Available on mobile

Take Summitly with you.

Browse listings, get instant alerts, and talk to your AI concierge — all from your pocket.

Download on theApp StoreGet it onGoogle Play

Weekly market briefing

The smartest move starts here.

Curated listings, price trends, and neighbourhood insights — delivered Sunday morning.

Summitly

Your trusted partner in real estate. We help you find your perfect home, make informed decisions, and connect with expert professionals across Canada.

Coldwell Banker Summit Realty

Explore

Map SearchAll Ontario CitiesBrowse ListingsBrowse RentalsSold HomesOpen Houses

Sell & Rent

Sell Your HomeHome ValuationList Your Rental — FreeRental PricingRenting on Summitly

Resources

CalculatorsGet Pre-QualifiedNews & InsightsGuidesCompareAI ConciergeFranchise

Company

AboutWhy SummitlyContactFind a RealtorCareers — Join SummitlyFAQs
310-3100 Steeles Ave W, Vaughan, ON, L4K 3R1
905-553-8500info@summitly.ca

©2026 Summitly. All rights reserved. Coldwell Banker Summit Realty, Brokerage — RECO Registration #6018570.

Privacy PolicyTerms of UseCookiesSitemap

Listing data is provided by the Toronto Regional Real Estate Board (TRREB) via PropTx and is deemed reliable but not guaranteed. Coldwell Banker Summit Realty, Brokerage — an independently owned and operated Coldwell Banker franchise.

REALTOR® Disclosure▾

For listings in Canada, the trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

    Summitly
    Buy
    Sell
    Rent
    Pre-con
    Meet ZaraMy HomeNews & Insights
    905-553-8500
    HomeBuySell
    For sale On market 53 daysPrice drop · $80,000 off (-6.4%)

    2545 Folkway Drive

    Erin Mills·Mississauga, ON·L5L 2J9·Near Erin Mills Pkwy and Folkway Dr

    Mississauga real estate›W13167414
    • Overview
    • History
    • Details
    • Location
    • Mortgage
    • Investment
    • Comparables
    • FAQ
    Open house & tour

    3 upcoming open houses

    Drop in during an open house, or tour online — no appointment needed.

    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    • Open house
      Date TBD
      Time TBD
    Overview

    What this listing tells us

    Property description

    Welcome to this beautifully renovated 4+1 bedroom home in the highly desirable Erin Mills community, offering a perfect blend of modern upgrades, functional living space, and future income potential. Step into a bright and spacious layout featuring a separate living room, stylish laminate flooring throughout, elegant pot lights, and upgraded light fixtures that create a warm and contemporary feel. The renovated kitchen is a standout, complete with granite countertops and stainless steel appliances, ideal for both everyday living and entertaining. The finished basement currently offers one bedroom, a spacious recreation room with a wet bar and bright wide windows, ready for your customization. Enjoy outdoor living in the large private backyard featuring a hot water inground pool and backing onto peaceful green space, offering privacy and a serene setting. The property also features a Vented Modular Garage Floor, adding functionality and durability to the garage space. Located close to top amenities including Erin Mills Town Centre, Credit Valley Hospital, and University of Toronto Mississauga, as well as walking trails, parks, and easy access to Highway 403. This move-in ready home is perfect for families, investors, or buyers seeking space, style, and long-term value in a prime Mississauga location. Book your private showing today!

    Cleaned for readability — original MLS® text was lightly de-abbreviated and decapitalized.

    AI highlights by Zara
    History

    Listing, price, and tax history

    Every previous listing of this property, every list-price change, and 5 years of estimated annual property tax — switch tabs to drill in.

    DateEventStatusPriceChangeMLS®View
    Jul 21, 2026Price reducedCurrentReduced$1,169,000−$80,000 (6.4%)W13167414This page
    May 24, 2026ListedCurrentFor sale$1,249,000 —W13167414This page
    Apr 22, 2026Previously listedTer$1,249,000 —W13028878View
    Nov 21, 2024SoldSold$1,250,000+$51,000 (4.3%)W8442704View
    Jun 14, 2024Previously listedSld$1,199,000 —W8442704View
    Sourced from MLS® · includes all previous listings of this property · tap View to open the archived listing in a new tab
    Property details

    Inside this property

    Systems, finishes, room dimensions, and building information — pulled from the full MLS® feed.

