6240 Montevideo Road Unit #20, Mississauga

Price: $599,900

4 bedrooms, 2 bathrooms

1,200 sqft

Property Type: Condo

MLS#: W12890526

Welcome To This Gorgeous Move-In Ready And Affordable Townhouse In The Heart Of Meadowvale, Offering Comfort, Style, And Exceptional Convenience. Freshly Painted And Featuring Hardwood Flooring Throughout, This Well-Maintained Home Offers 3 Spacious Bedrooms And An Open-Concept Living And Dining Area With Direct Access To The Backyard-Perfect For Entertaining Or Relaxing With Family.The Kitchen Boasts A Stylish Backsplash And A Large Breakfast Area Ideal For Everyday Meals. The Finished Basement Adds Valuable Living Space With An Additional Bedroom, Perfect For A Recreation Room, Home Office, Or Guest Suite.The Primary Bedroom Features A 4-Piece Semi-Ensuite And A Walkout To A Private Balcony, Creating A Peaceful Retreat. Enjoy Direct Access To Scenic Trails And Parks Right From Your Backyard. Furnance New (2023) New Deck 2020, Renovated Washrooms, Fridge, Microwave (2018) New Stove (2026). Ideally Located Steps From Highways 401 And 407, Meadowvale Town Centre, Meadowvale GO Station, Schools, Parks, And Recreation Facilities.

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$599,900 - 6240 Montevideo Road Unit #20, Mississauga

Condo for Sale in Mississauga

4Beds
2Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W12890526
Property Type
Condo
Status
active
Days on Site
19
Bedrooms
4
Bathrooms
2
Square Feet
1,200 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
East
Balcony
Open
Listing Brokerage
ROYAL LEPAGE SIGNATURE REALTY
Description

Welcome To This Gorgeous Move-In Ready And Affordable Townhouse In The Heart Of Meadowvale, Offering Comfort, Style, And Exceptional Convenience. Freshly Painted And Featuring Hardwood Flooring Throughout, This Well-Maintained Home Offers 3 Spacious Bedrooms And An Open-Concept Living And Dining Area With Direct Access To The Backyard-Perfect For Entertaining Or Relaxing With Family.The Kitchen Boasts A Stylish Backsplash And A Large Breakfast Area Ideal For Everyday Meals. The Finished Basement Adds Valuable Living Space With An Additional Bedroom, Perfect For A Recreation Room, Home Office, Or Guest Suite.The Primary Bedroom Features A 4-Piece Semi-Ensuite And A Walkout To A Private Balcony, Creating A Peaceful Retreat. Enjoy Direct Access To Scenic Trails And Parks Right From Your Backyard. Furnance New (2023) New Deck 2020, Renovated Washrooms, Fridge, Microwave (2018) New Stove (2026). Ideally Located Steps From Highways 401 And 407, Meadowvale Town Centre, Meadowvale GO Station, Schools, Parks, And Recreation Facilities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,077.80/mo

Includes CMHC insurance ($16,737)

$
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5-yr fixed avg.

Principal: $539,910Interest: $366,692
Mortgage Amount$556,647
Total Interest$366,692
Est. Property Tax$425/mo
Total Cost$923,339

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: Mississauga

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

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

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.

70
Walk Score
Varies
Price Range

6240 Montevideo Road Unit #20, Mississauga

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,320/mo
Range: $2,822 - $3,818
Cap Rate (ROI)
4.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,320
Maintenance Fees-$780
Property Tax (est.)-$425
Insurance (est.)-$125
Net Cash Flow+$1,990

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, RE/MAX Realty Specialists

Joe's Thoughts

Honest perspective from 25+ years of GTA real estate experience

Competitive Pricing

At $500/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 19 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.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Mississauga. Good resale value as demand remains consistent.

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 $2,500 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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