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    Erin Mills

    55 - 2205 South Millway

    $924,9003 bds4 ba2 pk1,600 - 1,799 sqft
    For Sale2205 South Millway Townhomes
    68 Days on Strata
    Est Sell Timeframe:
    11 Days
    $924,900
    Price Cut: $949,900
    3 Beds
    4 Bath
    2 Parking
    1,600 - 1,799 SQFT

    Listing History

    Details

    Ownership Type:

    Condominium

    Property Type:

    Townhouse

    Maintenance Fees:

    $465/mth

    Taxes:

    $4,014 (2024)

    Cost Per Sqft:

    $514 - $578/sqft

    Outdoor Space:

    None

    Locker:

    None

    Exposure:

    South

    Possession Date:

    March 28, 2025

    Laundry:

    Ensuite

    Amenities

    BBQs Allowed
    Indoor Parking
    Visitor Parking
    Outdoor Pool

    About this Listing

    Very low maintenance fees. Spacious family-sized townhouse, perfectly situated in Erin Mills. Large bedrooms, large family room with gas fireplace and walkout to a large deck, finished basement, 4 washrooms, the list goes on. Meticulously maintained. Minutes to 403, QEW, UTM, shopping, the list goes on. One of the few complexes to have condo fees continuously decreasing. The complex offers an outdoor swimming pool, a park space, and lots of visitor parking. This home won't disappoint. Move-in-ready.

    ExtrasAll Existing Appliances, Window Coverings, Light Fixtures

    re/max realty specialists inc.MLS® #W11962197

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Parking
    Building Maintenance
    Building Insurance
    Not Included
    Hydro
    Heat
    Air Conditioning
    Water

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    Gas

    Heating

    Forced Air

    Room Dimensions

    Kitchen

    Breakfast Area

    24.28 x 7.64ft

    Dining

    14.11 x 9.68ft

    Family

    Gas Fireplace, Walkout To Yard

    16.73 x 11.48ft

    Primary

    4 Piece Ensuite

    17.39 x 11.48ft

    2nd Bedroom

    17.39 x 11.48ft

    3rd Bedroom

    9.35 x 9.19ft

    Rec

    0 x 0ft
    Buyer's Market
    Balanced
    Seller's Market

    Similar Listings

    Explore Erin Mills

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    7/10
    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.
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Mortgage Calculator

    Demographics

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

    Population
    16,222
    Average Individual Income
    $61,371
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $108,609
    Dominant Housing Type
    Semi Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    24%
    35 - 49
    20%
    50 - 64
    21%
    65+
    17%
    Household Income
    $0 - $30,000
    43%
    $30,000+
    29%
    $60,000+
    16%
    $90,000+
    7%
    $125,000+
    2%
    Housing Types & Tenancy
    Semi Detached
    37%
    Detached
    30%
    High Rise Apartment
    18%
    Low Rise Apartment
    10%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    80%
    Other
    10%
    Punjabi
    5%
    Tagalog
    1%
    Spanish
    1%
    Hindi
    1%
    Mandarin
    1%
    Urdu
    1%
    Education
    High School
    31%
    University and Above
    23%
    College
    20%
    None
    17%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    21%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    6%
    Personal, Protective & Transportation Services
    5%
    Humanities
    5%
    Education
    4%
    Physical Sciences
    3%
    Visual & Performing Arts
    3%

    Building Trends At 2205 South Millway Townhomes

    Days on Strata

    Units at 2205 South Millway Townhomes spend an average of
    61
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    below
    the list price.

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    9.8
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    N/A
    Highest price per SQFT out of 45 condos in the Erin Mills area

    Sold Units

    1
    Units were Sold over the past twelve months

    Rented Units

    2
    Units were Rented over the past twelve months

    Best Value Rank

    2205 South Millway Townhomes offers the
    ?
    best value out of 45 condos in the Erin Mills neighbourhood

    Appreciation Rank

    2205 South Millway Townhomes has the
    ?
    highest ROI out of 45 condos in the Erin Mills neighbourhood

    Rental Yield

    2205 South Millway Townhomes yields the
    ?
    highest rent prices out of 45 condos in the Erin Mills neighbourhood

    High Demand

    2205 South Millway Townhomes is the
    ?
    most popular building out of 45 condos in the Erin Mills neighbourhood

    Market Insights

    Transaction Insights at 2205 South Millway Townhomes

    2 Bed2 Bed + Den3 Bed3 Bed + Den
    Price RangeNo DataNo Data$825,000No Data
    Avg. Cost Per SqftNo DataNo Data$501No Data
    Avg. Wait for Unit Availability484 DaysNo Data127 Days605 Days
    Ratio of Units in Building14%4%67%17%

    Market Inventory

    Total number of units listed and sold in Erin Mills