Skip to main
    Mississauga / Central Erin Mills

    PH 3 - 4850 GLEN ERIN Dr

    For SalePapillon Place III Condos
    $699,000
    2 Beds
    2 Bath
    1 Parking
    947 SQFT
    34 Days on Strata
    Est Sell Timeframe
    10 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $765/mth
    Taxes:
    $3,138 (2024)
    Cost Per Sqft:
    $738/sqft
    Locker:
    Owned
    Outdoor Space:
    None
    Exposure:
    North East
    Possession Date:
    Flexible
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

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

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    14.11 x 7.87ft
    Dining
    20.41 x 10.01ft
    Living
    20.41 x 10.01ft

    About this Listing

    Immediate possession available in this rarely offered PENTHOUSE unit in prestigious Papillon Palace!. Fantastic corner unit with beautiful views of the City and park views. The unit also includes a parking spot and a locker. Papillon Palace offers top-notch amenities: an indoor pool, sauna, 2 party rooms, a games/billiard area, an outdoor deck/BBQ area, and a gym. Located a short distance away from Erin Mills Town Centre and close to all amenities like grocery stores, pharmacy, restaurants and more! Don't miss out on this opportunity to experience low maintenance condo living

    re/max escarpment realty inc.MLS® #W9507606

    Amenities

    Sauna
    Gym Room
    Visitor Parking
    Rooftop Deck
    Games Room
    Security System

    Explore Neighbourhood

    7/10
    Walkability
    It's a 'sometimes you feel like a nut, sometimes you don't' kind of walkability.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    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

    Papillon Place III Condos vs The Central Erin Mills Area

    Building Trends At Papillon Place III Condos

    Days on Strata

    Units at Papillon Place III Condos spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

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

    Turnover of Units

    On average, each unit is owned for
    5.9
    YEARS before being sold again

    Property Value

    -1%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    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

    19
    Units were Rented over the past twelve months

    Best Value Rank

    Papillon Place III Condos offers the
    ?
    best value out of 46 condos in the Central Erin Mills neighbourhood

    Appreciation Rank

    Papillon Place III Condos has the
    ?
    highest ROI out of 46 condos in the Central Erin Mills neighbourhood

    Rental Yield

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

    High Demand

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

    Transaction Insights at 4850 Glen Erin Drive

    1 Bed1 Bed + Den2 Bed
    Price Range$510,000 - $527,000$538,000 - $575,000$600,000 - $750,000
    Avg. Cost Per Sqft$852$907$813
    Avg. Wait for Unit Availability86 Days123 Days65 Days
    Ratio of Units in Building29%19%54%

    Transactions vs Inventory

    Total number of units listed and sold in Central Erin Mills