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    Mississauga / Central Erin Mills

    708 - 4640 Kimbermount Ave

    For SaleErin Mills Terrace Condos
    $558,000
    2 Beds + 1
    2 Bath
    2 Parking
    1,430 SQFT
    7 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $1,639/mth
    Taxes:
    $3,332 (2024)
    Cost Per Sqft:
    $390/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South East
    Possession Date:
    30 days / TBA
    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

    Living
    Laminate, Walkout To Balcony, Built-in Bookcase
    14.47 x 11.98ft
    Dining
    Laminate, Picture Window, Open Concept
    10.99 x 10.83ft
    Kitchen
    Ceramic Floor, Built-in Dishwasher, Family Size Kitchen
    12.96 x 10.99ft

    About this Listing

    Adult Lifestyle 65+ Spacious Corner Suite. 1430 Sq ft of Living Space With 2 Bedrooms Plus Den, 2 Bathrooms, 2 Large Balconies, 2 Side by Side Parking Spaces and 2 Side By Side Lockers In The Very Desirable Erin Mills Terrace Boutique Building! This Lovely Suite Provides Comfort & Functionality With Beautiful Unobstructed Views. It Offers A Bright Open Concept Layout Equipped With Custom B/I Cabinetry And Closets, A Large Sunlit Kitchen With A full Wall of Windows Overlooking Treetops And A Den That Is Perfect For A Home Study. This Home Has A Spacious Dining Room Combined With An Elegant Living Room! Amenities include Salt Water Indoor Pool, Fitness Rm, Theatre, Party Rm and Social Clubs! A Perfect Location Close To Essential Retail And Services Including Erin Mills Town Centre, Credit Valley Hospital, Transit, Dining and HWYS. Enjoy This Boutique Building with Only 64 Units. The Perfect Move For Active Mature Adults!

    ExtrasExtra Amenities: Renaissance Dining Room, Beauty Salon, Fitness Pub, Theatre, Indoor heated Salt Water Pool, Shuttle Bus Etc. Enjoy This Resort Worry Free Lifestyle.

    sutton group - summit realty inc.MLS® #W10425141

    Amenities

    Concierge
    Security System
    Indoor Parking
    Gym Room
    Media Room
    Rec 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!'

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    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

    29th
    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 Days299 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