    Features & systems

    Heating, cooling, parking, exterior, lot, possession, and more.

    • Systems

      4
      Heating
      Forced Air
      Air conditioning
      Central Air
      Water source
      Municipal
      Sewer
    Location & lifestyle

    Getting around, schools & the block

    Walkability and transit, the nearest schools, an interactive map of the exact spot, and what's nearby.

    📍 2545 Folkway Drive
    Financials

    The money — monthly cost, mortgage & return

    Everything financial in one place: what you'd pay each month, a live mortgage calculator at the asking price, and what it could return as a rental.

    Cost of ownership

    A monthly snapshot at typical assumptions — personalize the mortgage just below.

    Est. monthly mortgage
    $5,743
    20% down · 25y · 5.50% — adjust below ↓
    Est. monthly property tax
    $727
    0.75% mill rate · ON
    The market

    How this home sits in the Mississauga market

    Live neighbourhood stats, the closed sales you'd negotiate against, and comparable active listings.

    The Mississauga market right now

    Average sold price, days on market, and closed-transaction count for Mississauga — sourced from MLS®.

    • Avg sold price
      $978,817
      Last 30 days
    • Median sold price
      $884,000
      Middle of the market
    • Days on market
      30 d
      Avg from list to close
    • Closed last 30d
      1,533
      MLS® transactions
    Full Mississauga market report
    Buy with Coldwell Banker Summit Realty

    We'll get you into 2545 Folkway Drive — the seller pays our commission

    On every MLS® listing in Canada, the seller's brokerage pays a cooperating commission to whoever brings the buyer. Buyer representation is free to you.

    Free buyer representation · Coldwell Banker® affiliate

    $0 to you. The seller pays our fee.

    On every MLS® listing in Canada, the seller's brokerage advertises a cooperating commission for the buyer's agent. A Coldwell Banker Summit Realty agent represents you — you owe us nothing.

    Call now
    Due diligence

    Property flags & disclosures

    An automated scan of public records and news for anything a buyer should know about this specific address — liens, outstanding work orders, or stigma-related history. We never invent flags.

    Nothing concerning surfaced — all clear.

    We scanned public records and news for liens, outstanding work orders, and stigma-related history (e.g. a former grow-op or fire) at 2545 Folkway Drive and found nothing flagged. We re-check automatically as new records publish.

    Frequently asked

    Common questions about this property

    Tap a question to expand the answer. Short, direct answers tuned for AI search and voice assistants.

    • How much is 2545 Folkway Drive listed for?

      2545 Folkway Drive is listed at $1,169,000 on the MLS® (listing W13167414). The price refreshes on Summitly within minutes of any MLS® change.

    • How many bedrooms, bathrooms, and square feet does 2545 Folkway Drive have?

    Coldwell Banker Summit Realty is a RECO-licensed Ontario real estate brokerage, independently owned and operated. Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Listing data is sourced from MLS® and is provided for informational purposes only — not guaranteed accurate by the MLS® or its members. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.

  1. 4 beds
  2. 4 baths
  3. 1500-2000 sqft
  4. Detached
  5. Built 31-50
  6. Asking
    $1,169,000
    $0 / sqft · MLS® W13167414
    Chat Zara
  7. Zara AI Estimate
    Live · refreshes nightly
    Estimated value
    $1,155,004
    $1,062,604Confidence range$1,247,404
    Asking vs estimate
    ≈in-line
    +$13,996
    (+1.2%)
    Asking is in line
    Run the affordability numbers

    Based on the city's average sold price, adjusted for 4 bedrooms (no sqft on file).

    Market analytics

    Homes like this in Mississauga sell in about 30 days — this one has been listed 53 days.

