$737,000 - 5536 Montevideo Road Unit 51, Mississauga
Condo for Sale in Mississauga
31 days on market- MLS Number
- W13125692
- Property Type
- Condo
- Status
- active
- Days on Site
- 31
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- Ensuite
- Exposure
- North South
- Balcony
- None
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Welcome to the heart of Meadowvale, a beloved family friendly community popular amongst outdoor enthusiasts. Thoughtfully & meticulously upgraded from top to bottom. Show your fussiest buyers 10++. Shows true pride of home ownership by the "original" owner. This timeless 3 bedroom2 bathroom home offers the perfect blend of luxury, style, comfort and functionality - perfect for todays modern family. Inside, you'll find an extensive list of upgrades (full list attached). Some of the highlights include durable wide-plank flooring and baseboards (2023 &2024), Extended/Custom Kitchen Cabinetry (2023) with soft close doors, build in pantry & spice rack, lazy-susan for easy access storage, built-in waste/recycling, adjustable shelving, an assortment of under-cabinet and dimmable lighting options. Stainless Steel Fridge, SS DW, SS Gas Stove, SS Rangehood. All windows have been upgraded out-of-pocket by the owner ahead of the maintenance schedule within the community. New Interior Doors & Hardware Throughout, New Casement Around all Windows & Doors, Custom Window Coverings Throughout, Upgraded Lighting, Freshly Painted in Neutrals, New Bathrooms (2023 & 2024). The finished basement expands your living space with the comfort of a fireplace, wet-bar, Bose surround sound system, new carpet (2026), new ceiling and lighting (2026). Tiled front porch, upgraded storm door, new exterior light, mailbox and house number. Your professionally landscaped backyard patio and gardens offer a welcoming outdoor retreat for relaxing or entertaining. Ideally located close to parks, trails, outdoor baseball diamond, tennis courts, Lake Aquitaine, Lake Wabukayne, schools, shopping, Meadowvale Town Centre, transit, Meadowvale Community Centre, Meadowvale Ice Rinks, 401/410/407. Sorry - No Open Houses. Book your private showing today.
Estimate your monthly payments for this property
Estimated Payment
$3,781.19/mo
Includes CMHC insurance ($20,562)
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 Mississauga
Mississauga 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 Mississauga
- •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
Mississauga 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.
5536 Montevideo Road Unit 51, 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 $614/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 31 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.
Investment Perspective
Looking at this as an investment: Mississauga properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,071 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.