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    40 - 2766 Folkway Dr

    For Sale2766 Folkway Drive Townhomes
    $1,059,000
    Price Cut: $1,100,000
    3 Beds
    3 Bath
    2 Parking
    1,370 SQFT
    15 Days on Strata
    Est Sell Timeframe
    12 Days

    Listing History

    Unit Highlights

    Ownership Type:
    Condo
    Property Type:
    Townhouse
    Maintenance Fees:
    $465/mth
    Taxes:
    $3,852 (2024)
    Cost Per Sqft:
    $773/sqft
    Locker:
    None
    Outdoor Space:
    None
    Exposure:
    North West
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Air Conditioning
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Heat
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Pot Lights, O/Looks Backyard, Open Concept
    14.99 x 9.74ft
    Kitchen
    Hardwood Floor, Pot Lights, Walkout To Yard
    9.25 x 8.92ft
    Dining
    Quartz Counter, Walkout To Yard, Open Concept
    12.4 x 8.86ft

    About this Listing

    This newly renovated townhouse is the perfect blend of style, comfort, and functionality. Nestled in a prime location, it offers the perfect balance of modern living and convenience. Completely renovated before listing from top to bottom, it features brand new hardwood floors throughout, a stunning new kitchen with HanStone Made in Canada Quartz countertops, and sleek new white cabinets. The kitchen is equipped with stainless steel appliances and pot lights, creating a modern and inviting space. The dining room boasts built-in cabinets with a matching HanStone Quartz buffet countertop. The beautiful 3-piece washroom in the basement includes a walk-in shower, adding a touch of luxury. This home also features an owned tankless water heater, ensuring energy efficiency and endless hot water. This well designed living space backs into mature trees and green space, ensuring full privacy. Situated in the desirable Erin Mills neighborhood, you're just moments away from parks, schools, shopping centers, the hospital, and public transit, with easy access to major highways for a quick commute. The townhouse is located in a highly sought after cul-de-sac. This unit offers an unbeatable combination of comfort, style, and location-whether you're a first-time buyer or looking for a perfect family home. Dont miss the opportunity to make this charming townhouse yours today!

    sutton group quantum realty inc.MLS® #W11977374


    Amenities

    BBQs Allowed
    Indoor Parking
    Visitor Parking

    Explore Neighbourhood

    2/10
    Walkability
    A sight of a grocery store is as rare as a unicorn sighting.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    4/10
    Bikeability
    Your bike will know every pothole personally. It's that intimate.

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    16,222
    Average Individual Income
    $61,371
    Average Household Size
    3 persons
    Average Age
    45
    Average Household Income
    $108,609
    Dominant Housing Type
    Semi Detached
    Population By Age
    0 - 14
    15%
    15 - 19
    1%
    20 - 34
    24%
    35 - 49
    20%
    50 - 64
    21%
    65+
    17%
    Household Income
    $0 - $30,000
    43%
    $30,000+
    29%
    $60,000+
    16%
    $90,000+
    7%
    $125,000+
    2%
    Housing Types & Tenancy
    Semi Detached
    37%
    Detached
    30%
    High Rise Apartment
    18%
    Low Rise Apartment
    10%
    Duplex
    3%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    80%
    Other
    10%
    Punjabi
    5%
    Tagalog
    1%
    Spanish
    1%
    Hindi
    1%
    Mandarin
    1%
    Urdu
    1%
    Education
    High School
    31%
    University and Above
    23%
    College
    20%
    None
    17%
    Apprenticeship
    4%
    University Below Batchelor
    1%
    Major Field of Study
    Business Management
    25%
    Architecture & Engineering
    21%
    Social Sciences
    11%
    Health & Related Fields
    10%
    Math & Computer Sciences
    6%
    Personal, Protective & Transportation Services
    5%
    Humanities
    5%
    Education
    4%
    Physical Sciences
    3%
    Visual & Performing Arts
    3%

    Maintenance Fees

    2766 Folkway Drive Townhomes vs The Erin Mills Area

    Days on Strata

    Units at 2766 Folkway Drive Townhomes spend an average of
    19
    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 an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Erin Mills

    Turnover of Units

    On average, each unit is owned for
    17.8
    YEARS before being sold again

    Property Value

    -7%
    Decrease in property value within the past twelve months

    Price Ranking

    8th
    Highest price per SQFT out of 45 condos in the Erin Mills area

    Sold Units

    3
    Units were Sold over the past twelve months

    Rented Units

    0
    Units were Rented over the past twelve months

    Best Value Rank

    2766 Folkway Drive Townhomes offers the
    ?
    best value out of 45 condos in the Erin Mills neighbourhood

    Appreciation Rank

    2766 Folkway Drive Townhomes has the
    ?
    highest ROI out of 45 condos in the Erin Mills neighbourhood

    Rental Yield

    2766 Folkway Drive Townhomes yields the
    ?
    highest rent prices out of 45 condos in the Erin Mills neighbourhood

    High Demand

    2766 Folkway Drive Townhomes is the
    ?
    most popular building out of 45 condos in the Erin Mills neighbourhood

    Transaction Insights at 2766 Folkway Drive

    3 Bed3 Bed + Den
    Price Range$850,000 - $880,000No Data
    Avg. Cost Per Sqft$564No Data
    Avg. Wait for Unit Availability78 Days234 Days
    Ratio of Units in Building87%14%

    Transactions vs Inventory

    Total number of units listed and sold in Erin Mills