Maintenance Fees
Papillon Place III Condos vs The Central Erin Mills Area
306 - 4850 Glen Erin Dr
$2,3001 bd1 ba1 pk628 sqft
For RentPapillon Place III Condos
69 Days on Strata
$2,300/mth
Price Cut: $2,400
Price Cut: $2,400
1 Bed
1 Bath
1 Parking
628 SQFT
Listing History
Unit Highlights
Property Type:
Condo
Possession Date:
March 31, 2025
Lease Term:
1 Year
Utilities Included:
No
Outdoor Space:
Terrace
Furnished:
No
Exposure:
South
Locker:
Owned
Laundry:
Ensuite
Amenities
Car Wash
Indoor Pool
Indoor Parking
Security System
Sauna
Concierge
Games Room
Party Room
Rooftop Deck
Gym Room
Visitor Parking
About this Listing
Welcome to this stunning condo offering a great living space located in the highly sought-after Erin Mills area. This property offers the ultimate in convenience with Erin Mills Town Centre just steps away, along with all the essentials you could need; restaurants, shopping, and public transport. Inside, you'll find a modern open-concept layout featuring sleek laminate flooring throughout, complemented by elegant granite countertops in both the kitchen and bathroom. The kitchen is equipped with high-end stainless steel appliances for a premium cooking experience.This well-maintained building boasts exceptional amenities, including an indoor pool, fully-equipped gym, party room, and a rooftop deck perfect for relaxation and entertaining. With a prime location and resort-style amenities, this condo offers the perfect blend of luxury and practicality. Don't miss out on this incredible opportunity to live in one of Erin Mills most desirable locations!
ExtrasCommon elements, Locker, Parking, Water
prime one realty inc.MLS® #W11947007
Fees & Utilities
Utilities Included
Rent Includes
Water
Parking
Building Maintenance
Not Included
Hydro
Heat
Air Conditioning
Utility Type
Air Conditioning
Central Air
Heat Source
Gas
Heating
Forced Air
Room Dimensions
Living
Combined with Dining, Laminate, Walkout To Balcony
11.71 x 10.4ft
Dining
Combined with Living, Laminate, Pot Lights
10.4 x 6.73ft
Kitchen
Open Concept, Ceramic Floor, Stainless Steel Appliances
9.58 x 8.43ft
Bedroom
Large Window, Laminate, Large Closet
14.08 x 9.19ft
Renter's Market
Balanced
Landlord'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 leased in Central Erin Mills
