$555,000

For sale

#28 6777 Formentera Avenue, Mississauga (Meadowvale) - Single Family for Sale

#28 6777 Formentera Avenue, Mississauga (Meadowvale), Ontario, L5N2M3

3 beds1 bath2 parking1,100 ft²$556/mo condo feeListed 28 days ago

Overview

This 3-bedroom, 1-bathroom condo in Mississauga is for sale offering roughly 1,100 sq ft of space. Listed at $555,000, it is attractively priced about 7% below the $599,999 median asking price in Mississauga. It has been on the market 28 days, fresher than the Mississauga average of 46 days.

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Description

Updated 2026: new kitchen, updated bathroom, freshly painted. Low maintenance fee includes Rogers VIP cable, internet, water and parking. 3- bedroom upper unit in Meadowvale's Formentera community Updated in 2026 with a kitchen makeover, refreshed bathroom and fresh paint throughout. Combined living/dining walks out to a private open balcony. Three genuine bedrooms, primary and second both with walk-in closets plus a 4-piece bath semi ensuite and ensuite laundry. Two parking spaces (attached garage plus private drive), a real rarity at this price. The low monthly fee covers Rogers VIP cable, high-speed internet, water, parking and common elements, keeping carrying costs low and predictable. Walk to Meadowvale Town Centre (grocery, pharmacy, Canadian Tire, dining), Lake Aquitaine parks and trails, and the Meadowvale Community Centre with indoor pool, gym and library. Steps to MiWay transit and Meadowvale GO (express to Union and York U); fast access to Hwy 401, 403 and 407. Suited to growing families, first-time buyers and investors. (id:66096)

Property Details

MLS®: W13882216
Property Type: Single Family
Zoning: RM7D4
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 1
Parking: 2
Interior Size: 1,100 ft²
Basement: None
Heating: Baseboard heaters, Electric
Cooling: None
Garage: Attached Garage, Garage
Condo Fee: $556/mo
Fee Includes: Common Area Maintenance, Cable TV, Water, Parking
Ownership: Condo/Strata
Property Tax: $3,035.24/yr
Listed: 28 days ago

Rooms

Main level

Dining room: 3.2 x 2.93 meters
Living room: 6.13 x 3.64 meters
Kitchen: 3.05 x 2.86 meters
Primary Bedroom: 3.96 x 3.35 meters
Bedroom 2: 3.72 x 2.6 meters
Bedroom 3: 3.65 x 3 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: Washer, Refrigerator, Dishwasher, Stove, Dryer
Flooring: Tile, Parquet
Exterior: Brick, Aluminum siding
Lot Features: Balcony, Carpet Free

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

28d

Mississauga (Meadowvale) listings, avg age

46d

Price / ft²

$505

List price

$555K

Homes here sell faster than most markets

Sold homes in this market spent an average of 34 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 3-bed single family in Mississauga (Meadowvale) has been listed for 28 days, which is 18 days fresher than the city average of 46. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · MARNIE ELIZABETH PEDERSEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5N)

This home lists at $555,000, about 4.5× the local median household income of $123,000.

Carrying it typically needs a household income of about $108,411 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $123,000
Population: 83,700
Median age: 40.4
Owner / renter: 83% / 17%
Avg. household size: 3.1

Source: Statistics Canada, 2021 Census (FSA L5N)

$555,000· $505/ft²

For sale

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Full Cost Breakdown

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Down Payment5.50% · $30,500

Min 5.50%50%

Mortgage payment$2,908/mo

↳ CMHC premium ($20,980 capitalized)

Property tax (est.)$253/mo

Condo fee$556/mo

Total monthly$3,717

Cash Needed to Close

Down payment (5.50%)$30,500

Land transfer tax$7,575

Est. closing costs$4,165

Total cash needed$42,240

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