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Price Change$619,800

6 - 3562 Colonial Drive

Erin Mills, Mississauga

$599,800

Condo Townhouse |
2 | 3 | 1 | 0
About this home

Welcome to The Way Urban Towns in the highly sought-after Erin Mills neighbourhood!Built in 2024, this bright and like-new 2-bedroom, 3-bathroom 2-storey stackedtownhome offers a functional open-concept layout, a spacious living area, and aground-level private terrace perfect for relaxing or entertaining. The home showcasesbeautifully upgraded wide plank engineered laminate flooring throughout the mainfloor. The modern kitchen is equipped with quartz countertops, ceramic tilebacksplash, stainless steel appliances, and a huge pantry for ample storage. Includesunderground parking for added convenience, along with approximately 500 sq. ft. ofbasement crawl space ideal for extra storage. The professionally landscaped complexwill feature kids' play areas and open green spaces. Ideally located close to majorhighways (403, 407 & QEW), Erindale GO Station, transit, parks, trails, RidgewayPlaza with popular restaurants, community centre, shopping, Costco, library, schools,and University of Toronto Mississauga - making this an excellent opportunity forfamilies and professionals. A Must See!!

Extras

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Got questions?

Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Townhouse
StyleStacked Townhouse
Approx. AgeNot available
Size900-999 sq. ft.
Maintenance Fees$360
LockerNone
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$3,846
mls© NumberW13119280
Listed ByROYAL LEPAGE IGNITE REALTY
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,070
Property tax
$320
Heat allowance
$150
Condo fees, half counted
$180
Housing costs
$3,721 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $119,960
25-yr amortization

Income needed

$114,000

gross annual household income

Payment at 4%
$2,524 / mo
Cash down
$119,960

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

Values and trends

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