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501 - 4850 Glen Erin Drive
For SalePapillon Place III CondosEst Sell Timeframe 5 Days
$529,900
1 Bed
1 Bath
1 Parking
612 SQFT
23 Days on Strata
Listing History
Unit Highlights
Property Type:
Condo
Cost Per Sqft:
$866/sqft
Maintenance Fees:
$519/mth
Taxes:
$2,274 (2023)
Locker:
Owned
Outdoor Space:
Balcony
Exposure:
North
Possession Date:
30 days/TBA
Buyer's Market
Balanced
Seller's Market
Maintenance Fees
Included
Heat
Air Conditioning
Water
Parking
Building Maintenance
Building Insurance
Excluded
Hydro
Unit Details
- Air Conditioning
- Central Air
- Heat Source
- Gas
- Heating
- Forced Air
- Ensuite Laundry
- Yes
Room Dimensions
Living
Combined with Dining, Laminate, Walkout To Balcony
15.29 x 10.2ft
Dining
Combined with Living, Laminate, Open Concept
15.29 x 10.2ft
Kitchen
Granite Counter, Ceramic Floor, Ceramic Back Splash
9.71 x 7.51ft
About this Listing
Move Right In! This Fabulous Unit Is Complete With Modern Kitchen Featuring Granite Countertops And Stainless Steel Appliances. Open Concept Living Space With A Walk-Out To The Balcony. Granite Countertop In The Bathroom. Building Is Complete With Top Notch Amenities. Parking And Locker Included. Well Run Building * Super Convenient Location. Walk To Erin Mills Town Centre. Easy Access To Shopping, Restaurants, Highways, Parks And Public Transit. Nice Rec Facility Indoor Pool, Exercise Room, Hot Tub, Billiards, Theatre Room, Rooftop Outdoor Terrace with BBQ
ExtrasFridge, Stove, Dishwasher, Washer & Dryer, Electric Light Fixtures
right at home realtyMLS® #W8221308
Amenities
Visitor Parking
Car Wash
Rooftop Deck
Concierge
Indoor Pool
Gym Room
Nearby Amenities
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!'
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
Household Income
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
Building Trends At Papillon Place III Condos
Days on Strata
Units at Papillon Place III Condos spend an average of
20
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
LOWchance of receiving
Multiple Offers
Turnover of Units
On average, each unit is owned for
5.6
YEARS before being sold againProperty Value
1%
Increase in property value within the past twelve months
Price Ranking
8th
Highest price per SQFT out of 44 condos in the Central Erin Mills area
Sold Units
9
Units were Sold over the past twelve months
Rented Units
25
Units were Rented over the past twelve months
Best Value Rank
Papillon Place III Condos offers the best value out of 44 condos in the Central Erin Mills neighbourhood
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Appreciation Rank
Papillon Place III Condos has the highest ROI out of 44 condos in the Central Erin Mills neighbourhood
?
Rental Yield
Papillon Place III Condos yields the highest rent prices out of 44 condos in the Central Erin Mills neighbourhood
?
High Demand
Papillon Place III Condos is the most popular building out of 44 condos in the Central Erin Mills neighbourhood
?
Transaction Insights at 4850 Glen Erin Drive
| 1 Bed | 1 Bed + Den | 2 Bed | |
|---|---|---|---|
| Price Range | $510,000 - $585,000 | $570,000 - $580,000 | $660,000 - $769,000 |
| Avg. Cost Per Sqft | $955 | $933 | $784 |
| Price Range | $2,400 - $2,500 | $2,350 - $2,700 | $2,300 - $3,500 |
| Avg. Wait for Unit Availability | 87 Days | 101 Days | 61 Days |
| Avg. Wait for Unit Availability | 56 Days | 134 Days | 37 Days |
| Ratio of Units in Building | 29% | 19% | 54% |
Maintenance Fees
Papillon Place III Condos vs The Central Erin Mills Area
