75-6797 Formentera Ave
Meadowvale, Mississauga, Ontario L5N 2L6
- Bedrooms
- 2
- Bathrooms
- 1
- Size
- 900–999sq ft
- Per sq ft
- $526at the range’s middle
- Tax a year
- $2,9702026 tax year
- Built
- 31-50
- Parking
- 21 attached
- Days on market
- Members
The brief
About 75-6797 Formentera Ave
75-6797 Formentera Ave is a 2-bedroom, 1-bathroom condo townhouse in Meadowvale, Mississauga, listed for sale at an asking price of $499,000 (MLS® W14086978).
Check out Virtual Tour! Absolutely beautiful ground level townhome perfect for first time buyers or downsizing. Cute and cozy, this lovely home has been extensively renovated to reflect modern living with open concept floor plan layout. Brand new modern kitchen with lots of cabinet & counter space, quartz counter tops and backsplash, pot lights, high cabinets, large lazy suzy, spice rack and double garbage dispenser. Not to mention a huge centre island with breakfast bar and pot drawers. This amazing home features new laminate floors and high baseboards, new bathroom, new laundry room, new doors, smooth ceilings, and has been freshly painted in a Benjamin Moore warm tone. Enjoy summer bbqs and relaxation and entertain in the lovely private fenced garden with beautiful perennials and sunny exposure. Good sized bedrooms with plenty of closet space and big windows providing natural light. Convenient laundry ensuite with brand new front load washer and dryer and a handy laundry sink. Garage provides interior access to the unit and private storage space for those extra items. Newer windows, new garage door (Nov '26). Convenient location, walking distance to Meadowvale Town Center/public transit/Metro grocery store/LCBO/Shoppers Drug Mart/banks/restaurants, etc.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Shortfall25/100−$1,073/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 7 homes with 2 bedrooms for lease in Meadowvale right now. Cost of owning counts the mortgage, property tax and the condo fee.
Condition uses listing-record signals, not an inspection.
The home
Key facts
- Tax
- $2,970 / 2026
- MLS® number
- W14086978
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 31-50
- Days on market
- Size
- 900-999 sqft
- Listed on
- Parking
- 1 Attached, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Stacked Townhouse
- Community
- Meadowvale
- Municipality
- Mississauga
Building
- Size
- 900-999 sqft
- Building Age
- 31-50
- Construction
- Alum Siding
Inside
- Bedrooms
- 2
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Ground
- Basement Type
- None
- Kitchens
- 1
Parking
- Garage Type
- Attached
- Garage
- 1
- Additional Parking
- 1
- Total Parking
- 2
Utilities
- Cooling
- None
- Heating Type
- Baseboard
Additional
- Fireplace
- No
- Den
- No
- Family room
- No
- Extras
- Brand new Stainless Steel french door fridge, stove, dishwasher and microwave exhaust. Brand new front load washer and dryer. All electrical light fixtures. Room measurements/square footage is approximate only and to be verified by purchaser or their agent.
- Condo maint.
- $499
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Living | 3.51 × 5.64 m | W/O To Garden, Laminate, Pot Lights | Ground |
| Dining | 2.99 × 3.05 m | O/Looks Backyard, Laminate, Ceiling Fan | Ground |
| Kitchen | 2.8 × 3.05 m | Centre Island, Quartz Counter, Pot Lights | Ground |
| Primary | 3.51 × 4.18 m | W/I Closet, Laminate, Large Window | Ground |
| Br | 2.83 × 3.05 m | Mirrored Closet, Laminate, Large Window | Ground |
Listing history
Buy/sell history for 75-6797 Formentera Ave, Mississauga, Ontario
Sale history on this site covers the last 2 years, the window permitted under the TRREB MLS® VOW agreement.
| Date Start | Date End | List Price | Price | Event | Listing ID |
|---|---|---|---|---|---|
| Date StartN/A | N/A | $499,000 | N/A | For Sale | W14086978 |
Members see the full history. Prices are hidden from signed-out visitors.
The numbers
Mortgage Calculator
Plan with the current asking price
CMHC insurance: not required at 20% down. Payments use Canadian semi-annual compounding.
Mortgage Details
4.8% · 5-year term · 25-year amortization · 20% down
- Total down payment
- $99,800
- Total mortgage amount
- $399,200
- Total interest payment
- $283,900
- Total purchase cost
- $782,900
- Mortgage payment
- $2,277/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
58%Monthly carrying cost
$3,023- Rent $1,950
- Shortfall $1,073
Rental income opens at $1,950, the median asking rent of 7 comparable homes for lease in Meadowvale. Type over it with the rent you expect. This is a planning tool, not advice.
Land transfer tax on this home
- Ontario land transfer tax
- $6,455
- Total land transfer tax
- $6,455
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $2,455
See how this is worked out
- 0.5% on the first $55,000
- $275
- 1.0% from $55,000 to $250,000
- $1,950
- 1.5% from $250,000 to $400,000
- $2,250
- 2.0% from $400,000 to $499,000
- $1,980
- Ontario total
- $6,455
An estimate at the asking price, for a home with one or two single-family residences. Your lawyer confirms the exact amount.
Estimate
Estimated value requires sign in
Market estimates use sold comparables and are available after you sign in and accept MLS® VOW terms.
The estimate is an automated value built from public and MLS® data. It is not an appraisal; ask Kassaundra Dobson, Broker of Record for a full comparative market analysis.
Comparable sales
Comparable sales require sign in
Closing prices and sold comps are available to registered visitors who accept MLS® VOW terms on this site.
