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Listed 2 months ago

404 - 4850 Glen Erin Drive

Central Erin Mills, Mississauga

$635,000

Condo Apartment |
2 | 2 | 2 | 1
About this home

Experience elevated condo living at Papillon Place, located in the highly sought-after Central Erin Mills community of Mississauga. This rarely offered, sun-filled 4th-floor corner end-unit stands out as one of the building's larger and most desirable floor plans, boasting a bright, open-concept layout anchored by durable laminated floors. The inviting living and dining space flows seamlessly to a private balcony with unobstructed southeast exposure of green space and the city view, flooding the home with natural light. A modern kitchen is beautifully equipped with premium granite countertops, stainless steel appliances, and ample cabinetry, while the thoughtfully designed layout offers two spacious bedrooms, including a primary retreat featuring exclusive ensuite access. Offering unparalleled value for families, professionals, downsizers, and investors alike, this move-in-ready suite includes the rare, highly coveted bonus of two parking spaces and a dedicated storage locker.Residents enjoy access to impressive amenities offering collection of lifestyle-enhancing facilities, including a 24-hour concierge, gated security, indoor pool, hot tub, sauna, fitness center, party and billiards room. Ideally located directly across from Erin Mills Town Centre and just minutes to Credit Valley Hospital, this exceptional condo is situated within one of Mississauga's top-rated public school districts like John Fraser And St. Aloysius Gonzaga School Area. It offers convenient access to GO Transit, public transit, parks, restaurants, and Highway 403. A perfect opportunity for families, professionals and downsizers seeking a premium lifestyle in one of Mississauga's most sought-after communities.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeCondo Apartment
StyleApartment
Approx. AgeNot available
Size900-999 sq. ft.
Maintenance Fees$942
LockerOwned
BalconyOpen
ExposureSouth East
Parking TypeUnderground
Parking Spaces2
Parking FeaturesUnderground
Property Tax$3,701
mls© NumberW13548282
Listed ByCITYSCAPE REAL ESTATE LTD.
Heat Included
Water Included
CAC Included
Common Elements Included
Building Insurance Included
Parking Included

Listing History

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

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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$3,250
Property tax
$308
Heat allowance
$150
Condo fees, half counted
$471
Housing costs
$4,180 / mo

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

Down payment20% · $127,000
25-yr amortization

Income needed

$129,000

gross annual household income

Payment at 4%
$2,672 / mo
Cash down
$127,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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

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