Why Invest in Erin Mills Real Estate?
Erin Mills is the largest neighbourhood in Mississauga. Boarding Oakville, the area is populated with baby boomers and a diversity of Croatian, Czech, Polish, Arabic, and Urdu ethnic backgrounds. It is to no surprise that this neighbourhood is one the most populated in the GTA due to its larger than average luxurious suburban home. Most commonly referred to as suburban paradise, Erin Mills has started seeing an increase in population as pre-construction condo developments have been seen in the area.
Why Buy New Condos in Erin Mills
Investing in a new condo in Erin Mills would be taking part of the abundance of amenities within the area. From the transportation convenience of HWY 401 and HWY 403 with public transit services of MiWay and GO Transit the area is perfect for young families and professionals to reach anywhere they need to be inside or outside the GTA. Many green spaces are also seen within the neighbourhood as well as perfectly placed commercial areas for shopping or daily life necessities. Erin mills also hosts many religious institutions, medical practice spaces, and various education systems. Life in Erin Mills will satisfy all your needs within your neighbourhood.
Commercial Life in Erin Mills
Erin Mills Condo residents will find an abundance of commercial life within their neighbourhood. With any large neighbourhood like Erin Mills you can expect that the area is filled with big plazas. One example would be Erin Mills Town Centre located directly in the middle of the neighbourhood. Erin Mills Town Centre is a 2 storey high mall that offers a variety of retail stores and eateries to visit. Swarovski, H&M, La Vie en Rose, Perfume Shop and a Walmart within this mall are convenient for luxury shopping to find your daily essentials. Erin Mills Town Centre also has outdoor stores to visit such as Indigo and The Alley with eateries littering the plaza such as Boston Pizza, Axia, and Sunset Grill. Erin Mills Town Centre is the perfect place to eat, shop, explore in your free time. Other notable commercial sites are Erin Centre Plaza, Sheridan Centre, and Battleford Centre.
Average Prices of Condos in Erin Mills
According to the TREB data, the average price of all types of residences, including new condos in Erin Mills, Mississauga , is $1,123,011. In comparison to its neighbour region, Oakville averaged $1,297,250 in all types of residences. As of May 2022, condos in Erin Mills were priced on an average of $672,162 and spent an average of 14 days listed in the market. Rent in Erin Mills is on an average of $3,900 per month for a 1-bedroom apartment with the average price remaining the same to its previous year.
Getting Around the City
Erin Mills condos will benefit from a versatile neighbourhood when it comes to transportation. Offering access from HWY 401 and HWY 403, Erin Mills can easily reach Northern Toronto like North York or Downtown Toronto in less than 25 minutes. Many students who also live in this area take advantage of the 401 by driving to Universities that are less than an hour away. Institutions such as Waterloo University, Guelph University, and Laurier University are accessible through the 401. For those who are not keen on driving, Erin Mills is equipped with Go Buses from Erin Mill Station. This Go Station can easily take you from any of the places mentioned above. When in need of public transportation within the neighbourhood or within Mississauga, Erin Mills uses MiWay which offers up to 80 variations in routes that span all over the city. MiWay also connects to Islington subway station, which is part of the TTC getting you around Toronto in no time.