2332 Folkway Dr
Erin Mills, Mississauga, Ontario L5L 3B6
- Bedrooms
- 4+2
- Bathrooms
- 4
- Size
- 2,000–2,500sq ft
- Per sq ft
- $636at the range’s middle
- Lot
- 50.08 x 120.19 ft
- Tax a year
- $8,0232025 tax year
- Parking
- 62 attached
- Days on market
- Members
The brief
About 2332 Folkway Dr
2332 Folkway Dr is a 4+2-bedroom, 4-bathroom detached house in Erin Mills, Mississauga, listed for sale at an asking price of $1,429,900 (MLS® W13854374).
Nestled within Erin Mills' highly coveted Sawmill Valley community, 2332 Folkway Drive is a modernized, turnkey detached property that masterfully balances sophisticated style w/ everyday functionality. Spanning roughly 3,582 SF of total living space, this meticulously renovated 4+2bedroom, 4-bathroom home with copious natural light presents an open-concept main floor, w/ a stunning cathedral ceiling in the living room, designed for both effortless family life &upscale entertaining. The bespoke kitchen, designed w/ the amateur chef in mind, features sleek quartz countertops, premium stainless steel appliances including a 36" gas range, & an eat-in breakfast bar overlooking the lush garden. The sunny family room, complete with a gas fireplace is ideal for both quality time & casual entertaining, w/ direct double-door access to the private backyard. Upstairs, the primary bedroom serves as a unique, two-storey sanctuary anchored by a lavish, oversized spa-style ensuite bath, a large walk-in closet, and several windows, making this one of the highlights of the home. The lower level continues to impress w/a spacious rec room & above-grade windows, a sizeable home gym, and a guest bedroom complete with an ensuite bath and heated floors. Outside, you will find professionally landscaped grounds w/ a dual-zone irrigation system & treed private enclave ideal for al fresco dining. Located just steps away from top-tier schools including UTM, shopping, highways 403, 407 & QEW, the Erindale GO Station, Credit Valley Hospital, not to mention abundant walking trails &parks, this home truly has it all, and more.
Insights
Condition Score
Good78/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall41/100−$1,393/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 detached homes with 6 bedrooms for lease in Mississauga right now. Cost of owning counts the mortgage and property tax.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $8,023 / 2025
- MLS® number
- W13854374
- Board
- TRREB MLS®
- Property Type
- Detached
- Days on market
- Size
- 2000-2500 sqft
- Lot Size
- 50.08 x 120.19 ft
- Listed on
- Parking
- 2 Attached, 6 Parking
Property details
Property
- Property Type
- Detached
- Style
- Backsplit 5
- Community
- Erin Mills
- Municipality
- Mississauga
Building
- Size
- 2000-2500 sqft
- Construction
- Brick
Inside
- Bedrooms
- 4+2
- Bathrooms
- 4
- Bathroom Details
- 1 × 2pc Main, 1 × 4pc 2nd, 1 × 5pc 2nd, 1 × 4pc Bsmt
- Basement Type
- Full
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Garage
- 2
- Additional Parking
- 4
- Total Parking
- 6
Utilities
- Water
- Municipal
- Cooling
- Central Air
- Heating Type
- Forced Air
Land
- Sewer
- Sewers
- Frontage
- 50.08 ft
- Depth
- 120.19 ft
- Lot Size
- 50.08 x 120.19 ft
Additional
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Fireplace
- Yes
- Pool
- None
- Den
- Yes
- Family room
- Yes
- Extras
- S/S Fridge, S/S Stove, S/S Dishwasher, B/I Microwave, Washer, Dryer, All Elf's, Window Coverings, Sprinkler system, Garden Shed, Custom window coverings, A/C & Funrance (Both under 5years) & GDO(s)
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Foyer | 2.34 × 4.66 m | Tile Floor, Closet | Main |
| Living | 3.38 × 5.47 m | Cathedral Ceiling, hardwood floor, Large Window | Main |
| Dining | 3.91 × 3.7 m | Combined W/Living, hardwood floor, Bow Window | Main |
| Kitchen | 3.38 × 5.25 m | Breakfast Area, Stainless Steel Appl, Quartz Counter | Main |
| Family | 6.84 × 3.46 m | Gas Fireplace, Pot Lights, W/O To Patio | Main |
| Laundry | 2.28 × 2.92 m | Access To Garage, Laundry Sink, Side Door | Main |
| Primary | 4.68 × 7.35 m | 5 Pc Ensuite, Raised Rm, W/I Closet | Upper |
| 2nd Br | 3.18 × 4.22 m | Window, hardwood floor, Closet | Upper |
| 3rd Br | 3.13 × 3.94 m | Window, hardwood floor, Closet | Upper |
