3421 Ridgeway Drive Unit 5, Mississauga

Price: $2,600

2 bedrooms, 3 bathrooms

1,200 sq ft

Property Type: Condo

MLS#: W12785214

Available for lease from April 1, is this upper-level stacked townhouse in the desirable Erin Mills community, perfectly situated on Ridgeway Drive. Offering a modern layout and an unbeatable location, this two-bedroom, three-bathroom home is ideal for professionals or small families looking for a low-maintenance living.The main level features a bright, open-concept design with a spacious kitchen overlooking the combined breakfast and family area. This level also includes a convenient powder room and a private balcony. Upstairs, you'll find a generously sized primary bedroom complete with a private 3-piece ensuite. The second bedroom is also a good size with its own closet and access to a shared 4-piece bathroom, with a tub. Laundry is located on this level for added ease.What truly sets this home apart is the stunning large rooftop patio. This is an incredible outdoor retreat and the perfect space to host in the summer or simply relax and enjoy the open air.Located just minutes from Highway 403/ 407, Ridgeway Plaza, the GO-station, public transit, Credit Valley Hospital, shopping, dining, and more. This is a fantastic opportunity to live in one of Mississauga's most sought-after communities. Included: one underground parking spot & internet!

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$2,600 - 3421 Ridgeway Drive Unit 5, Mississauga

Condo for Sale in Mississauga

2Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12785214
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
2
Bathrooms
3
Square Feet
1,200 sqft
City
Mississauga
Locker
None
Exposure
South
Balcony
Terrace
Listing Brokerage
RIGHT AT HOME REALTY
Description

Available for lease from April 1, is this upper-level stacked townhouse in the desirable Erin Mills community, perfectly situated on Ridgeway Drive. Offering a modern layout and an unbeatable location, this two-bedroom, three-bathroom home is ideal for professionals or small families looking for a low-maintenance living.The main level features a bright, open-concept design with a spacious kitchen overlooking the combined breakfast and family area. This level also includes a convenient powder room and a private balcony. Upstairs, you'll find a generously sized primary bedroom complete with a private 3-piece ensuite. The second bedroom is also a good size with its own closet and access to a shared 4-piece bathroom, with a tub. Laundry is located on this level for added ease.What truly sets this home apart is the stunning large rooftop patio. This is an incredible outdoor retreat and the perfect space to host in the summer or simply relax and enjoy the open air.Located just minutes from Highway 403/ 407, Ridgeway Plaza, the GO-station, public transit, Credit Valley Hospital, shopping, dining, and more. This is a fantastic opportunity to live in one of Mississauga's most sought-after communities. Included: one underground parking spot & internet!

Neighbourhood Guide: Mississauga

Discover Mississauga

Mississauga is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.

Why Live in Mississauga

  • Convenient location in Mississauga
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

Transit & Commuting

  • MiWay bus routes throughout the area
  • GO Transit stations within driving distance
  • Easy highway access to 401/403/QEW
  • Walking distance to local amenities

Parks & Amenities

  • Local parks and recreational facilities
  • Community centres
  • Shopping plazas nearby
  • Restaurants and cafes

Lifestyle & Community

Mississauga offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.

70
Walk Score
Varies
Price Range

3421 Ridgeway Drive Unit 5, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,520/mo
Range: $2,142 - $2,898
Cap Rate (ROI)
801.7%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$2,520
Maintenance Fees-$780
Property Tax (est.)-$2
Insurance (est.)-$1
Net Cash Flow+$1,737

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $2/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

Mississauga Market Insight

Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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