$624,900 - 6797 Formentera Avenue Unit 81, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Meadowvale
- MLS Number
- W13442692
- Property Type
- Condo
- Status
- active
- Days on Site
- 23
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- South
- Balcony
- None
- Listing Brokerage
- HOMELIFE/MIRACLE REALTY LTD
Welcome to 6797 Formentera Ave, unit 81. This beautifully renovated, freshly painted, well-maintained 3-bedroom, 2-bath, 2-storey corner unit townhome will surely impress you! It offers modern updates and a family-friendly layout. The kitchen features new, upgraded cupboards, Quartz countertops, a sleek backsplash, ample cabinetry, and a pantry, creating an inviting space for cooking and entertainment with newer S/S appliances. The updated bathrooms with Quartz countertops and lighting add a fresh, modern touch. The main level offers flexible living space for work, relaxation, or entertaining. Wood flooring throughout. The upper level boasts three spacious bedrooms with a convenient second-floor laundry. The backyard includes a gazebo perfect for entertainment. Ideally located in Meadowvale, this home is close to Meadowvale GO Station, Meadowvale Town Centre, Walmart, Costco, and a variety of local restaurants. Families will appreciate nearby top-rated schools - Public, Catholic, and Private Schools such as St. Jude's, Meadowvale Christian Academy, and Lynn Rose Heights, while Lake Aquitaine, trails, and parks offer ample recreation opportunities. Easy access to Highways 401 & 407 for commuting. Perfect for families or anyone seeking a move-in-ready, upgrade home, this townhome combines comfort, functionality, and a desirable location. Every detail has been carefully considered to create a space that is inviting, practical, and ready to enjoy. Don't miss this opportunity to own a thoughtfully updated townhome in Meadowvale.
Estimate your monthly payments for this property
Estimated Payment
$3,206.06/mo
Includes CMHC insurance ($17,435)
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 81, 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 $521/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 23 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.
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.