$499,000 - 6797 Formentera Avenue Unit 75, Mississauga
Condo for Sale in Mississauga
New — Listed todayNeighbourhood: Meadowvale
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- MLS Number
- W14086978
- Property Type
- Condo
- Status
- active
- Days on Site
- 0
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 900 sqft
- Neighbourhood
- Mississauga
- Taxes (2026)
- $2,970
- Maintenance Fees
- $487/mo
- Locker
- Exclusive
- Exposure
- East West
- Balcony
- Terrace
- Listing Brokerage
- RIGHT AT HOME REALTY
Check out Virtual Tour! Absolutely beautiful ground level townhome perfect for first time buyers or downsizing. Cute and cozy, this lovely home has been extensively renovated to reflect modern living with open concept floor plan layout. Brand new modern kitchen with lots of cabinet & counter space, quartz counter tops and backsplash, pot lights, high cabinets, large lazy suzy, spice rack and double garbage dispenser. Not to mention a huge centre island with breakfast bar and pot drawers. This amazing home features new laminate floors and high baseboards, new bathroom, new laundry room, new doors, smooth ceilings, and has been freshly painted in a Benjamin Moore warm tone. Enjoy summer bbqs and relaxation and entertain in the lovely private fenced garden with beautiful perennials and sunny exposure. Good sized bedrooms with plenty of closet space and big windows providing natural light. Convenient laundry ensuite with brand new front load washer and dryer and a handy laundry sink. Garage provides interior access to the unit and private storage space for those extra items. Newer windows, garage door to be replaced soon (as per condo corp). Convenient location, walking distance to Meadowvale Town Center/public transit/Metro grocery store/LCBO/Shoppers Drug Mart/banks/restaurants, etc.
Estimate your monthly payments for this property
Estimated Payment
$2,560.13/mo
Includes CMHC insurance ($13,922)
5-yr fixed avg.
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.
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
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.
6797 Formentera Avenue Unit 75, Mississauga
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $554/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. The $487/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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 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.