    Avg sold price
    $978,817
    Median sold
    $884,000
    Avg days on market
    30
    Recently sold
    1533
    See comparable sales
    Walk through online
    Listing agent has provided a interactive tour
    Open virtual tour
    • Welcome to this beautifully renovated 4+1 bedroom home in the highly desirable Erin Mills community, offering a perfect blend of modern upgrades, functional living space, and future income potential.
    • The renovated kitchen is a standout, complete with granite countertops and stainless steel appliances, ideal for both everyday living and entertaining.
    • The finished basement currently offers one bedroom, a spacious recreation room with a wet bar and bright wide windows, ready for your customization.
    • Enjoy outdoor living in the large private backyard featuring a hot water inground pool and backing onto peaceful green space, offering privacy and a serene setting.
    Ask Zara a follow-up
    Sewer
  8. Parking & garage

    4
    Garage
    Detached
    Garage spaces
    2
    Parking spaces
    6
    Driveway
    4
  9. Interior

    4
    Basement
    Finished
    Family room
    Y
    Kitchens
    1
    Total rooms
    10
  10. Exterior & construction

    4
    Exterior
    Brick, Wood
    Roof
    Asphalt Shingle
    Foundation
    Concrete
    Pool
    Inground
  11. Lot & land

    1
    Year built
    31-50
  12. Listing & possession

    3
    Occupancy
    Flexible
    Property style
    2-Storey
    Property class
    Detached
  13. Room-by-room · 8 rooms

    Every room with its dimensions, level, and notable features.

    Room dimensions

    Main level

    4 rooms
    • Family Room
      laminate · pot lights · window
      15.3 × 10.4 ft
    • Dining Room
      ceramic floor · pot lights · w/o to yard
      10.2 × 9.6 ft
    • Kitchen
      quartz counter · stainless steel appl · pot lights
      12.1 × 11.1 ft
    • Living Room
      laminate · pot lights · window
      17.6 × 11.1 ft

    Second level

    4 rooms
    • Bedroom 2
      laminate · closet · window
      11.2 × 10.7 ft
    • Primary Bedroom
      laminate · walk-in closet(s) · 4 pc ensuite
      17.6 × 11.1 ft
    • Bedroom 4
      laminate · closet · window
      8.8 × 8.8 ft
    • Bedroom 3
      laminate · closet · window
      11.2 × 10.2 ft
    Combined estimate
    $6,470
    Mortgage + tax · before condo / insurance

    Mortgage & affordability

    Today's best Canadian rates from Mortgage Squad, then a live calculator — adjust down payment, amortization, and rate, and email yourself the report.

    Today's rates · Powered by Mortgage Squad
    350+ lender access · Best rate matched in 2 min
    Lock my rate
    • Best
      5-yr Fixed · Insured
      4.09%
      0.40% below banks
    • 5-yr Fixed · Conventional
      4.34%
      APR · OAC
    • 3-yr Fixed · Conventional
      4.49%
      APR · OAC
    • 5-yr Variable · Variable
      4.85%
      APR · OAC
    Rates indicative · Updated today · OAC, subject to underwritingSee all Mortgage Squad rates →
    Affordability calculator
    Estimated monthly payment
    $5,743
    /mo
    based on the purchase price of $1,169,000
    $233,800 cash
    $935,200 financed
    $787,684 total interest
    Monthly payment$5,743/ month
    Principal54%$935,200
    Interest46%$787,684

    20% down · 25-yr amortization · 5.50% rate. Principal & interest only — taxes, condo fees, and insurance not included.

    Email this mortgage report to yourself

    Save the full affordability breakdown — down payment, monthly, interest paid, and today's Mortgage Squad rate — in your inbox. Create a free Summitly account to save it, get rate-drop alerts, and build a shortlist.

    Create account & email meor send as guest
    Get pre-approved in minutes

    Know exactly what you can afford — a no-obligation pre-approval from Mortgage Squad.

    Get pre-approved

    Rental income & return

    What this home could rent for and the return at the asking price — an AI estimate against real property tax and condo fees.

    Est. monthly rent
    low–high
    Gross yield
    rent × 12 ÷ price
    Cap rate (est.)
    net of tax + fees

    AI estimate for discussion only — not an appraisal or investment advice. Yield and cap rate are derived from the estimated rent versus the asking price and real property tax.

    Comparable detacheds that just sold in Mississauga

    Swipe the closed sales, then use the table for a side-by-side $/sqft comparison against this home.