The land
Land and environment
Public records about this location. Not part of the MLS® listing and not provided by the listing brokerage.
Water and conservation3
- Not in Credit Valley Conservation’s mapped regulated areaAt the address
- No mapped wetland within 120 m120 m
- No water-supply well recorded within 250 m250 m
Credit Valley Conservation · Province of Ontario open data
Planning and building activity1
- Outside the Greenbelt, Oak Ridges Moraine and Niagara Escarpment plan areasAt the address
Province of Ontario open data
Around the home1
- A trail on the Ontario trail network within 1 km1 km
Province of Ontario open data
Environmental records4
- No licensed pit or quarry within 2 km2 km
- No recorded oil, gas or salt well within 250 m250 m
- No facility within 1 km reports pollutant releases to Environment CanadaThe nearest is Cyclone Manufacturing Inc., 2.3 km away. Only facilities above the inventory’s reporting thresholds are listed.1 km
- No federal contaminated site within 1 kmThe federal inventory covers federal land only; it says nothing about provincial or private sites.1 km
Province of Ontario open data · Government of Canada open data
Power and internet3
- Electricity is distributed here by Alectra Utilities CorporationAt the address
- Wired internet 50/10 Mbps or faster is listed at a household 110 m awayFixed wireless 50/10 Mbps or faster. LTE mobile coverage listed. ISED’s National Broadband Data at the nearest household point (110 m from the listing); 50/10 Mbps is its top category and includes faster plans. Confirm with a provider for this address.110 m
- Across the surrounding area: fibre to the home, cable, DSL internet listedFibre to the home: Bell. Cable: Rogers. DSL: Bell. Fixed wireless: Bell, Rogers, Routcom, SkyChoice Communications, Standard Broadband. Mobile: Bell, Freedom Mobile, Rogers, Telus. Satellite: Xplore. ISED’s list for the surrounding ~25 km² area; check with a provider for this address.Area-wide
Ontario Energy Board · Innovation, Science and Economic Development Canada
Each record is placed at the distance its own line states. None of it is an inspection of the property. Confirm anything that matters to you with the municipality, Credit Valley Conservationor the record’s publisher.
Contains information licensed under the Open Government Licence – Canada. Contains information licensed under the Open Government Licence – Ontario. Contains information made available under Credit Valley Conservation Open Data Licence v1.0.
The market
Condos for sale in Meadowvale right now
- For sale now
- 29
- Median asking price
- $630K
- New in 7 days
- 3
- Price cuts
- 28%
Middle half: $600K to $690K
13 in 28 days
8 listings
This home is asking 21% below the median, lower than three quarters of them.
See all homes in MeadowvaleAsking prices and counts of the MLS® listings on this site as of today. Asking figures only, never sold or leased prices.
Market area · filters apply to the charts below
The street
Transit nearby
| Station | Lines | Distance |
|---|---|---|
| Meadowvale GO | GO Transit train: Milton | 1.4 km |
| Lisgar GO | GO Transit train: MiltonBrampton Transit bus rapid transit: Züm Steeles | 2.2 km |
| Argentia / Steeles | Brampton Transit bus rapid transit: Züm Steeles | 2.2 km |
| Winston Churchill / Steeles | Brampton Transit bus rapid transit: Züm Steeles | 3.7 km |
| Heritage / Steeles | Brampton Transit bus rapid transit: Züm Steeles | 4 km |
The nearest subway, light rail, train, bus rapid transit stations 5 km, as the crow flies. Source: GO Transit schedule data (GTFS) from Metrolinx under the Open Government Licence – Ontario – Metrolinx; Brampton Transit schedule data (GTFS) from the City of Brampton under the Creative Commons Attribution 4.0 licence (CC BY 4.0), downloaded October 18, 2026. Data used in this product or service is provided with the permission of Metrolinx. Metrolinx makes no representations or warranties of any kind, express or implied, with respect to the Data and assumes no responsibility for the accuracy or currency of the data used in this product or service. Contains information licensed under the Open Government Licence – Ontario – Metrolinx. Brampton Transit data © City of Brampton; Valery selected the Züm stations from it and grouped their stops.
Schools nearby
| Elementary | Type | Distance | EQAO average 2024–25 |
|---|---|---|---|
| Shelter Bay Public SchoolPeel DSB | Public · grades JK–6 | 150 m | 72%Grade 6 average |
| Maple Wood Public SchoolPeel DSB | Public · grades JK–6 | 850 m | 38%Grade 3 average |
| St John of the Cross SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 900 m | 80%Grade 6 average |
| ÉÉC Ange-GabrielConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 3.9 km | 80%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Meadowvale Secondary SchoolPeel DSB | Public · grades 9–12 | 900 m | 52%Grade 9 math |
| West Credit Secondary SchoolPeel DSB | Public · grades 9–12 | 1.2 km | 21%Grade 9 math |
| Our Lady of Mount Carmel Secondary SchoolDufferin-Peel CDSB | Catholic · grades 9–12 | 1.5 km | 62%Grade 9 math |
| ÉSC Sainte-FamilleConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.4 km | 67%Grade 9 math |
EQAO: share of students at or above the provincial standard, 2024–25 (Ontario open data). These are the schools nearest this home, not the schools it is assigned to: boundaries change, and some schools take students by application. Confirm with the board before you buy. Contains information licensed under the Open Government Licence – Ontario.
The verdict
Similar Active Listings
Recently sold nearby
Sold prices in Meadowvale are shown to signed-in members.