Skip to main
    Mississauga / Central Erin Mills

    4850 Glen Erin Drive

    Papillon Place III Condos
    Write a Review

    Highlights

    Property Type:
    Condo
    Number of Storeys:
    19
    Number of Units:
    207
    Condo Completion:
    2009
    Condo Demand:
    Medium
    Unit Size Range:
    543 - 963 SQFT
    Unit Availability:
    Low
    Property Management:
    Meritus Group Management Inc.

    Amenities

    Rec Room
    Games Room
    Indoor Parking
    Party Room
    Indoor Pool
    Gym
    Concierge
    Visitor Parking
    Amenity details for reference only. Independently verify accuracy.

    About 4850 Glen Erin Drive — Papillon Place III Condos

    Located at 4850 Glen Erin Drive, Papillon Place III Condos is a 19-storey condo containing 207 units. These Mississauga condos for sale were completed in 2009 with units starting at 543 square feet, ranging up to 963 square feet. What makes a Central Erin Mills condo for sale most appealing is all that the neighbourhood has to offer.

    This condo has an average demand ranking per Strata.ca analytics and a Walk Score of 72. Maintenance fees are $0.83 per-square-foot, which is higher than the neighbourhood average of $0.51 per-square-foot.

    The Suites

    Here are some stats that would interest renters or buyers at 4850 Glen Erin Drive: 6 units have been sold in the past 12 months, and 25 units have been rented over the same period.

    In terms of price per-square-foot, the average cost is $681 and units tend to sell for -2.83% below the list price. Units at 4850 Glen Erin Drive have a low probability of receiving more than one offer. On average, a suite will spend 48 days on the market.

    The Neighbourhood

    Living here means you’re just a 6-minute walk from Axia Restaurant, Boston Pizza and Sunset Grill, making it easy to dazzle your taste buds without much effort. Need caffeine to open your eyes in the morning? No worries, McDonald's, Studio.89 and Doris' Bistro-Cafe have you covered...

    Grocery shopping is never a chore with stores such as Nations Fresh Foods, Mona Fine Foods and Palma Pasta in the area.

    There are a number of banks within a short drive, including Scotiabank for all your investment needs.

    Whether you're looking to play, exercise or gather with friends — nearby parks like John C. Pallett Park, Crawford Green and Credit Valley Park are the perfect spot for all kinds of activities.

    Those who love to shop will appreciate all the options nearby with Erin Mills Town Centre, Erin Mills Latin Dance Club and Lunch just 15 minutes from here.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Arta Muro less than a 3-minute drive away will give you a lift.

    Papillon Place III Condos is a short drive away from St. Rose of Lima Separate School and St. Sebastian Catholic Elementary School, giving you plenty of choice for your child’s education. This location is a great choice for families who are seeking top-notch educational institutions like St. Aloysius Gonzaga Secondary School, Steam Works Studio Canada and UCMAS Abacus/iMaths/OBotz-Robotics.

    Transportation

    Taking public transit? The nearest light transit stop is Eglinton Ave At Winston Churchill Blvd.

    In the event that you can’t land a unit in this building, there are some similar condos within walking distance at 4900 Glen Erin Drive, 4889 Kimbermount Avenue and 4879 Kimbermount Avenue.

    Heat
    Included
    Water
    Included
    Hydro
    Not Included
    Air Conditioning
    Not Included

    Listing History for Papillon Place III Condos

    Oct, 2025
    4850 Glen Erin Dr, unit 107 for sale
    Unit 107
    Oct 30, 202597 days on strata
    Sold for $444,000Listed for $469,9001 bd + 1 | 1 ba | 600-699 sqft | 1 pkg
    4850 Glen Erin Dr, unit 603 for rent
    Unit 603
    Oct 30, 202593 days on strata
    ExpiredListed for $3,3502 bd | 2 ba | 899 sqft | 1 pkg
    Receive listing updates for Central Erin Mills

    Reviews for Papillon Place III Condos

    No reviews yet. Be the first to leave a review!

    3

    Listings For Sale

    Interested in receiving new listings for sale?

    3

    Listings For Rent

    Interested in receiving new listings for rent?

    Similar Condos

    Explore Central Erin Mills

    Map

    © OpenStreetMap
    map of location
    View My Travel Time
    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
    0 - 14
    14%
    15 - 19
    1%
    20 - 34
    26%
    35 - 49
    19%
    50 - 64
    21%
    65+
    15%
    Household Income
    $0 - $30,000
    45%
    $30,000+
    30%
    $60,000+
    16%
    $90,000+
    6%
    $125,000+
    1%
    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
    48
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    3%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance 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 again

    Property Value

    -18%
    Decrease in property value within the past twelve months

    Price Ranking

    9th
    Highest price per SQFT out of 48 condos in the Central Erin Mills area

    Sold Units

    6
    Units were Sold over the past twelve months

    Rented Units

    25
    Units were Rented over the past twelve months

    Best Value Rank

    Papillon Place III Condos offers the
    ?
    best value out of 48 condos in the Central Erin Mills neighbourhood

    Appreciation Rank

    Papillon Place III Condos has the
    ?
    highest ROI out of 48 condos in the Central Erin Mills neighbourhood

    Rental Yield

    Papillon Place III Condos yields the
    ?
    highest rent prices out of 48 condos in the Central Erin Mills neighbourhood

    High Demand

    Papillon Place III Condos is the
    ?
    most popular building out of 48 condos in the Central Erin Mills neighbourhood

    Market Insights

    Transaction Insights at Papillon Place III Condos

    1 Bed1 Bed + Den2 Bed
    Price RangeNo Data$444,000 - $496,000$565,000 - $610,000
    Avg. Cost Per SqftNo Data$762$702
    Avg. Wait for Unit Availability93 Days124 Days67 Days
    Ratio of Units in Building28%18%50%

    Market Inventory

    Total number of units listed and sold in Central Erin Mills