$649,900 - 6777 Formentera Avenue Unit 37, Mississauga
Condo for Sale in Mississauga
- MLS Number
- W12992672
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Mississauga
- Locker
- Exclusive
- Exposure
- East
- Balcony
- None
- Listing Brokerage
- SHAHID KHAWAJA REAL ESTATE INC.
**View Virtual Tour** Prime Meadowvale Location! This well-maintained main floor unit with 2 storey, 3 bed, 2 bath condo townhouse offers a functional layout & a comfortable living space. Ideally situated just steps from Lake Aquitaine Park, Meadowvale Town Centre & scenic walking trails. Enjoy easy access to schools, transit & local amenities, making this an ideal setting for growing families, first-time buyers, and investors alike. The spacious main level includes open concept living and dining rooms with walkout access to a fully fenced backyard with stone interlocking, perfect for outdoor relaxation or entertaining. An eat-in kitchen complete with plenty of cabinetry, a full set of appliances, and a spacious separate pantry for storage complete with vinyl flooring, for easy maintenance. Main floor powder room for added convenience. On the second floor, there are three generously sized bedrooms each with their own closet space. The primary bedroom has an upgraded walk-in closet. Two additional sunlit bedrooms each with their own closet space. A full four piece bathroom located on the second floor for added comfort and convenience. There is a spacious laundry room located on the second floor that can be used as a utility room. This unit includes one garage parking and a driveway parking spot with no sidewalk. Commuters will appreciate quick access to major highways including Highway 401, Highway 403, and Highway 407, along with nearby Meadowvale GO Station and public transit options-making travel across the GTA seamless. Where lifestyle meets location, an ideal place to call home!
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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.
6777 Formentera Avenue Unit 37, 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 $542/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 16 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 $2,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.