Skip to main
    Mississauga / Central Erin Mills

    1505 - 4889 Kimbermount Ave

    For SalePapillon Place II Condos
    $588,500
    2 Beds
    1 Bath
    1 Parking
    771 SQFT
    88 Days on Strata
    Est Sell Timeframe
    16 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $720/mth
    Taxes:
    $2,698 (2024)
    Cost Per Sqft:
    $763/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    South
    Possession Date:
    November 21, 2024
    Laundry:
    Main
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Hydro
    Heat
    Water
    Parking
    Building Insurance
    Excluded
    Air Conditioning

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Kitchen
    Breakfast Bar, Stainless Steel Appliances, Built-in Dishwasher
    9.25 x 8.17ft
    Living
    Laminate, Combined with Dining, Walkout To Balcony
    16.67 x 11.25ft
    Dining
    Laminate, Combined with Living, Open Concept
    16.67 x 11.25ft

    About this Listing

    Stunning 2-Bedroom Apartment!!! Experience comfort and convenience in this beautiful 2-bedroom apartment, perfectly situated in the heart of Mississauga. This prime location offers easy access to major highways, is adjacent to Credit Valley Hospital, and is surrounded by major grocery stores. Enjoy the added convenience of being within walking distance to Erin Mills Town Centre.The apartment is also located within the highly-regarded John Fraser Secondary School catchment area, making it an excellent choice for families.Currently, the unit is tenanted, with tenants willing to either extend their lease or vacate if needed. Dont miss out on this incredible opportunity!

    top max realty pointMLS® #W9270377

    Amenities

    Indoor Pool
    Party Room
    Visitor Parking
    Concierge
    Gym Room
    Media Room

    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 II Condos vs The Central Erin Mills Area

    Building Trends At Papillon Place II Condos

    Days on Strata

    Units at Papillon Place II Condos spend an average of
    23
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    4%
    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
    6.1
    YEARS before being sold again

    Property Value

    -8%
    Decrease in property value within the past twelve months

    Price Ranking

    12th
    Highest price per SQFT out of 46 condos in the Central Erin Mills area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

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

    Appreciation Rank

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

    Rental Yield

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

    High Demand

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

    Transaction Insights at 4889 Kimbermount Avenue

    1 Bed1 Bed + Den2 Bed
    Price Range$489,000 - $520,000$480,000 - $500,000$580,000 - $675,000
    Avg. Cost Per Sqft$851$731$732
    Avg. Wait for Unit Availability121 Days125 Days61 Days
    Ratio of Units in Building29%18%55%

    Transactions vs Inventory

    Total number of units listed and sold in Central Erin Mills