2893 Folkway Dr
Erin Mills, Mississauga, L5L 2H2
FOR SALE
$2,850,000

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5 + 2
BEDROOMS7
BATHROOMS1 + 1
KITCHENS8 + 4
ROOMSW12005713
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Property Description
Nestled in one of Mississauga's most sought-after neighbourhoods, 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, a spa-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.
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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
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Property Details
Street
Community
City
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
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Room Summary
Room | Level | Size | Features |
---|---|---|---|
Family | Main | 16.50' x 23.20' | Gas Fireplace, Hardwood Floor, Large Window |
Dining | Main | 12.20' x 26.02' | Combined W/Living, Access To Garage, O/Looks Backyard |
Kitchen | Main | 10.20' x 20.51' | B/I Appliances, Quartz Counter, Heated Floor |
Prim Bdrm | 2nd | 17.49' x 20.01' | Fireplace, 5 Pc Ensuite, W/I Closet |
2nd Br | 2nd | 16.99' x 22.80' | Fireplace, 4 Pc Ensuite, W/I Closet |
3rd Br | 2nd | 13.48' x 14.76' | Large Window, Large Closet, Hardwood Floor |
4th Br | 2nd | 13.48' x 14.80' | Large Window, Large Closet, Hardwood Floor |
5th Br | 2nd | 10.10' x 13.48' | Large Window, W/I Closet, Hardwood Floor |
Kitchen | Bsmt | 10.89' x 16.99' | Quartz Counter, Stainless Steel Appl, Centre Island |
Living | Bsmt | 12.01' x 20.01' | W/O To Yard, Large Window, Vinyl Floor |
Prim Bdrm | Bsmt | 14.01' x 16.90' | 4 Pc Ensuite, W/I Closet, Vinyl Floor |
2nd Br | Bsmt | 12.99' x 10.01' | Closet Organizers, Window, Vinyl Floor |
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Mississauga Market Statistics
Mississauga Price Trend
2893 Folkway Dr is a 5-bedroom 7-bathroom home listed for sale at $2,850,000, which is $1,192,500 (71.9%) 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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