- Bedrooms
- 2
- Bathrooms
- 3
- Size
- 1,200–1,399sq ft
- Per sq ft
- $476at the range’s middle
- Tax a year
- $4,2082025 tax year
- Built
- 0-5
- Parking
- 11 underground
- Days on market
- Members
The brief
About 4-3556 Colonial Dr
4-3556 Colonial Dr is a 2-bedroom, 3-bathroom condo townhouse in Erin Mills, Mississauga, listed for sale at an asking price of $619,000 (MLS® W13870074).
Only 3 years old and highly upgraded stunning townhouse features a modern and functional open-concept layout with large windows providing abundant natural light. Freshly Painted. Most popular Skyway model. The main floor boasts wide plank engineered laminate flooring, while the upgraded kitchen is equipped with quartz countertops, a ceramic tile backsplash, and stainless steel appliances. Upstairs, the spacious master bedroom includes a 4-piece ensuite, with a second full bathroom and laundry on the second floor. Enjoy the added luxury of a private rooftop terrace, perfect for entertaining or relaxing outdoors. Located steps from shopping, eateries, Costco, Walmart, U of T, Credit Valley Hospital, and public transit. Easy access to highways and the new Ridgeway Plaza.
Insights
Condition Score
Good71/1001 documented update signal
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall39/100−$757/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 8 condos with 2 bedrooms for lease in Erin Mills right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $4,208 / 2025
- MLS® number
- W13870074
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 0-5
- Days on market
- Size
- 1200-1399 sqft
- Listed on
- Parking
- 1 Underground, 1 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- 2-Storey
- Community
- Erin Mills
- Municipality
- Mississauga
Building
- Size
- 1200-1399 sqft
- Building Age
- 0-5
- Construction
- Brick
Inside
- Bedrooms
- 2
- Bathrooms
- 3
- Bathroom Details
- 1 × 2pc Main, 1 × 3pc 2nd, 1 × 4pc 2nd
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Underground
- Garage
- 1
- Additional Parking
- 0
- Total Parking
- 1
Utilities
- Cooling
- Central Air
- Heating Type
- Forced Air
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- S/S Fridge, S/S Stove, S/S Dish Washer, S/S Built in Microwave, Clothes Washer & Dryer.
- Condo maint.
- $457
Rooms
Room details unavailable
The listing source did not provide room-level measurements or features.
Listing history
Buy/sell history for 4-3556 Colonial 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 | $619,000 | N/A | Pc | W13870074 |
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
- $123,800
- Total mortgage amount
- $495,200
- Total interest payment
- $352,000
- Total purchase cost
- $971,000
- Mortgage payment
- $2,824/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
41%Monthly carrying cost
$3,632- Rent $2,875
- Shortfall $757
Rental income opens at $2,875, the median asking rent of 8 comparable homes for lease in Erin Mills. 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
- $8,855
- Total land transfer tax
- $8,855
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $4,855
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 $619,000
- $4,380
- Ontario total
- $8,855
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 market
Condos for sale in Erin Mills right now
- For sale now
- 36
- Median asking price
- $700K
- New in 7 days
- 2
- Price cuts
- 17%
Middle half: $620K to $846K
16 in 28 days
6 listings
This home is asking 12% below the median, lower than three quarters of them.
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 |
|---|---|---|
| Winston Churchill Station | MiWay bus rapid transit: Transitway | 2 km |
| Erin Mills Station | MiWay bus rapid transit: Transitway | 3.1 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: MiWay schedule data (GTFS) from the City of Mississauga under the City of Mississauga Terms of Use, downloaded October 18, 2026. 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 |
|---|---|---|---|
| Christ The King Catholic SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 700 m | 62%Grade 6 average |
| Garthwood Park Public SchoolPeel DSB | Public · grades JK–6 | 850 m | 39%Grade 3 average |
| All Saints Catholic SchoolDufferin-Peel CDSB | Catholic · grades JK–8 · French Immersion | 950 m | 77%Grade 6 average |
| ÉÉC MississaugaConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 2.5 km | — |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Loyola Catholic Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 · French Immersion | 800 m | 58%Grade 9 math |
| Erindale Secondary SchoolPeel DSB | Public · grades 9–12 | 3.3 km | 59%Grade 9 math |
| St Aloysius Gonzaga Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 3.7 km | 68%Grade 9 math |
| École secondaire Gaétan GervaisConseil scolaire Viamonde | French-language public · grades 9–12 | 6.7 km | 85%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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Sold prices in Erin Mills are shown to signed-in members.