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    Mississauga / Central Erin Mills

    1607 - 4850 Glen Erin Dr

    For RentPapillon Place III Condos
    $2,700/mth
    2 Beds
    1 Bath
    1 Parking
    760 SQFT
    11 Days on Strata
    Est Lease Timeframe
    14 Days

    Listing History

    Unit Highlights

    Possession Date:
    November 10, 2024
    Lease Term:
    1 Year
    Property Type:
    Condo
    Utilities Included:
    No
    Outdoor Space:
    Balcony
    Furnished:
    No
    Exposure:
    South
    Locker:
    Owned
    Laundry:
    Ensuite
    Renter's Market
    Balanced
    Landlord's Market

    Utilities Included

    Rent Includes
    Heat
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Room dimensions are not available for this listing.

    About this Listing

    This bright and spacious 2-bedroom unit features a popular split-bedroom layout and offers a panoramic view of park from the south-facing windows. The kitchen is equipped with granite countertops and a stylish ceramic backsplash. Additional perks include a locker and parking space for added convenience. Located just a short walk to Erin Mills Town Centre, supermarkets, restaurants, banks, a community center, library, and hospital. Public transit options are easily accessible, as well as top-rated schools like John Fraser and St. Aloysius Gonzaga. With quick access to Highways 403, 407, and 401, commuting is a breeze. The building offers a host of outstanding amenities, including 24-hour concierge service, an indoor pool, hot tub, sauna, gym, party/meeting room, a rooftop deck with BBQ facilities, visitor parking, and much more! A perfect blend of comfort & convenience.

    homelife landmark realty inc.MLS® #W10421032

    Amenities

    Visitor Parking
    Games Room
    Indoor Parking
    Sauna
    Gym Room
    Car Wash

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,389
    Average Individual Income
    $57,605
    Average Household Size
    3 persons
    Average Age
    38
    Average Household Income
    $114,469
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    26%
    35 - 49
    19%
    50 - 64
    21%
    65+
    15%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    30%
    $60,000+
    16%
    $90,000+
    6%
    $125,000+
    1%
    Housing Types & Tenancy
    Detached
    44%
    Semi Detached
    44%
    Low Rise Apartment
    6%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    75%
    Other
    9%
    Punjabi
    8%
    Tagalog
    2%
    Spanish
    2%
    Urdu
    2%
    Hindi
    1%
    Gujarati
    1%
    Education
    High School
    32%
    University and Above
    23%
    College
    19%
    None
    17%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    22%
    Social Sciences
    11%
    Health & Related Fields
    9%
    Humanities
    5%
    Math & Computer Sciences
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    Papillon Place III Condos vs The Central Erin Mills Area

    Building Trends At Papillon Place III Condos

    Days on Strata

    Units at Papillon Place III Condos spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Central Erin Mills

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 46 condos in the Central Erin Mills area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    19
    Units were Rented over the past twelve months

    Best Value Rank

    Papillon Place III Condos offers the
    ?
    best value out of 46 condos in the Central Erin Mills neighbourhood

    Appreciation Rank

    Papillon Place III Condos has the
    ?
    highest ROI out of 46 condos in the Central Erin Mills neighbourhood

    Rental Yield

    Papillon Place III Condos yields the
    ?
    highest rent prices out of 46 condos in the Central Erin Mills neighbourhood

    High Demand

    Papillon Place III Condos is the
    ?
    most popular building out of 46 condos in the Central Erin Mills neighbourhood

    Transaction Insights at 4850 Glen Erin Drive

    1 Bed1 Bed + Den2 Bed
    Price Range$510,000 - $527,000$538,000 - $575,000$600,000 - $750,000
    Avg. Cost Per Sqft$852$907$813
    Avg. Wait for Unit Availability86 Days123 Days65 Days
    Ratio of Units in Building29%19%54%

    Transactions vs Inventory

    Total number of units listed and leased in Central Erin Mills