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              #7 640 Rathburn Road East

              near Cawthra / Rathburn
              Price Changed -$100,000 (2020-10-17) $649,999 3+1bdr • 2ba • 1kit • 1400-1599sf
              Average Income
              $91,136
              Population Age
              46 y/old
              School Score
              6.37/10
              Price Index Change 1y
              +18.65%
              Price Index Change 3y
              +12.01%
              Rent Index Change 1y
              +7.67%
              Rent Index Change 3y
              +31.46%

              Condo Townhouse • 2-Storey #7

              #7 640 Rathburn Road East, Rathwood, Mississauga
              • Rooms and Bathrooms 3+1 bedr, 2 bath
              • Kitchens 1
              • area 1400-1599
              • garage 1.0 Attached
              • exposure E
              • age n/a
              • locker None
              • possession

                Tbd

              $649,999

              $2,656.55
              Tax yr: 2020

              $429.88/m

              CALCULATED NUMBERS:

              $2439.00

              calculator

              $2511

              3

              55 Somewhat Walkable

              54 Good Transit

              78 Very Bikeable

              6.37/10

              Location Details
              • Peel

              • Mississauga

              • Rathwood

              • Cawthra / Rathburn

              • L4Z1C6

              Listing Details Provided By
              Property Details Provided By Toronto Real Estate Board
              Listing Brokerage

              RE/MAX REAL ESTATE CENTRE INC., BROKERAGE

              Property Overview
              East Facing, Sun Filled & Totally Renovated Home Just Steps Away From 401/410/403 & Square1. Functional & Sought After Open Concept Layout, Sunken Living Room With Cathedral Ceiling, Glass Railing In Dining Area, Pot Light's, Smooth Ceilings, Walk-Out Patio, Huge Eat In Kitchen With Quartz Central Island, S/S Appliances. Bathroom Has Wall Mounted Vanity & Glass Rain Shower. Custom Window Blinds, Neutral Color Throughout.
              Extras: Incl: S/S Fridge, S/S Stove, S/S Stove, S/S Dishwasher, S/S Microwave, Washer & Dryer, All Lights Fixtures, All Windows Coverings. Seller Will Offer On 22nd Pls Register By 5Pm.
              Video tour available. Click to watch.
              Property Features
              • Park
              • Part Cleared
              • Public Transit
              • School
              • Brick
              • Common Elements Included
              • Ensuite Laundry
              • Building Insurance Included
              • Parking Included
              • Water Included
              • Condo Taxes Included
              • Fireplace/Stove
              • Heat Included
              • Hydro Included
              • Family Room
              • Cable TV Included
              • CAC Included
              Rooms details
              Living
              • Main Level
              • Cathedral Ceiling
              • W/O To Patio
              • Open Concept
              • Size 6.71x3.12
              Dining
              • In Betwn Level
              • Formal Rm
              • O/Looks Living
              • Laminate
              • Size 3.40x3.41
              Kitchen
              • In Betwn Level
              • Family Size Kitchen
              • Renovated
              • Quartz Counter
              • Size 3.32x2.64
              Breakfast
              • In Betwn Level
              • Centre Island
              • Pot Lights
              • Window
              • Size 2.65x2.10
              Master
              • 2nd Level
              • Ensuite Bath
              • Window
              • Large Closet
              • Size 5.48x3.42
              2nd Br
              • 2nd Level
              • Laminate
              • Window
              • Large Closet
              • Size 3.63x3.02
              3rd Br
              • 2nd Level
              • Laminate
              • Window
              • Closet
              • Size 3.34x2.60
              Rec
              • Bsmt Level
              • Laminate
              Foyer
              • Main Level
              • Tile Floor
              Basement
              • Finished
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              • Listing added to site: 2020-10-16 22:39:21
              • Last updated: 2020-10-17 00:54:41
              • Photos updated: 2020-10-16
              • Contract date: 0000-00-00
              • Input date: 0000-00-00
              • Expiry date: 0000-00-00
              • Closed date: 0000-00-00
              • Condition expiry date: 0000-00-00
              • Extension entry date: 0000-00-00
              • Sold date: 0000-00-00
              • Suspended date: 0000-00-00
              • Terminated date: 0000-00-00
              • Unavailable date: 0000-00-00
              • Condition:
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              Travel Times, Streetview, Walkscore
              Listing Overview

              General:

              7 640 Rathburn Road East is a condo townhouse 2-storey, located in Rathwood of city of Mississauga, Peel region, near Cawthra / Rathburn, and has been available for sale on CondosDirect since 2020-10-16. This unit is located at level 1 of the building and has East exposure of Rathburn E Rd. Condo registry office is PCC, corporation number 130.

              Lot Size and Living Area:

              7 640 Rathburn Road East has 7+1 rooms in total, including 3+1 bedroms, 2 baths and 1 kitchen. Please find this condo rooms details on this page above.
              Living areae of this condo unit is within the range of 1400-1599 square feet above the ground plus finished basement.
              1.0 parking space(s) are exclusive and located private at level . An ensuite laundry is available at the unit. The basement is finished.

              Heating and Cooling:

              The condo heat source is Electric, the heat type is Baseboard and air-conditioning is None.

              Listing Features:

              This condo is featuring Park, Part Cleared, Public Transit, School at, or near the property.
              AIDA has also found the following features: Finished Basement, Modern/Renovated/Well Maintained, Open Concept, Price Change, and possible sellers motivation indicators such as Reduced Asking Price, Flexible Possession.

              Price & Cost Overview

              General:

              7 640 Rathburn Road East condo townhouse is listed for $649,999. Property tax for year 2020 was $2,657. And the monthly maintenance fee was $430.

