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    Mississauga / Central Erin Mills

    605 - 4640 Kimbermount Ave

    For SaleErin Mills Terrace Condos
    $409,900
    1 Bed + 1
    1 Bath
    1 Parking
    716 SQFT
    17 Days on Strata
    Est Sell Timeframe
    10 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $817/mth
    Taxes:
    $2,160 (2024)
    Cost Per Sqft:
    $572/sqft
    Locker:
    Exclusive
    Outdoor Space:
    Balcony
    Exposure:
    West
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Water
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Electric
    Heating
    Heat Pump

    Room Dimensions

    Kitchen
    Breakfast Bar, Ceramic Floor
    10.43 x 10.11ft
    Living
    Walkout To Balcony, Laminate
    13.58 x 12.89ft
    Den
    Laminate, Combined with Dining
    9.02 x 7.74ft

    About this Listing

    Probate complete, available for quick possession. 1 Bedroom plus Den/Bedroom and Balcony. Boutique Seniors Condo, only 64 Units! Superb Retirement Living . Rare unit with fully separate Den currently used as a dining room. A very warm & inviting community in an Ideal Location! This popular 716 sq ft floor plan maximizes the use of space while providing comfort and functionality. There is a bright Open Concept Layout with not only 1 bedroom but a separate den that could be a great spot for a guest bed or office! Large Bright open kitchen. Close to amenities: including Erin Mills Town Centre, Credit Valley Hospital, Mississauga Transit, Shops, Restaurants and Highways. Owner resident required to be 65 yrs or more. A live-in caregiver, companion or spouse could be under 65 with board approval .

    re/max professionals inc.MLS® #W11885791

    Amenities

    Media Room
    Party Room
    Concierge
    Indoor Parking
    Security System
    Games Room

    Explore Neighbourhood

    6/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    6/10
    Transit
    You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
    4/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    7,389
    Average Individual Income
    $57,605
    Average Household Size
    3 persons
    Average Age
    38
    Average Household Income
    $114,469
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    26%
    35 - 49
    19%
    50 - 64
    21%
    65+
    15%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    30%
    $60,000+
    16%
    $90,000+
    6%
    $125,000+
    1%
    Housing Types & Tenancy
    Detached
    44%
    Semi Detached
    44%
    Low Rise Apartment
    6%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    75%
    Other
    9%
    Punjabi
    8%
    Tagalog
    2%
    Spanish
    2%
    Urdu
    2%
    Hindi
    1%
    Gujarati
    1%
    Education
    High School
    32%
    University and Above
    23%
    College
    19%
    None
    17%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    28%
    Architecture & Engineering
    22%
    Social Sciences
    11%
    Health & Related Fields
    9%
    Humanities
    5%
    Math & Computer Sciences
    5%
    Personal, Protective & Transportation Services
    4%
    Physical Sciences
    4%
    Education
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Maintenance Fees

    Erin Mills Terrace Condos vs The Central Erin Mills Area

    Building Trends At Erin Mills Terrace Condos

    Days on Strata

    Units at Erin Mills Terrace Condos spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Central Erin Mills

    Turnover of Units

    On average, each unit is owned for
    4.8
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    30th
    Highest price per SQFT out of 46 condos in the Central Erin Mills area

    Sold Units

    9
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    Erin Mills Terrace Condos offers the
    ?
    best value out of 46 condos in the Central Erin Mills neighbourhood

    Appreciation Rank

    Erin Mills Terrace Condos has the
    ?
    highest ROI out of 46 condos in the Central Erin Mills neighbourhood

    Rental Yield

    Erin Mills Terrace Condos yields the
    ?
    highest rent prices out of 46 condos in the Central Erin Mills neighbourhood

    High Demand

    Erin Mills Terrace Condos is the
    ?
    most popular building out of 46 condos in the Central Erin Mills neighbourhood

    Transaction Insights at 4640 Kimbermount Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price Range$400,000 - $480,000No Data$473,000 - $575,000No Data
    Avg. Cost Per Sqft$581No Data$588No Data
    Avg. Wait for Unit Availability209 Days318 Days77 Days1306 Days
    Ratio of Units in Building21%21%54%5%

    Transactions vs Inventory

    Total number of units listed and sold in Central Erin Mills