3040 Fifth Line, Unit 1, Mississauga, ON

$869,000
MLS#:W12388222
3 beds
4 baths
1600-1799 sqft
2.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable 2-Storey condo townhouse located in the coveted neighborhood of Erin Mills. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $869,000 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.

  • 3 Bedrooms and 4 Bathrooms with 2 functional kitchens
  • Generous living space spanning 1600-1799 sqft
  • Features a finished, separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
  • 2.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

Fabulous End Unit In the Great Neighbourhood; Finished Basement W/ Separate Entrance From Backyard Or Garage. Additional Kitchen in the bsmt. Wood floor From Top to Bottom In Living W/ Lovely Bay Window; Dining Room W/ Hardwood And Large Windows Open Concept; Modern Kitchen W/ Pot Lighting; Three Large Bedrooms with Feature Master W/ 4Pc Bath & Custom Wi Closet; 2nd Bedroom Has Large Closet; Upper Level Laundry. Fully Fenced Backyard. Close To QEW, 403 And Lakeshore Go Station.

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Property Summary

This townhouse located at 3040 Fifth Line, Mississauga is currently for sale and has been available on SousaSells for 310 days. This property is listed at $869,000 with an estimated mortgage of $2,893* per month. It has 3 beds, 4 bathrooms, and is 1600-1799 square feet. 3040 Fifth Line, 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
3
Bathrooms
4
Kitchens
2
Living Area
1600-1799 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateSeptember 27, 2025
Sold price information is available to members only
Listed Date9/8/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementFinished, Separate Entrance
CountyPeel
Annual Tax$5,148.77

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeAttached

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Park, Public Transit, School, School Bus Route, Terraced

Interior Features

Central Vacuum

Security Features

Community Features

Location

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3040 Fifth Line, Unit 1, 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 3040 Fifth Line W 1, Mississauga, ON L5L 0A4

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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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$260,700 (30.0%)
* Minimum Canadian down payment required for this price is $61,900.
Amortization Period30 Years
Estimated Monthly Payment$2,893Based on a loan of $608,300 over 30 years.
Purchase Price$869,000
Loan Amount$608,300
Provincial Land Transfer Tax:$13,855
Total Estimated Closing Taxes:$13,855

About Purchasing a Home in Mississauga, ON

For a property listed at $869,000 in Mississauga, the legal minimum down payment is $61,900 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 $13,855 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 $13,855.

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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.