6500 Montevideo Road Unit 605, Mississauga

Price: $494,900

2 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: W13637438

Welcome to a turn-key condo living at its absolute finest in the heart of Meadowvale! This bright, spacious 2-bedroom, 2-washroom unit features a seamless open-concept layout with clean laminate flooring throughout. Wake up to stunning morning sunrises from your private balcony with desirable East exposure. With a beautifully upgraded kitchen and modernized washrooms, there's nothing left to do but move in and enjoy. Siding directly onto the picturesque Lake Aquitaine trail network, nature is right at your doorstep. Located in an exceptionally well-maintained, family-friendly building offering top-tier amenities: an indoor gym, party room, games room, relaxing sauna, secure underground parking, and plenty of visitor spaces. Unbeatable location-steps to the state-of-the-art Meadowvale Community Centre & Library, and minutes to Meadowvale Town Centre shopping, dining, great schools, the GO Station, and major highways. Everything you need is right here!

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$494,900 - 6500 Montevideo Road Unit 605, Mississauga

Condo for Sale in Mississauga

Neighbourhood: Meadowvale

2Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
W13637438
Property Type
Condo
Status
active
Days on Site
19
Bedrooms
2
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Mississauga
Locker
Ensuite
Exposure
East
Balcony
Open
Listing Brokerage
HOMELIFE PLATINUM REALTY INC.
Description

Welcome to a turn-key condo living at its absolute finest in the heart of Meadowvale! This bright, spacious 2-bedroom, 2-washroom unit features a seamless open-concept layout with clean laminate flooring throughout. Wake up to stunning morning sunrises from your private balcony with desirable East exposure. With a beautifully upgraded kitchen and modernized washrooms, there's nothing left to do but move in and enjoy. Siding directly onto the picturesque Lake Aquitaine trail network, nature is right at your doorstep. Located in an exceptionally well-maintained, family-friendly building offering top-tier amenities: an indoor gym, party room, games room, relaxing sauna, secure underground parking, and plenty of visitor spaces. Unbeatable location-steps to the state-of-the-art Meadowvale Community Centre & Library, and minutes to Meadowvale Town Centre shopping, dining, great schools, the GO Station, and major highways. Everything you need is right here!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,539.09/mo

Includes CMHC insurance ($13,808)

$
$
5%10%50%

5-yr fixed avg.

Principal: $445,410Interest: $302,510
Mortgage Amount$459,218
Total Interest$302,510
Est. Property Tax$351/mo
Total Cost$761,728

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.

Ready to get pre-approved?

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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

6500 Montevideo Road Unit 605, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,360/mo
Range: $2,006 - $2,714
Cap Rate (ROI)
3.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,360
Maintenance Fees-$650
Property Tax (est.)-$351
Insurance (est.)-$103
Net Cash Flow+$1,256

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 $495/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.

Market Position

At 19 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.

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.

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.

Let's See It Together

Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.

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    6500 Montevideo Road Unit 605, Mississauga | $494,900 | Battaglia Team