2105 Folkway Drive, Mississauga, ON
Erin Mills, Mississauga · MLS® W13648904
About this home
In short
- In The Heart Of Erin Mills, Close To Parks, Trails, Schools, Shopping & Major Highways.
- All Brick Detached Beauty With Back To Greenspace, Surrounded By A Ravine & Parks.
- Private Backyard With An Inground Pool With All Major Equipment Changed.
- Separate Entrance To A Finished 2 Bedrooms Basement.
Location!!! In The Heart Of Erin Mills, Close To Parks, Trails, Schools, Shopping & Major Highways. All Brick Detached Beauty With Back To Greenspace, Surrounded By A Ravine & Parks. Private Backyard With An Inground Pool With All Major Equipment Changed. Whole Property recent Upgraded, Pot Lights Through The Whole Property, Cozy Fireplace, Perfect For Your Family Life. Separate Entrance To A Finished 2 Bedrooms Basement. Lots Of Living Space Or Rent Basement For Extra Income. Amazing Family Neighborhood!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- W13648904
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500 sq ft
- Lot
- 40 × 120 ft
- Cross streets
- Erin Mills/Folkway
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $8,343 / 2025
- Days on market
- 45
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
laminate · window
hardwood floor · large closet · large window
hardwood floor · fireplace
laminate · window
hardwood floor · combined w/living
laminate · window
hardwood floor · large closet · large window
laminate · window
ceramic floor · modern kitchen
ceramic floor · w/o to yard
hardwood floor · combined w/dining
hardwood floor · 4 pc ensuite · large window
Listed at $1,360,000. Going by how homes in Erin Mills have actually closed against their asking prices (about 98%, 40 local closings in 90 days), the likely sale price is near $1.34M, if it sells. A realistic range is $1.25M to $1.51M.
Independent value check: $1.25M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.17M and $1.31M).
Why $1.25M. The typical detached home sold in Erin Mills over the past year went for about $1.21M (162 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $8,343 a year; the typical home sold here pays about $7,300.
Longer on the market than typical. 45 days on the market against about 29 for homes like it here, and asking 9% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $1.34M, from 40 recent closings in this pocket.
The market behind the math:
About 2.4 months of inventory: 32 detached homes for sale in the area against 40 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $604/sqft against an area asking average of $605/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Erin Mills: 23 of the 149 detached leases here lately were basement units, around $1,800 a month. That makes the suite real income. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Mississauga.
- Park / green-space backing. This home is described as backing onto a ravine or green setting, and the listing says so too. That privacy is priced into the comparison. What is actually behind the fence, and how the lot sits against it, is my in-person call.
- Inground pool. Priced into the comparison on the assumption it is clean and modern. A pool costs more to build than resale pays back, and condition is the in-person call.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 40 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.36M. Condition and finishes remain an in-person call.
What the listing highlights5 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits. Worth verifying
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($604/sqft) is in line with the area, so you are paying for extra space rather than a premium.
Based on 40 comparable homes that sold in Erin Mills over the past two years, from 324 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $627/sqft; this home lists at $604/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Erin Mills, Mississauga, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Mississauga.
Get the full neighbourhood report (schools, parks, transit & safety) →
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $1,088,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,955
- Property tax
- $695
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,651
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,675
- Estimated closing costs
- $23,675
Plus your down payment of $272,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $357,326
- Principal paid down
- $134,523
- Interest paid
- $222,803
- Balance remaining
- $953,477
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
The suite is real income here: basements rent in Erin Mills (23 of 149 recent detached leases were basement units, around $1,800 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,800 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 49 whole-home leases in Erin Mills signed at a median of $4,286 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,386. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.