2893 Folkway Dr

FOR SALE
$2,985,800
2893 Folkway Dr, Mississauga
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
2893 Folkway Dr
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2893 Folkway Dr
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2893 Folkway Dr
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5 + 2
BEDROOMS
7
BATHROOMS
1 + 1
KITCHENS
8 + 4
ROOMS
W11981631
MLSID
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Property Description
Nestled in one of Mississaugas most sought-after neighborhoods, this stunning home blends comfort,functionality, and elegance, featuring extensive millwork throughout. With five bedrooms and four bathrooms, the open-concept layout exudes warmth and sophistication, with natural light streaming through windows onto rich engineered floors. The gourmet kitchen boasts built-in high-end appliances, custom cabinetry, a large waterfall island, and statement lighting. Heated tile flooring adds luxury to the main floor and upstairs bathrooms. The primary suite offers a spacious layout, aspa-like ensuite with a walk-in shower, and deep soaking tub. The finished basement provides versatile space, including a self-contained unit with a separate entrance, kitchen, living area, two bedrooms, and two bathrooms. A professionally landscaped backyard and an interlocked wrap-around house walkway complete this exquisite property.
Listing History
List Date End Date Days Listed List Price Sold Price Status
2023-04-21 2023-05-09 18 $1,295,000 $1,260,888 Sold
2022-08-16 2022-10-31 76 $1,395,000 - Terminated
2022-05-18 2022-08-16 90 $1,495,000 - Terminated
Nearby Intersections
Property Features
Fenced Yard, Park
Property Details
Community
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
69' x 111'
Lot Irregularities
80.36x108.23
Fronting
South
Taxes
$7,185 (2024)
Basement
Apartment, Finished
Exterior
Brick, Stucco/Plaster
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Pvt Double
Garage Type
Attached
Room Summary
RoomLevelSizeFeatures
LivingMain16.50' x 23.20'Gas Fireplace, Hardwood Floor, Large Window
DiningMain12.20' x 26.02'Combined W/Living, Access To Garage, O/Looks Backyard
KitchenMain10.20' x 20.51'B/I Appliances, Quartz Counter, Heated Floor
Prim Bdrm2nd17.49' x 20.01'Fireplace, 5 Pc Ensuite, W/I Closet
2nd Br2nd16.99' x 22.80'Fireplace, 4 Pc Ensuite, W/I Closet
3rd Br2nd13.48' x 14.76'Large Window, Large Closet, Hardwood Floor
4th Br2nd13.48' x 14.80'Large Window, Large Closet, Hardwood Floor
5th Br2nd10.10' x 13.48'Large Window, W/I Closet, Hardwood Floor
KitchenBsmt10.89' x 16.99'Quartz Counter, Stainless Steel Appl, Centre Island
LivingBsmt12.01' x 20.01'W/O To Yard, Large Window, Vinyl Floor
Prim BdrmBsmt14.01' x 16.90'4 Pc Ensuite, W/I Closet, Vinyl Floor
2nd BrBsmt12.99' x 10.01'Closet Organizers, Window, Vinyl Floor
Mississauga Market Statistics
Mississauga Price Trend
2893 Folkway Dr is a 5-bedroom 7-bathroom home listed for sale at $2,985,800, which is $1,328,300 (80.1%) higher than the average sold price of $1,657,500 in the last 30 days (January 21 - February 19). During the last 30 days the average sold price for a 5 bedroom home in Mississauga declined by $2,244,460 (57.5%) compared to the previous 30 day period (December 22 - January 20) and down $139,416 (7.8%) from the same time one year ago.
Inventory Change
There were 28 5-bedroom homes listed in Mississauga over the last 30 days (January 21 - February 19), which is up 40.0% compared with the previous 30 day period (December 22 - January 20) and down 0.0% compared with the same period last year.
Sold Price Above/Below Asking ($)
5-bedroom homes in Mississauga typically sold ($135,266) (8.2%) below asking price over the last 30 days (January 21 - February 19), which represents a $279,291 increase compared to the previous 30 day period (December 22 - January 20) and ($126,720) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 5-bedroom homes in Mississauga over the last 30 days (January 21 - February 19) stood at 32.1%, up from 25.0% over the previous 30 days (December 22 - January 20) and down from 42.9% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 5-bedroom 7-bathroom home in Mississauga stood at 43 days when successfully sold over the last 30 days (January 21 - February 19), compared to 79 days before being removed from the market upon being suspended or terminated.
Listing contracted with Re/Max Millennium Real Estate
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