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Listed 3 months ago

29 - 6780 Formentera Avenue

Meadowvale, Mississauga

$714,800

Condo Townhouse |
3 | 3 | 2 | 0
About this home

Welcome to this rarely offered well maintained corner unit and spacious condo townhouse in the Meadowvale Community! This corner unit has a semi-detached feeling that has a functional open-concept layout designed for comfortable everyday living and effortless entertaining. Plenty of renovations spent $$$ all throughout. Heating system has been updated to Forced Air Gas (2024) and new air-conditioner (2025). Main floor features a generous living and dining area with plenty of natural light, a modern kitchen, and walkout to an L Shape balcony. The kitchen walks out to the backyard deck - perfect for summer BBQs and relaxing evenings. Unit has 3 generously sized bedrooms on the top floor offering ample space for growing families, professionals, or investors alike. Basement offers an additional 3 piece bathroom and flexible living area with excellent potential for an in-law suite, home office, recreation room, or guest accommodations. This move-in ready home offers exceptional value in a family-friendly community. Steps to public transit, schools, Meadowvale Town Centre, parks, restaurants, and grocery stores. Nearby Meadowvale Go Station, places of worship and mere minutes to highways 401 & 403. Some pictures are virtually staged.

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agent
Angela Montano
(647) 283-2643
TypeCondo Townhouse
Style2-Storey
Approx. AgeNot available
Size1200-1399 sq. ft.
Maintenance Fees$752
LockerNone
BalconyOpen
ExposureNorth West
Parking TypeBuilt-In
Parking Spaces2
Parking FeaturesPrivate
Property Tax$3,650
mls© NumberW13219856
Listed BySUTTON GROUP REALTY SYSTEMS INC.
Common Elements Included
Parking Included
Water Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$3,659
Property tax
$304
Heat allowance
$150
Condo fees, half counted
$376
Housing costs
$4,489 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $142,960
25-yr amortization

Income needed

$138,000

gross annual household income

Payment at 4%
$3,008 / mo
Cash down
$142,960

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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