              Comparative Market Analysis:

              There are similar 3+1 bedr condo townhouse recently sold for an average Time Adjusted Selling Price of $620,303.
              Visit a customized Comparative Market Analysis page for more details.

              Mortgage and Other Expenses:

              Your monthly mortgage payments will be $2,439, and total expenses, including the mortgage, property tax and maintenance, fee around $2,696, assuming $649,999 purchase price, 20% downpayment, 2.9% mortgage rate, and 25 years amortization.
              Use our Mortgage and Investment Calculator, customized especially for 7 640 Rathburn Road East, for the Closing Cost, including Land Transfer Tax and Mortgage Insurance calculation.

              Location Overview

              General:

              Rathwood, where 640 Rathburn Road East is located, has $900,969 Home Price Index, and $2,428 Home Rent Index. Average household income at dissemination area of 640 Rathburn Road East is $91,136, and average polulation age is 46 years old.
              Average Home Price Index among 24 evaluated neighborhoods in city of Mississauga is $925,840, and average Home Rent Index $2,609.

              Similar Properties & Community Details:

              There are similar to 7 640 Rathburn Road East 3 bedr condo townhouse condos listed For Sale and For Rent in city of Mississauga.
              Learn about the prices of Recently Sold Condos and Recently Rented Condos near 640 Rathburn Road East.
              You may also find useful information about the schools, real estate sales and rent statistics, home price index and more at Rathwood neighborhood in city of Mississauga.

              Schools:

              There are at least 3 school(s) located near 640 Rathburn Road East, or schools, which boundaries this address belongs to with an average School Score 6.37 out of 10. Here are more details about these schools:
              1. The Valleys Sr. Public School, Public, Elementary, ranked as Average.
              2. Briarwood Public School, Public, Elementary, ranked as Good.
              3. TL Kennedy Secondary School, Public, Secondary, ranked as Good.
              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Walkscore, Transitscore, and Bikescore:

              With Walkscore, Transitscore, and Bikescore of 55, 54, and 78 accordingly, location of 640 Rathburn Road East overall can be described as Somewhat Walkable, Good Transit, and Very Bikeable.

              7 640 Rathburn Road East Listings History Powered by AIDA
              Rathwood, Mississauga Sales & Rent History Powered by AIDA
              Disclaimer

              All results are for informational purposes only, and we do not guarantee neither take any responsibility for AIDA's CMA accuracy. Please use it for the informational purpose only at your own risk, contact your agent (or one of ours), or a professional appraisal company for more details.

              City of Mississauga Condos MOI (Months of Inventory)
              Last month sales statistics:
              It is a Sellers market. Existing inventory is less than enough for 4 months sales supply (64 days).
              Sellers are not likely to negotiate the price, but it is easier to sell your own property.
              Buy first, sell next is a possible strategy, as your own properety may go up in price while you are shopping.
              How often similar homes sell?
              You may expect 6 to 8 properties like that to be sold in Rathwood during the next 30 days.
              Seasonal sales fluctuation is showing 20% inventory increase comparing to the average annual number, which is equvalent to 5.83 properties sold per month, and 11% increase comparing to the last six months.
              How soon can it be sold?
              This property has been on the market for 10 days, which is exactly equivalent to the recent sales average, and may not stay on the market for long if the price is negotiable by the seller.
              Seasonal sales fluctuation is showing -24% D.O.M. decrease comparing to the average annual number, which is equvalent to 13 D.O.M., and 1% increase comparing to the last six months indicating slightly declining demand for this type of property within this price range.
              At what price can it be sold?
              Similar properties currently sell at 2.88% above its asking price in Rathwood.
              The selling to asking price ratio is slighyly declining, but this housing type demand remains stable in Rathwood.
              Have a look at comparable properties sold in the past, to get a better idea about this home market value: MLS W4956986 Comparative Market Analysis
              7 640 Rathburn Road East Investor's Outlook Powered by AIDA

              Compare Home Price Index and Home Rent Index performance over the last year and last 3 years in Rathwood, Mississauga, to the City of Mississauga for the projects listed on our site.

              Comparative analysis of location's Walkscore, Transitscore, Bikescore and Schoolscore.

              Price Index 1y

              Price Index change was +18.65% comparig to the City of Mississauga average of +16.21%

              Price Index 3y

              Price Index change was +12.01% comparig to the City of Mississauga average of +11.785%

              Rent Index 1y

              Rent Index change was +7.67% comparig to the City of Mississauga average of +3.13%

              Rent Index 3y

              Rent Index change was +12.01% comparig to the City of Mississauga average of +11.785%

              Walkscore

              Walkscore 55 out of 100 means Somewhat Walkable

              Transitscore

              Transitscore 54 out of 100 means Good Transit

              Bikescore

              No sufficient data available

              Schoolscore

              Schoolscore is 6.37 out of maximum 10 points

              Mortgage & Payments

              Calculate your Mortgage Payments, Total monthly payments including Property tax and Condo Fee (where available), Mortgage Amortization, and Investment forecast with our Investment Simulator Tool.

              Mortgage & Payments Calculator
              Property Financing Details
              Land Transfer Tax & Closing Expenses
              Downpayment Details
              Use in monthly payment calculation:
              Mortgage & Financing Details

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              (Mortg interest rate. Ex: 3.0)

              (Mortgage duration Ex: 25)

              (Borrowing rate Ex: 3.5)

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              Mortgage & Payments Summary

              Schools and Ratings

              ** Please confirm school boundaries with schools' offices. We do not guarantee that boundaries will be current.

              Demographics & Housing Statistics

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