    • 2560 Rugby Road
      Sold
      Sign in for price
      2560 Rugby Road
      Detached
    • 250 Daphne Avenue
      Sold
      Sign in for price
      250 Daphne Avenue
      Detached
    • 6672 Mockingbird Lane
      Sold
      Sign in for price
      6672 Mockingbird Lane
      Detached
    • 5937 Rayshaw Crescent
      Sold
      Sign in for price
      5937 Rayshaw Crescent
      Detached
    • 4104 Credit Pointe Drive
      Sold
      Sign in for price
      4104 Credit Pointe Drive
      Detached
    • 5553 Wheatland Court
      Sold
      Sign in for price
      5553 Wheatland Court
      Detached
    AddressBd / BaSqftSold$/sqft% of askSold
    2545 Folkway DriveThis home4 / 415,002,000$1,169,000ask———
    2560 Rugby Road4 / 32,000—
    250 Daphne Avenue3 / 31,500—
    Sold prices are hidden under TRREB rules. Sign in to reveal them.

    More detacheds in Mississauga

    Active listings within ±20% of this asking price.

    • 177 Surbray Grove
      $1,084,900
      177 Surbray Grove
      Detached 3 4
    • 7389 Banffshire Court
      $1,129,000
      7389 Banffshire Court
      Detached 3 4
    • 3456 Riverspray Crescent
      $1,149,888
      3456 Riverspray Crescent
      Detached 3 4
    • 1466 Willowvale Gardens
      $1,199,000
      1466 Willowvale Gardens
      Detached 5 5
    • 3364 Ingram Road
      $1,099,800
      3364 Ingram Road
      Detached 3 3
    • 3679 Loyalist Drive
      $1,399,900
      3679 Loyalist Drive
      Detached 4 4
    AI-first listing data

    Zara's valuation, full price history, room insights, and live MLS® refresh — all in one feed. No more comparing 4 sites.

  14. One team, no handoffs

    Your realtor, mortgage broker, and offer-night closing team work side-by-side. One conversation, not three.

  15. Showings on YOUR schedule

    Same-day showings for shortlisted homes, evenings + weekends. Your Coldwell Banker Summit Realty agent coordinates with the listing brokerage.

  16. Mortgage that closes

    Pre-approval, rate hold, and 350+ lender access via Mortgage Squad Advisors — no juggling lender chats yourself.

  17. Public listing courtesy of RE/MAX REALTY SERVICES INC. · displayed on Summitly per MLS® data-share rules

    2545 Folkway Drive is a 4-bedroom, 4-bath, 1500-2000 sqft. Full room dimensions and floor breakdown are in the 'Rooms' section of this page.

  18. When was 2545 Folkway Drive built?

    2545 Folkway Drive was built in 31-50. Construction style, foundation, roof material, and EnerGuide rating (when published) are in the 'Features' section above.

  19. What is the property tax for 2545 Folkway Drive?

    The 'Property tax' tab in the History section shows the most recent annual tax for 2545 Folkway Drive plus a 5-year breakdown with YoY % change. Monthly equivalent is shown alongside.

  20. How much would the monthly mortgage be on 2545 Folkway Drive?

    The affordability calculator on this page shows an estimated monthly mortgage for $1,169,000 at 20% down, 25-year amortization, and 5.5% rate. Adjust the sliders to model your own down payment and rate.

  21. Has 2545 Folkway Drive been sold before?

    The 'Listing history' tab above lists every previous MLS® listing of 2545 Folkway Drive with its list date, sold price (when sold), and final status. Each row is colour-coded with price-change arrows.

  22. What neighbourhood is 2545 Folkway Drive in?

    2545 Folkway Drive is in Erin Mills, Mississauga. The 'Neighbourhood' section below links to the live Mississauga real estate hub with average sold price, days on market, and current inventory.

  23. Is Mississauga a good place to live?

    Mississauga is one of ON's actively-tracked Summitly markets. The full Mississauga real estate hub covers live average sold price, days on market, and neighbourhood-level inventory.

  24. 6672 Mockingbird Lane
    4 / 5
    2,000
    —
    5937 Rayshaw Crescent5 / 63,500—
    4104 Credit Pointe Drive4 / 42,000—
    5553 Wheatland Court4 / 42,500—