Detached House for sale at 2545 Folkway Drive, Mississauga, Ontario, L5L 2J9 - Erin Mills - MLS: W13028878

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2545 Folkway Drive

Mississauga, Ontario, L5L 2J9 - Erin Mills

$1,249,000

Virtual Tour

Neighbourhood

Erin Mills
Major Intersection

erin mills pkwy and folkway drive

Listed Since: 33 day(s)
Last update: 8 day(s) ago

Virtual Tour

Overview

Property Type

Detached, 2-Storey
Bedrooms

4 + 1
Bathrooms

4
Basement

Finished
Kitchen

1
Total Parking

6 (2 Detached Garage)
Lot Size

47.64x150 (Feet)
Taxes

$8,726.00 (2025)
Type

Freehold

Property Description

Property description for 2545 Folkway Drive, Mississauga

Welcome to this beautifully renovated 4+1 bedroom home in the highly desirable Erin Mills community, offering a perfect blend of modern upgrades, functional living space, and future income potential. Step into a bright and spacious layout featuring a separate living room, stylish laminate flooring throughout, elegant pot lights, and upgraded light fixtures that create a warm and contemporary feel. The renovated kitchen is a standout, complete with granite countertops and stainless steel appliances, ideal for both everyday living and entertaining. A major highlight of this property is the approved work permit for a legal 2 bedroom basement apartment with a separate side entrance, providing an excellent opportunity for additional rental income or multi-generational living. The finished basement currently offers one bedroom, a spacious recreation room with a wet bar and bright wide windows, ready for your customization. Enjoy outdoor living in the large private backyard featuring a hot water inground pool and backing onto peaceful green space, offering privacy and a serene setting. The property also features a Vented Modular Garage Floor, adding functionality and durability to the garage space. Located close to top amenities including Erin Mills Town Centre, Credit Valley Hospital, and University of Toronto Mississauga, as well as walking trails, parks, and easy access to Highway 403. This move-in ready home is perfect for families, investors, or buyers seeking space, style, and long-term value in a prime Mississauga location. Book your private showing today!

Listed by RE/MAX REALTY SERVICES INC.

Property details

MLS #

W13028878
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

31-50
Pool

Inground
Drive

n/a
Garage

Detached, 2 spaces
Total Parking

6
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

MLS #

W13028878
Sq. Ft

1500-2000
Sq. Ft. Source

MLS
Lot Irregularities

n/a
Year Built

31-50
Pool

Inground
Drive

n/a
Garage

Detached, 2 spaces
Total Parking

6
Family Room

Y
Den

Y
Exterior

Brick
Fireplace

N
Roof

Asphalt Shingle
Foundation

Concrete
Elevator

n/a
Water View

n/a
Laundry Level

n/a
Heat

Forced Air
A/C

Central Air
Water

Municipal
Water Supply

n/a
Sewers

Sewers
Central Vac

N

Kitchen

3.68 x 3.38 ft Main level

Quartz Counter, Pot Lights, Stainless Steel Appl
Dining

3.11 x 2.93 ft Main level

Ceramic Floor, W/O To Yard, Pot Lights
Family

4.66 x 3.17 ft Main level

Laminate, Window, Pot Lights
Living

5.35 x 3.37 ft Main level

Laminate, Window, Pot Lights
Primary

5.35 x 3.38 ft 2nd level

Laminate, 4 Pc Ensuite, W/I Closet
2nd Br

3.42 x 3.26 ft 2nd level

Laminate, Window, Closet
3rd Br

3.42 x 3.12 ft 2nd level

Laminate, Window, Closet
4th Br

2.68 x 2.68 ft 2nd level

Laminate, Window, Closet

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Property History

Property history for 2545 Folkway Drive, Mississauga

This property has been sold 16 times before. Create your free account to explore sold prices, detailed property history, and more insider data.

Local Real Estate Price Trends for Detached in Erin Mills

Active listings

Average Selling Price of a Detached

April 2026

$1,256,036

Last 3 Months

$1,338,535

Last 12 Months

$1,316,497

April 2025

$1,393,889

Last 3 Months LY

$1,346,707

Last 12 Months LY

$1,372,964

Change

-10%

Change

-1%

Change

-4%

Historical Average Selling Price of a Detached in Erin Mills

Average Selling Price

3 years ago

$1,357,222

Average Selling Price

5 years ago

$1,373,374

Average Selling Price

10 years ago

$900,166

Change

-7%

Change

-9%

Change

40%

Number of Detached Sold

April 2026

Last 3 Months

Last 12 Months

April 2025

Last 3 Months LY

Last 12 Months LY

Change

56%

Change

-8%

Change

-13%

How many days Detached takes to sell (DOM)

April 2026

Last 3 Months

Last 12 Months

April 2025

Last 3 Months LY

Last 12 Months LY

Change

100%

Change

124%

Change

19%

Average Selling price

Inventory Graph

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Closing Cost Calculator

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Closing Cost Total for this property

Total Cash flow for purchasing this property

Purchase Price

First time home buyer

Down Payment($)

Down Payment(%)*

Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Purchase Price

Down Payment($)

Down Payment(%)*

First time home buyer

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.