6780 Formentera Avenue Unit 29, Mississauga

Price: $714,800

4 bedrooms, 3 bathrooms

1,200 sqft

Property Type: Condo

MLS#: W13219856

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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New Listing
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$714,800 - 6780 Formentera Avenue Unit 29, Mississauga

Condo for Sale in Mississauga

New — Listed 4 days ago
4Beds
3Baths
1,200Sq Ft
Condo
Property Details
MLS Number
W13219856
Property Type
Condo
Status
active
Days on Site
4
Bedrooms
4
Bathrooms
3
Square Feet
1,200 sqft
Neighbourhood
Mississauga
Locker
None
Exposure
North West
Balcony
Open
Listing Brokerage
SUTTON GROUP REALTY SYSTEMS INC.
Description

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.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,667.29/mo

Includes CMHC insurance ($19,943)

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5-yr fixed avg.

Principal: $643,320Interest: $436,925
Mortgage Amount$663,263
Total Interest$436,925
Est. Property Tax$506/mo
Total Cost$1,100,188

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

6780 Formentera Avenue Unit 29, 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)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,320
Maintenance Fees-$780
Property Tax (est.)-$506
Insurance (est.)-$149
Net Cash Flow+$1,885

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 $596/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Mississauga's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

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.

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    6780 Formentera Avenue Unit 29… — $714,800 | Battaglia Team