5878 Montevideo Road Unit 22, Mississauga

Price: $599,000

3 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W13489782

Welcome to this beautifully renovated and meticulously maintained home in the highly sought-after Meadowvale community. Featuring a stunning kitchen with elegant white cabinetry, quartz countertops, stylish backsplash, stainless steel appliances, a breakfast bar - this home offers both style and functionality.The bright and spacious living room boasts a beautiful electric fireplace, creating a warm and inviting atmosphere. Renovated bathrooms, fresh paint, updated doors and laminate flooring throughout ensure a completely carpet-free, move-in-ready experience. Major upgrades include a brand new A/C (2026), furnace (2021), and no rental equipment, providing added value and peace of mind. The upper level offers three generously sized bedrooms. The cozy recreation room on the ground floor features a walkout to a private patio backing onto green space, providing the perfect setting for relaxation and entertaining. Enjoy additional outdoor features including a steel gazebo and mature trees. Located in a family-friendly complex with a children's playground and visitor parking, this home is just steps from schools, scenic walking trails, lake aquitaine, and the community centre. Conveniently situated minutes from Erin Mills Town Centre and offering easy access to Highways 401, 403, and 407. A true turnkey home-simply move in and enjoy!

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New Listing
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$599,000 - 5878 Montevideo Road Unit 22, Mississauga

Condo for Sale in Mississauga

New — Listed 6 days ago

Neighbourhood: Meadowvale

3Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W13489782
Property Type
Condo
Status
active
Days on Site
6
Bedrooms
3
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
North West
Balcony
None
Listing Brokerage
CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Description

Welcome to this beautifully renovated and meticulously maintained home in the highly sought-after Meadowvale community. Featuring a stunning kitchen with elegant white cabinetry, quartz countertops, stylish backsplash, stainless steel appliances, a breakfast bar - this home offers both style and functionality.The bright and spacious living room boasts a beautiful electric fireplace, creating a warm and inviting atmosphere. Renovated bathrooms, fresh paint, updated doors and laminate flooring throughout ensure a completely carpet-free, move-in-ready experience. Major upgrades include a brand new A/C (2026), furnace (2021), and no rental equipment, providing added value and peace of mind. The upper level offers three generously sized bedrooms. The cozy recreation room on the ground floor features a walkout to a private patio backing onto green space, providing the perfect setting for relaxation and entertaining. Enjoy additional outdoor features including a steel gazebo and mature trees. Located in a family-friendly complex with a children's playground and visitor parking, this home is just steps from schools, scenic walking trails, lake aquitaine, and the community centre. Conveniently situated minutes from Erin Mills Town Centre and offering easy access to Highways 401, 403, and 407. A true turnkey home-simply move in and enjoy!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,073.18/mo

Includes CMHC insurance ($16,712)

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5-yr fixed avg.

Principal: $539,100Interest: $366,142
Mortgage Amount$555,812
Total Interest$366,142
Est. Property Tax$424/mo
Total Cost$921,954

Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.

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Neighbourhood Guide: Meadowvale

Master-Planned Community Excellence

Meadowvale is one of Canada's first and most successful master-planned communities. Developed in the 1970s and 80s, the neighbourhood was designed with abundant green space, excellent schools, and a balanced mix of housing types. Today, Meadowvale remains a popular choice for families seeking affordability without sacrificing quality of life.

Why Live in Meadowvale

  • Extensive parks and trail system
  • Top-rated schools including Meadowvale Secondary
  • Diverse, multicultural community
  • Convenient shopping and services
  • Strong value proposition for families

Nearby Schools

Meadowvale Secondary SchoolPublic High School
St. Martin Secondary SchoolCatholic High School
Meadowvale Village PSPublic Elementary
Blessed Sacrament Catholic SchoolCatholic Elementary

Transit & Commuting

  • Meadowvale GO Station
  • Multiple MiWay bus routes
  • Close to Highway 401 and 403
  • 15-minute drive to Toronto Pearson Airport

Parks & Amenities

  • Meadowvale Town Centre
  • Iceland Arena
  • Meadowvale Community Centre
  • Extensive trail network
  • Multiple shopping plazas

Lifestyle & Community

Meadowvale offers excellent value with comprehensive community amenities. The neighbourhood is ideal for families seeking good schools, safe streets, and plenty of recreational opportunities.

52
Walk Score
$700K - $1.4M
Price Range

5878 Montevideo Road Unit 22, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$424
Insurance (est.)-$125
Net Cash Flow+$1,561

Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.

Joe Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $599/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Condo Considerations

For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.

Starter Home Potential

3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.

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 Meadowvale

I know Meadowvale 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.

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    5878 Montevideo Road Unit 22, Mississauga | $599,000 | Battaglia Team