$560,000

For sale

#64 6780 Formentera Avenue, Mississauga (Meadowvale) - Single Family for Sale

#64 6780 Formentera Avenue, Mississauga (Meadowvale), Ontario, L5N2L1

3 beds2 baths2 parking1,300 ft²$753/mo condo feeListed 25 days ago

Overview

This 3-bedroom, 2-bathroom condo in Mississauga is for sale offering roughly 1,300 sq ft of space. Listed at $560,000, it is attractively priced about 10% below the $619,500 median asking price in Mississauga. It has been on the market 25 days, fresher than the Mississauga average of 47 days.

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Description

End Unit Townhome Located In One of Mississauga's Best Neighbourhoods. Perfect for Families Looking to Upsize! 3 Bedrooms, 2 Washrooms, And A Finished Basement with Rec Room with Walkout to Backyard. Spacious Main Floor W/Balcony Off Living Room Overlooking Park. Recessed Lighting. Large, Bright Rooms With Ample Closets. Entry To Garage From Inside. Minutes to Meadowvale Tc, Public Transit, and highways. Please note: Listing photos were taken approximately ten years ago and do not necessarily reflect the property's current condition. Buyers and cooperating agents should inspect the property in person to assess its current condition. (id:66096)

Property Details

MLS®: W13885448
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 2
Half Baths: 1
Parking: 2
Interior Size: 1,300 ft²
Storeys: 2
Basement: Finished, Full, Walk out
Heating: Baseboard heaters, Electric
Cooling: Window air conditioner
Garage: Garage
Fireplace: Yes
Condo Fee: $753/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata

Rooms

Main level

Living room: 4.48 x 3.84 meters
Dining room: 4.44 x 3.18 meters
Kitchen: 4.44 x 2.69 meters

Second level

Primary Bedroom: 4.05 x 3.08 meters
Bedroom 2: 3.06 x 3.06 meters
Bedroom 3: 3.08 x 3.11 meters

Basement

Recreational, Games room: 5.78 x 3.76 meters
Bedroom 4: 2.72 x 2.1 meters

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

Features

Flooring: Laminate
Exterior: Brick
Lot Features: Level lot, Wooded area, Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

25d

Mississauga (Meadowvale) listings, avg age

47d

Price / ft²

$431

List price

$560K

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 25 days, which is 22 days fresher than the city average of 47. Act while there is still low competition.

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Listed by MASTER'S TRUST REALTY INC. · ZHENYU GU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L5N)

This home lists at $560,000, about 4.6× the local median household income of $123,000.

Carrying it typically needs a household income of about $109,388 (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)

$560,000· $431/ft²

For sale

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Full Cost Breakdown

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Down Payment5.54% · $31,000

Min 5.54%50%

Mortgage payment$2,933/mo

↳ CMHC premium ($21,160 capitalized)

Property tax (est.)$297/mo

Condo fee$753/mo

Total monthly$3,983

Cash Needed to Close

Down payment (5.54%)$31,000

Land transfer tax$7,675

Est. closing costs$4,180

Total cash needed$42,855

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