Condominium · Erin Mills, Mississauga

Papillon Place Condos4850 Glen Erin Drive, Mississauga, ON L5M 7S1

Name: Condo Apartment Erin Mills Real Estate Market Report — 2026-11-01
Creator: The Condo Bar Real Estate
License: https://thecondobar.com/terms

Modern Living in Central Erin Mills

As of November 2026, Papillon Place Condos has 1 unit for rent at $2,250 a month.

Listings updated Nov 4, 1:32 AM EST

Nearby on the map

Papillon Place rises at 4850 Glen Erin Drive, next to its sister Papillon building in west Mississauga. Compact one-bedroom, one-plus-den and two-bedroom suites are aimed at first-time buyers, young professionals and investors. Axia Restaurant & Bar is about 200 metres away, GoodLife Fitness and Stop & Go Food Market are roughly 300 metres, and Nations supermarket is a half-kilometre walk.

1For Rent

$2,250/moRent Range

Year Built: 2009
Units: 207
Floors: 19
Suite Sizes: 543–963 ft²

No units for sale at 4850 Glen Erin Drive right now (1 for rent)

0 Units

Nearby

No units currently available.

For BuyersErin Mills Condos for SaleNot finding the right fit at Papillon Place Condos? Browse every active listing in the area.Browse Erin Mills Condos for Sale

Same development

Sister Buildings

Part of the same development as Papillon Place Condos, built by Pemberton Group.

Keep exploring

There’s more to Papillon Place Condos

01 · InsidePool, Gym / Fitness Centre and 4 more amenitiesSee inside 02 · The numbersPrices by unit type, fees and recent salesSee the numbers

03 · AboutDetails, who it suits and Erin MillsRead about it 04 · Schools & nearby8 schools and the places around itSee the area

Amenities

Inside Papillon Place Condos

Building Amenities

Gym / Fitness Centre
Pool
Sauna
Party Room
Games Room / Billiards
BBQ Area

Compiled from amenities reported in this building's past listings. Not an official building amenities list and may be incomplete or out of date -- confirm directly with the condo corporation or property management.

The numbers

Papillon Place Condos Market Snapshot

Live snapshot of this building's own listings -- rentals not included

Bedrooms

Over the last 24 months, 10 units have sold in the building at a median of $513K — selling at 96% of asking price.

Unit Types in This Building

Unit Type	Listed	Median Asking	Asking Range	Size	Avg. DOM
1 Bed	None listed	—	—	—	—
1 Bed + Den	None listed	—	—	—	—
2 Bed	None listed	—	—	—	—

Prices are current asking prices for active For Sale listings of that unit type -- not sold prices, and not every unit type has one on the market right now.

Papillon Place Condos by the numbers

vs Erin Mills and Mississauga

At Papillon Place Condos, condo apartments that sold over the last 24 months went for a median of $644 per square foot, lower than Erin Mills ($680), and higher than Mississauga ($611).

Sales over the last 24 months closed at 96% of the asking price, lower than Erin Mills (97%) and Mississauga (97%).

Metric	Papillon Place Condos Live snapshot · sold last 24mo	Erin Mills 2026-11-01 · sold last 24mo	Mississauga 2026-11-01 · sold last 24mo
Active Listings	0	65	730
Median Asking Price	—	$550K	$525K
Avg. Days on Market	—	63	55
Sold (24mo)	10	307	2,730
Median Sold Price	$513K	$554.9K	$515K
Median $/sqft (Sold)	$644	$680	$611
Sale-to-List Ratio	96%	97%	97%
Months of Inventory	—	4.5 mo	6.2 mo

Free with registration

What buyers and sellers should know about Papillon Place Condos

How Papillon Place Condos compares with Erin Mills and Mississauga on asking price, time to sell, sold price and how many homes are for sale.

Buyers: do homes here sell above or below asking?
Sellers: how long homes take to sell, here vs nearby
Median sold price and price per square foot
Months of inventory: how long today’s listings would last

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View Erin Mills Condo Market Report →Mississauga Condo Price Index →

Closed Sales — Last 24 Months

Recently Sold10 soldin the last 24 monthsMedian $513K, 96% of asking. See the address, photos and exact sale price for every recent transaction, free with a registered account.

Aggregate estimates from TRREB MLS® data (PropTx feed). Deemed reliable but not guaranteed, and not an appraisal. Full terms.

