total living space, 4 generous bedrooms, 3 bath, 2 car garage and driveway parking for 3/4 and an amazing back yardThat is just the beginning. This incredible home is light filled, with a fully renovated main floor featuring gourmet kitchen, gas fireplace, engineered hardwood flooring, and garage entrance. Enjoy the fantastic oasis in the back yard with a walk out to the beautiful deck, and spectacular pond (2022) home to 18 Goldfish and Koi. (bubbler keep those fishies cozy all winter long). The kitchen features all stainless appliances, gas stove, built in microwave, built in oven, deep stainless sink, stainless double door fridge, european cabinetry, and granite countertop. Open to the family room which is graced with an incredible gas fireplace with quartz surround and built in nooks. The second floor has 4 generous bedrooms and renovated baths.The primary suite is a sanctuary from the hustle and bustle of life with a beautiful window nook, custom built in cabinetry for a television or perhaps a coffee bar. The dressing room also boasts custom cabintry as you enter the fully renovated ensuite bath with walk in shower.Venture to the basement with cozy shiplap style walls and plenty of storage in the utility areas. The wide staircase from the foyer to the upper levels will never leave you struggling to move mattresses and furniture, and finally, never underestimate the power of a garage. Not just a garage, a heated full double garage with a 45000 btu furnace, tesla level 2 charging station and room for not just cars but all the toys (for the grown ups and the kids. With room for 3-4 additional cars in the driveway this home is anxious for a new family to call it home. Minutes to Credit Valley Hospital,Credit River, nature trails throughout the neighbourhood, all major commuter routes and 10 minutes to 2 Go stations!

Schedule a Tour

Contact us to schedule a private viewing of this property.

Contact Agent

Generate CMA Report

Property Summary

This detached home located at 2528 Folkway Drive, Mississauga is currently for sale and has been available on SousaSells for 542 days. This property is listed at $1,299,000 with an estimated mortgage of $4,324* per month. It has 4 beds, 3 bathrooms, and is unknown square feet. 2528 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
4
Bathrooms
3
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJanuary 29, 2025
Sold price information is available to members only
Listed Date1/22/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementPartially Finished
Lot Size70.79 × 146.17 Feet
CountyPeel
Annual Tax$7,611.05
Legal DescriptionPCL 624-1, SEC M122 ; LT 624, PL M122 , T/W PT LT 24, PL 1003 AS IN TT118184; S/T A RIGHT AS IN LT222978 ; S/T LT114229,LT72721 MISSISSAUGA

Parking & Garage

Parking Total5.0
Parking Space3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Greenbelt/Conservation, Electric Car Charger, Rec./Commun.Centre, School Bus Route, Hospital

Interior Features

Built-In Oven, Storage, Upgraded Insulation

Security Features

Community Features

Virtual Tours

Location

Initializing map...
2528 Folkway Drive, Mississauga, ON
Loading local market trends...

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 2528 Folkway Drive, Mississauga, ON L5L 2J6

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
Loading stats...

Properties in this area are selling at a steady pace.

Market Trend
Calculating trend...

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$389,700 (30.0%)
* Minimum Canadian down payment required for this price is $259,800.
Amortization Period30 Years
Estimated Monthly Payment$4,324Based on a loan of $909,300 over 30 years.
Purchase Price$1,299,000
Loan Amount$909,300
Provincial Land Transfer Tax:$22,455
Total Estimated Closing Taxes:$22,455

About Purchasing a Home in Mississauga, ON

For a property listed at $1,299,000 in Mississauga, the legal minimum down payment is $259,800 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 $22,455 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 $22,455.

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$1,172,649

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%

Need more details or a custom CMA?

Generate a full market evaluation or explore city guides using the sidebar links.

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.