2980 Folkway Drive, Mississauga, ON

$1,349,900
MLS#:W13412496
4 beds
4 baths
2000-2500 sqft
4.0 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 stucco (plaster) construction, this residence presents an exceptional opportunity offered at $1,349,900 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.

  • 4 Bedrooms and 4 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 50 x 120 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, Generator - Full, Upgraded Insulation
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to this beautifully maintained family home in the highly sought-after Pheasant Run community of Mississauga. Showcasing exceptional pride of ownership throughout, this spacious residence offers hardwood flooring on the main and upper levels, a welcoming travertine stone foyer, and thoughtfully designed living spaces ideal for both everyday family living and entertaining.The renovated kitchen features granite countertops and quality cabinetry, while the separate family room offers a fireplace and stone feature wall. The combined living and dining rooms provide a seamless flow and walk out to the beautifully landscaped backyard.Upstairs, the spacious primary retreat includes a walk-in closet and renovated spa-inspired ensuite bath (2020). The professionally finished basement extends the living space with a recreation room, additional bedroom, full bathroom, sitting area, and ample storage.Step outside to enjoy the private backyard oasis featuring mature landscaping, landscape lighting, irrigation system, stone patio, and separate outdoor seating and entertainment areas.Notable upgrades include a Generac whole-home natural gas backup generator, new front entry door (2022), new garage door (2022), enhanced attic insulation, and new laminate flooring throughout the finished basement (2025).Ideally located close to top-rated schools, parks, walking trails, shopping, restaurants, public transit, Erin Mills Town Centre, Square One, Lifetime Fitness, and major highways including the 403, 407, and QEW.A rare opportunity to own a meticulously maintained home in one of Mississauga's most desirable family neighbourhoods.

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Key Features

Bedrooms
4
Bathrooms
4
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold Conditional
Listed Date6/7/2026
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionStucco (Plaster)
BasementFinished
Lot Size50 × 120 Feet
CountyPeel
Annual Tax$7,527
Legal DescriptionPlan M118 Lot 51

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Hospital, Public Transit

Interior Features

Auto Garage Door Remote, Generator - Full, Upgraded Insulation

Security Features

Community Features

Location

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2980 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 2980 Folkway Drive, Mississauga, ON L5L 1Z6

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.

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Interest Rate5.25%
Down Payment$269,980 (20.0%)
* Minimum Canadian down payment required for this price is $269,980.
Amortization Period25 Years
Estimated Monthly Payment$6,435Based on a loan of $1,079,920 over 25 years.
Purchase Price$1,349,900
Loan Amount$1,079,920
Provincial Land Transfer Tax:$23,473
Total Estimated Closing Taxes:$23,473

About Purchasing a Home in Mississauga, ON

For a property listed at $1,349,900 in Mississauga, the legal minimum down payment is $269,980 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 $23,473 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 $23,473.

Nearby Listings

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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$1,106,948

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.