7500 Goreway Drive Unit 76, Mississauga

Price: $920,000

5 bedrooms, 2 bathrooms

1,400 sqft

Property Type: Condo

MLS#: W12827648

Discover Your Future Home in the Heart of Mississauga! Welcome to 7500 Goreway Drive - a beautifully maintained property offering comfort, space, and modern convenience. This spacious home features 4+1 bedrooms and a fully finished basement,providing ample room for family living, entertaining, or additional flexibility to suit you needs.Ideally located close to banks, parks, hotels, shopping, and major amenities, this residence perfectly blends urban convenience with suburban tranquility.An excellent opportunity for first-time home buyers or savvy investors - don't miss your chance to own in this desirable community !

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$920,000 - 7500 Goreway Drive Unit 76, Mississauga

Condo for Sale in Mississauga

126 days on market

Neighbourhood: Malton

5Beds
2Baths
1,400Sq Ft
Condo
Property Details
MLS Number
W12827648
Property Type
Condo
Status
active
Days on Site
126
Bedrooms
5
Bathrooms
2
Square Feet
1,400 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
East
Balcony
None
Listing Brokerage
HOMELIFE SILVERCITY REALTY INC.
Description

Discover Your Future Home in the Heart of Mississauga! Welcome to 7500 Goreway Drive - a beautifully maintained property offering comfort, space, and modern convenience. This spacious home features 4+1 bedrooms and a fully finished basement,providing ample room for family living, entertaining, or additional flexibility to suit you needs.Ideally located close to banks, parks, hotels, shopping, and major amenities, this residence perfectly blends urban convenience with suburban tranquility.An excellent opportunity for first-time home buyers or savvy investors - don't miss your chance to own in this desirable community !

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,720.08/mo

Includes CMHC insurance ($25,668)

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5-yr fixed avg.

Principal: $828,000Interest: $562,355
Mortgage Amount$853,668
Total Interest$562,355
Est. Property Tax$652/mo
Total Cost$1,416,023

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: Malton

Discover Malton

Malton 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 Malton

  • 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

Malton 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

7500 Goreway Drive Unit 76, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,880/mo
Range: $3,298 - $4,462
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,880
Maintenance Fees-$910
Property Tax (est.)-$652
Insurance (est.)-$192
Net Cash Flow+$2,126

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 $657/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.

Negotiation Opportunity

At 126 days on site, this property has exceeded the typical selling timeline for Mississauga. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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.

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.

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 Malton

I know Malton 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.

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    7500 Goreway Drive Unit 76, Mississauga | $920,000 | Battaglia Team