| 4th Br | 3.18 × 3.48 m | Window, hardwood floor, Closet | Upper |
| Br | 3.33 × 5.33 m | 4 Pc Ensuite, Vinyl Floor, Above Grade Window | Lower |
| Rec | 3.33 × 8.74 m | Vinyl Floor, Above Grade Window | Lower |
| Exercise | 7.03 × 4.51 m | Vinyl Floor, Pot Lights | Lower |
Listing history
Buy/sell history for 2332 Folkway Dr, Mississauga, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $1,429,900 | N/A | For Sale | W13854374 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $285,980
- Total mortgage amount
- $1,143,920
- Total interest payment
- $813,280
- Total purchase cost
- $2,243,180
- Mortgage payment
- $6,524/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
37%Monthly carrying cost
$7,193- Rent $5,800
- Shortfall $1,393
Rental income opens at $5,800, the median asking rent of 7 comparable homes for lease in Mississauga. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $25,073
- Total land transfer tax
- $25,073
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $21,073
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $1,429,900
- $20,598
- Ontario total
- $25,073
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Lot
- Lot area
- 6,019 sq ft559 m²
- Street frontage
- 50.08 ft15.3 m
- Depth
- 120.19 ft36.6 m
The area is the frontage multiplied by the depth, so boundaries are approximate. Confirm with a survey before you buy.
Source: the MLS® listing record, measured by GeoWarehouse.
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation4
- Not in Credit Valley Conservation’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m2 test or monitoring holes also recorded.250 m
- Groundwater recorded about 11.6 m below ground nearbyThe middle water level in the well records within 500 m (17 records). It changes with the season and from spot to spot.500 m
Credit Valley Conservation · Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is ADM Agri-Industries Company — ADM AGRI-INDUSTRIES - ADM Milling Co. - Mississauga, 2.3 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at this locationFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (10 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.At the address
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Credit Valley Conservationor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under Credit Valley Conservation Open Data Licence v1.0.
The market
Detached homes for sale in Erin Mills right now
- For sale now
- 62
- Median asking price
- $1.35M
- New in 7 days
- 7
- Price cuts
- 24%
Middle half: $1.14M to $1.73M
29 in 28 days
15 listings
This home is asking 6% above the median.
See all homes in Erin MillsAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Map and tour
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Erin Mills Station | MiWay bus rapid transit: Transitway | 850 m |
| Winston Churchill Station | MiWay bus rapid transit: Transitway | 2.2 km |
| Erindale GO | GO Transit train: Milton | 2.3 km |
| Streetsville GO | GO Transit train: Milton | 2.9 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; MiWay schedule data (GTFS) from the City of Mississauga under the City of Mississauga Terms of Use, downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. MiWay's schedule data is publicly available from the City of Mississauga under its Terms of Use.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Sawmill Valley Public SchoolPeel DSB | Public · grades JK–6 | 750 m | 84%Grade 3 average |
| St Mark Separate SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 850 m | 83%Grade 6 average |
| St Clare SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 1.1 km | 71%Grade 6 average |
| ÉÉC Saint-Jean-BaptisteConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–8 | 2.2 km | 76%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| St Aloysius Gonzaga Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 2.3 km | 68%Grade 9 math |
| John Fraser Secondary SchoolPeel DSB | Public · grades 9–12 | 2.3 km | 82%Grade 9 math |
| Erindale Secondary SchoolPeel DSB | Public · grades 9–12 | 2.5 km | 59%Grade 9 math |
| ÉSC Sainte-FamilleConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 8.3 km | 67%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
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