3556 Colonial Drive, Unit 61, Mississauga, ON

$759,000
MLS#:W11964586
2 beds
3 baths
1200-1399 sqft
1.0 parking
Residential Condo & Other
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Property no longer active

This property was sold on February 25, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 3-Storey condo townhouse located in the coveted neighborhood of Erin Mills. Expertly crafted featuring premium brick front and vinyl siding construction, this residence presents an exceptional opportunity offered at $759,000 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.

  • 2 Bedrooms and 3 Bathrooms
  • Generous living space spanning 1200-1399 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Countertop Range, ERV/HRV, Storage Area Lockers
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to your Home, featuring Sorbara's 1349 sqft unit The Urbanway. This exquisite 2-storey, 2-bedroom corner townhouse presents a bright and spacious design complemented by contemporary finishes and generous storage options. Nestled in the most desirable community of Erin Mills, the property is bathed in natural light and offers breathtaking vistas, including spectacular sunrises and sunsets from the private terrace. Let's not forget a park and kids' play area in front of your doorstep! The kitchen is equipped with elegant quartz countertops and a chic ceramic tile backsplash. With 3 bathrooms, a dedicated HVAC system, and a tankless water heater, residents can expect both comfort and energy efficiency. This property features a rare 400 sqft rooftop terrace with a natural gas BBQ hook-up and garden hose outlet. Enjoy the convenience of 1 underground parking spot and a locker, perfect for keeping the snow off your car in the winter and securely storing your extra belongings. The maintenance fee also includes Rogers (FTTH) Fiber to The Home Internet.

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Property Summary

This townhouse located at 3556 Colonial Drive, Mississauga is currently for sale and has been available on SousaSells for 523 days. This property is listed at $759,000 with an estimated mortgage of $2,526* per month. It has 2 beds, 3 bathrooms, and is 1200-1399 square feet. 3556 Colonial 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
2
Bathrooms
3
Kitchens
1
Living Area
1200-1399 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateFebruary 25, 2025
Sold price information is available to members only
Listed Date2/10/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Townhouse
Architectural Style3-Storey
ConstructionBrick Front, Vinyl Siding
BasementNone
CountyPeel
Annual Tax$3,936

Parking & Garage

Parking Total1.0
Parking Space0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Public Transit, Rec./Commun.Centre, School, Terraced, Place Of Worship, Park

Interior Features

Countertop Range, ERV/HRV, Storage Area Lockers, Water Heater, On Demand Water Heater

Security Features

Carbon Monoxide Detectors, Smoke Detector

Community Features

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Location

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3556 Colonial Drive, Unit 61, 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 3556 Colonial Drive 1, Mississauga, ON L5L 0B9

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$227,700 (30.0%)
* Minimum Canadian down payment required for this price is $50,900.
Amortization Period30 Years
Estimated Monthly Payment$2,526Based on a loan of $531,300 over 30 years.
Purchase Price$759,000
Loan Amount$531,300
Provincial Land Transfer Tax:$11,655
Total Estimated Closing Taxes:$11,655

About Purchasing a Home in Mississauga, ON

For a property listed at $759,000 in Mississauga, the legal minimum down payment is $50,900 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 $11,655 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 $11,655.

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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.