7419 Magistrate Terrace, Mississauga

Price: $899,900

3 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Townhouse

MLS#: W13629938

Amazing location! Very unique property. Free hold townhouse but feels like a semi! 1.5 car garage and big private driveway with 4 parkings. No house on one side and in the back. Modern open concept! Liv/Din Rm w/hardwood. Beautiful open-concept basement. Elegant kitchen w/ss app w/o to backyard. Granite, glass mosaic backsplash. Gorgeous 2nd floor family rm w/gas fireplace & w/o to Juliet balcony. Master suite boasts 4pc ensuite & w/i closet. 2 additional bedrooms w/3pc washroom. Artificial grass in landscaped backyard (low maintenance). Minutes to hwy 401, 407, 410 and transit.

7419 Magistrate Terrace - Townhouse photo 1 of 9 in Mississauga, Ontario
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7419 Magistrate Terrace - Townhouse photo 5 of 9 in Mississauga, Ontario
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$899,900 - 7419 Magistrate Terrace, Mississauga

Townhouse for Sale in Mississauga

New — Listed 2 days ago

Neighbourhood: Meadowvale Village

3Beds
4Baths
1,500 - 1,999Sq Ft
Townhouse
Property Details
MLS Number
W13629938
Property Type
Townhouse
Status
active
Days on Site
2
Bedrooms
3
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Mississauga
Listing Brokerage
HOMELIFE/MIRACLE REALTY LTD
Description

Amazing location! Very unique property. Free hold townhouse but feels like a semi! 1.5 car garage and big private driveway with 4 parkings. No house on one side and in the back. Modern open concept! Liv/Din Rm w/hardwood. Beautiful open-concept basement. Elegant kitchen w/ss app w/o to backyard. Granite, glass mosaic backsplash. Gorgeous 2nd floor family rm w/gas fireplace & w/o to Juliet balcony. Master suite boasts 4pc ensuite & w/i closet. 2 additional bedrooms w/3pc washroom. Artificial grass in landscaped backyard (low maintenance). Minutes to hwy 401, 407, 410 and transit.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,616.95/mo

Includes CMHC insurance ($25,107)

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5-yr fixed avg.

Principal: $809,910Interest: $550,069
Mortgage Amount$835,017
Total Interest$550,069
Est. Property Tax$637/mo
Total Cost$1,385,086

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 Village

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

John Fraser Secondary SchoolPublic High School
Lorne Park Secondary SchoolPublic High School
St. Francis Xavier Secondary SchoolCatholic High School
Erin Mills Middle SchoolPublic Middle School

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.

70
Walk Score
Varies
Price Range

7419 Magistrate Terrace, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,730/mo
Range: $2,321 - $3,139
Cap Rate (ROI)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,730
Maintenance Fees-$0
Property Tax (est.)-$637
Insurance (est.)-$187
Net Cash Flow+$1,906

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 $600/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.

Townhouse Benefits

Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Mississauga have shown strong appreciation as families seek more space.

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.

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.

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    7419 Magistrate Terrace, Mississauga | $899,900 | Battaglia Team