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New6 hours ago

2300 Folkway Drive

Erin Mills, Mississauga

$1,649,000

Detached|2-Storey
4 | 5 | 4
About this home

A Rare Opportunity In Prestigious Erin Mills! Situated On An Exceptional Premium Lot With Impressive Frontage, Expansive Front Yard And A Private Pool-Sized Backyard with Large 2-Tier decks, This Beautifully Upgraded Family Home Offers The Perfect Blend Of Luxury, Flexibility And Income Potential. Sun-Filled Principal Rooms Feature Large Windows, Hardwood Floors Throughout The Main and Upper Level And Two Walkouts To The Backyard From Both The Kitchen And Family Room, Creating An Ideal Setting For Everyday Living And Entertaining. The Upgraded Kitchen Is Equipped With Stainless Steel Appliances, Smart Wi-Fi-Enabled Features And A State-Of-The-Art Refrigerator With Integrated Media Screen. The fully renovated legal basement apartment with two units and a separate entrance is a rare and valuable asset. Thoughtfully designed with two kitchens/kitchenettes, two 3-piece bathrooms and separate laundry facilities, the lower level offers exceptional flexibility for multigenerational living, extended family accommodation or income-generating opportunities. With multiple potential living arrangements, these legal suites provide buyers with unique opportunities to significantly offset ownership costs while enhancing long-term investment value. Extensive Recent Upgrades Include New HVAC System (2022), Whole-Home Humidifier (2024), Heated Ensuite Floor, EV Charging Rough-In, New Driveway (2025) And A 5-Zone Underground Wi-Fi Enabled Sprinkler System for Front Yard and Backyard. Located In One Of Mississauga's Most Sought-After Family Communities, Surrounded By Parks, Ravines, Trails And Top-Rated Schools. Minutes To University Of Toronto Mississauga, Credit Valley Hospital, Erin Mills Town Centre, GO Transit And Major Highways. A Unique Opportunity To Own A Turnkey Home Offering Lifestyle, Space And Exceptional Long-Term Value.

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size2500-3000 sq. ft.
Property Tax$9,584
Lot Size70.85 ft x 139.72 ft
mls© NumberW13633428
Listed ByCENTURY 21 LEADING EDGE REALTY INC.

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%
$8,440
Property tax
$799
Heat allowance
$150
Housing costs
$9,389 / mo

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

Down payment20% · $329,800
25-yr amortization

Income needed

$289,000

gross annual household income

Payment at 4%
$6,939 / mo
Cash down
$329,800

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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