$1,600/mo - 3148 Velmar Drive Unit Bsmnt, Mississauga
Detached for Rent in Mississauga
Neighbourhood: Churchill Meadows
- MLS Number
- W13440396
- Property Type
- Detached
- Status
- active
- Days on Site
- 25
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Rarely Offered for lease, only the second time. Amazing location, Very well maintained legal basement apartment. Separate entrance from the side on the street level, no ugly concrete steps. Professionally finished 2 rooms, a new full kitchen and 3 pc washroom. Upgraded laminate flooring throughout. Tenant pays 35% of utilities. Minutes away from Erin Mills town Center. Walking distance to major plaza with Shoppers, Tim Hortons and a new Fresh co. Close to transit and GO station. Minutes away to all major highways 403, 401, 407, QEW. Tenant has their own separate appliances in the basement: Full size fridge, Full size stove, Cloth washer and Dryer. Tenants responsible for their own Internet and pays 35% of utilities
Family-Friendly Living in Southwest Mississauga
Churchill Meadows is one of Mississauga's newest and most sought-after neighbourhoods, located in the southwest corner of the city. Developed primarily in the early 2000s, the community features modern homes, excellent schools, expansive parks, and a strong sense of community. With its mix of detached homes, semis, and townhouses, Churchill Meadows offers something for every family stage.
Why Live in Churchill Meadows
- •Modern homes built in the 2000s
- •Top-rated public and Catholic schools
- •Churchill Meadows Community Centre and Library
- •Extensive trail systems and green spaces
- •Easy access to Highway 403 and 407 ETR
Nearby Schools
Transit & Commuting
- •MiWay bus routes along Tenth Line and Winston Churchill
- •Close to Highway 403 and 407 ETR
- •Future Dundas BRT connection
- •15-minute drive to Toronto Pearson Airport
Parks & Amenities
- •Churchill Meadows Community Centre
- •Churchill Meadows Branch Library
- •Sawmill Valley Trail
- •Frank McKechnie Community Park
- •Multiple neighbourhood playgrounds and splash pads
Lifestyle & Community
Churchill Meadows offers a family-oriented suburban lifestyle with modern amenities. The neighbourhood is known for its safe streets, well-maintained parks, and active community associations that host seasonal events.
3148 Velmar Drive Unit Bsmnt, Mississauga
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $1,600/mo, this is priced below the typical 2-bedroom rent of ~$2,900/mo in Mississauga. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Market Position
At 25 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Detached Home Advantages
Detached homes in Mississauga are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
About Churchill Meadows
I know Churchill Meadows well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.