$1,130,000 - 7269 Lantern Fly Hollow, Mississauga
Detached for Sale in Mississauga
Neighbourhood: Meadowvale Village
- MLS Number
- W13641810
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Mississauga
- Listing Brokerage
- EXP REALTY
Welcome to 7269 Lantern Fly Hollow in the highly sought-after Meadowvale Village community of Mississauga. This well-maintained 2-storey detached home features a valuable legal basement apartment with a separate entrance, offering excellent flexibility for extended family living or potential rental income. The main level features hardwood flooring, a spacious living room, a family room with a cozy gas fireplace, and a bright kitchen with ceramic backsplash and breakfast area, providing ample space for everyday living and entertaining. The second level offers 4 spacious bedrooms and 2 full bathrooms. The primary bedroom includes a private ensuite bathroom and walk-in closet, while another bedroom also features a walk-in closet. A second-floor laundry area adds everyday convenience. The legal basement apartment includes a separate entrance, 1 bedroom, a full bathroom, kitchen, living and dining area, and its own laundry, making it ideal for extended family or potential rental income. Additional features include generously sized principal rooms, an attached double-car garage with a private driveway, and a Level 2 EV charger. Situated in one of Mississauga's most established family-oriented neighbourhoods, Meadowvale Village is known for its distinctive homes, excellent schools, parks, walking trails, and convenient access to major employment centres. Families will appreciate nearby French Immersion, Montessori, International Baccalaureate, and Gifted programs, along with easy access to Highways 401 and 407 and Toronto Pearson International Airport. Enjoy being just a 10-minute walk to Meadowvale Conservation Area, featuring scenic nature trails, the Credit River, picnic and BBQ areas, and beautiful green space for year-round outdoor enjoyment. An excellent opportunity to own a spacious 4 + 1 bedroom, 3 + 1 bathroom family home with the added value of a legal basement apartment in one of Mississauga's most desirable communities.
Estimate your monthly payments for this property
Estimated Payment
$4,998.37/mo
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.
Discover Meadowvale Village
Meadowvale Village is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Meadowvale Village
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Meadowvale Village offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
7269 Lantern Fly Hollow, 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 $565/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 18 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.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Mississauga.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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.