Maintenance Fees
Papillon Place III Condos vs The Central Erin Mills Area
PH3 - 4850 GLEN ERIN Dr
$649,9992 bds2 ba1 pk947 sqft
For SalePapillon Place III Condos
42 Days on Strata
$649,999
2 Beds
2 Bath
1 Parking
947 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Maintenance Fees:
$765/mth
Taxes:
$3,138 (2024)
Cost Per Sqft:
$686/sqft
Outdoor Space:
None
Locker:
Owned
Exposure:
North East
Possession Date:
Flexible
Amenities
Car Wash
Indoor Pool
Indoor Parking
Security System
Sauna
Concierge
Games Room
Party Room
Rooftop Deck
Gym Room
Visitor Parking
About this Listing
Immediate possession available in this rarely offered PENTHOUSE unit in the prestigious Papillon Palace! Fantastic corner unit with beautiful views of the City and park views. The unit also includes a parking spot and a locker. Papillon Palace offers top-notch amenities : Indoor Pool, Sauna, 2 Party rooms, Games/Billiards area, and outdoor deck/BBQ area, and a gym. Located a short distance away from Erin Mills Town Centre and close to all amenities like grocery stores, pharmacy, restaurants, and more!
ExtrasDishwasher, Dryer, Refrigerator, Stove, Washer, Window Coverings
re/max escarpment realty inc.MLS® #W11987301
Fees & Utilities
Maintenance Fees
Included in Fees
Heat
Water
Parking
Building Maintenance
Building Insurance
Not Included
Hydro
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
No Data
Heating
Forced Air
Room Dimensions
Kitchen
14.11 x 7.87ft
Dining
20.41 x 10.01ft
Living
20.41 x 10.01ft
Primary
13.29 x 10.99ft
2nd Bedroom
10.5 x 8.01ft
Bathroom
4 Piece Bath
0 x 0ft
Bathroom
4 Piece Bath
0 x 0ft
Buyer's Market
Balanced
Seller's Market
Similar Listings
Explore Central Erin Mills
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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%
Building Trends At Papillon Place III Condos
Days on Strata
Units at Papillon Place III Condos spend an average of
32
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
100%
of the list price.
Or in other words, the
Or in other words, the
entire list price
Offer Competition
Condos in this building have an
AVERAGEchance of receiving
Multiple Offers
compared to other buildings in Central Erin Mills
Turnover of Units
On average, each unit is owned for
5.9
YEARS before being sold againProperty Value
-1%
Decrease in property value within the past twelve months
Price Ranking
4th
Highest price per SQFT out of 46 condos in the Central Erin Mills area
Sold Units
8
Units were Sold over the past twelve months
Rented Units
21
Units were Rented over the past twelve months
Best Value Rank
Papillon Place III Condos offers the best value out of 46 condos in the Central Erin Mills neighbourhood
?
Appreciation Rank
Papillon Place III Condos has the highest ROI out of 46 condos in the Central Erin Mills neighbourhood
?
Rental Yield
Papillon Place III Condos yields the highest rent prices out of 46 condos in the Central Erin Mills neighbourhood
?
High Demand
Papillon Place III Condos is the most popular building out of 46 condos in the Central Erin Mills neighbourhood
?
Market Insights
Transaction Insights at Papillon Place III Condos
| 1 Bed | 1 Bed + Den | 2 Bed | |
|---|---|---|---|
| Price Range | $527,000 | $538,000 - $575,000 | $600,000 - $750,000 |
| Avg. Cost Per Sqft | $865 | $909 | $805 |
| Price Range | $2,300 - $2,400 | $2,350 - $2,650 | $2,700 - $3,350 |
| Avg. Wait for Unit Availability | 79 Days | 134 Days | 65 Days |
| Avg. Wait for Unit Availability | 54 Days | 126 Days | 40 Days |
| Ratio of Units in Building | 30% | 18% | 54% |
Market Inventory
Total number of units listed and sold in Central Erin Mills