The building

About Papillon Place Condos

Completed in 2009 by Pemberton Group, the 19-storey building has 207 suites from 543 to 963 sq ft. Amenities include a pool, a sauna, a party room, and a games room. Pets are allowed with restrictions.

Papillon Place Condos at 4850 Glen Erin Drive is a 19-storey condominium high-rise in Mississauga's Central Erin Mills. Completed in 2009, the building contains 207 suites and is located just steps from its sister development, the Papillon Place II Condos.

Suites range in size from 543 to 963 square feet, offering multiple options for buyers browsing Mississauga condos for sale. Residences are available in one- and two-bedroom layouts, some with a den.

Residents here enjoy access to several building amenities. These include a gym / fitness centre, pool, sauna, party room, games room / billiards, and an outdoor BBQ area.

According to the Central Erin Mills neighbourhood guide, this family-oriented community is anchored by Credit Valley Hospital and Erin Mills Town Centre. The nearby shopping centre offers more than 185 stores and services, including Hudson's Bay, Walmart, Marshalls, and dining options like Turtle Jack's Muskoka Grill. Local schools, including John Fraser and St. Aloysius Gonzaga, serve families in the area, which also features plenty of local parks and trails.

Commuters are well-positioned with quick access to Highway 403, the 407, and the QEW. Local transit is provided by MiWay bus routes, and regional transit is easily accessible via a short drive to the Streetsville and Erindale GO stations on the Milton line.

Erin Mills Neighbourhood

Papillon Place Condos is located in Erin Mills, Mississauga.

See what's nearby -- schools, parks, shopping and transit -- in the map below.

Explore the Erin Mills neighbourhood guide

The area

Schools & nearby

What’s Nearby

Nearby Schools

Elementary

St. Oscar Romero School274 m · 3 min walk
Dufferin-Peel CDSB — JK-8
Credit Valley Public School 495 m · 6 min walk
Peel DSB — JK-6
Divine Mercy School 1.2 km · 14 min walk
Dufferin-Peel CDSB — JK-8
Artesian Drive Public School 1.2 km · 15 min walk
Peel DSB — JK-6
Erin Centre Middle School 1.4 km · 17 min walk
Peel DSB — 6-8

Secondary

St. Oscar Romero School 274 m · 3 min walk
Dufferin-Peel CDSB — 9-12
St Aloysius Gonzaga Secondary School 582 m · 7 min walk
Dufferin-Peel CDSB — 9-12
John Fraser Secondary School 917 m · 11 min walk
Peel DSB — 9-12

All Mississauga schools →

School details come from the Ontario Ministry of Education and the school boards, and may change. Boundaries, programs and grades are set by each board and can change from year to year, so confirm with the board before you buy.

Nearby Amenities

Cafe

Starbucks274 m

Grocery

Stop & Go Food Market337 m

Pet Store

Global Pet Foods319 m

Recreation

GoodLife Fitness280 m

Restaurant

Axia Restaurant & Bar190 m
Boston Pizza260 m
Sultan Ahmet Turkish Cuisine261 m
Sunset Grill287 m

Frequently asked questions

Where is Papillon Place Condos located?

Papillon Place Condos is located at 4850 Glen Erin Drive in Mississauga's Central Erin Mills neighbourhood.

When was Papillon Place Condos built and how many storeys does it have?

The high-rise development was completed in 2009. It stands 19 storeys tall and contains 207 condominium suites.

What unit layouts and sizes are available at 4850 Glen Erin Drive?

Suites range from 543 to 963 square feet and are available in one- and two-bedroom layouts, some with a den.

What amenities do residents have access to at Papillon Place Condos?

Residents can access multiple on-site amenities, including a gym / fitness centre, pool, sauna, party room, games room / billiards, and a BBQ area.

What shopping and schools are nearby in the Central Erin Mills community?

Erin Mills Town Centre is nearby, offering over 185 stores and services including Walmart, Marshalls, and Hudson's Bay. Families are served by schools, including John Fraser and St. Aloysius Gonzaga.

Is Papillon Place Condos good for commuters?

Yes. The building offers convenient access to Highway 403, the 407, and the QEW. Local transit includes nearby MiWay bus routes, and regional GO transit is a short drive away at the Streetsville and Erindale GO stations.