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$630K · 2 bed Condo Townhouse · Central Erin Mills, Mississauga | MyPropertyScout

$629,900

Unit 97

22TenantOccupied

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⚡ Insider Deal

↓ $20,000Price Reduced

$629,900

DOM81days

Unit 97

2891 Rio Court · Mississauga · Ontario L5M 0S3

MLS® W12958358 · Central Erin Mills · L5M 0S3

22TenantOccupied1000-1199 ft²Condo TownhouseNone81d$573/ft²$3,732 tax/yrBuilt 201313 yrs old

81 days on market

About this home

Fabulous 2-Bedroom Stacked Townhouse in the highly sought-after Central Erin Mills community! This bright and functional home features a large eat-in kitchen with ample cabinetry and counter space, perfect for everyday living. The open concept living and dining area is filled with natural light and offers a 3-panel patio door leading to a charming Juliette balcony. A convenient 2-piece powder room completes the main level. Upstairs, you'll find 2 generously sized bedrooms, a 4-piece bathroom, se…

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Property details

MLS#: W12958358
Status: Buy Now
Beds: 2
Baths: 2 full, 0 half
Size: 1000-1199
Style: Stacked Townhouse
Type: Condo Townhouse
Year built: —

Property features: Hospital, Library, Public Transit, Rec./Commun.Centre, School

Condo corp #: 948
Balcony: Open
Locker: None
Association amenities: Visitor Parking
Fees include: Parking Included, Common Elements Included, Water Included
Pets: Yes-with Restrictions

Garage: None
Garage spaces: 0
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Erin Centre/Eglinton
Basement: None
Stories: 2
Utilities: —
Laundry: Ensuite
Interior: None
Parking features: Surface

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: 51SELLHOME INC.

Source: TRREB/PROPTX · MLS® W12958358

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$630K

Unit 97 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $629,900✓ $3,732 tax✓ Gas✓ 1000-1199 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,207/mo

incl. closing costs (yr 1)

Annual total

$62,485

year 1

Mortgage only

$2,390/mo

principal + interest

Beyond mortgage

$1,603/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$125,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$311/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~1,100 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,299/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$28/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$9,073

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)46% $28,676/yr

Property taxes20% $12,805/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance10% $6,299/yr

Condo fees6% $4,045/yr

Closing costs8% $5,100/yr

Mortgage is 46% of your true cost of ownership. The other 54% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,676	$2,390/mo
Government & taxes
Property tax	$3,732	$311/mo
Land transfer tax(closing)	$9,073	$756/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,299	$525/mo
Condo fees
Condo / HOA fees	$4,045	$337/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$62,485	$5,207/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 97

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

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Annual costs