28-6777 Formentera Ave
Meadowvale, Mississauga, Ontario L5N 2M3
- Bedrooms
- 3
- Bathrooms
- 1
- Size
- 1,000–1,199sq ft
- Per sq ft
- $505at the range’s middle
- Tax a year
- $3,0352026 tax year
- Built
- 31-50
- Parking
- 21 attached
- Days on market
- Members
The brief
About 28-6777 Formentera Ave
28-6777 Formentera Ave is a 3-bedroom, 1-bathroom condo townhouse in Meadowvale, Mississauga, listed for sale at an asking price of $555,000 (MLS® W13882216).
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.
Insights
Condition Score
Good76/1002 documented update signals
Source: Listing age, structured features and disclosed update language; not an inspection.
Cashflow Quality
Near break-even59/100−$42/mo against the cost of owning (20% down, 4.8%, 25 yrs)
Source: Median of 52 condos with 3 bedrooms for lease in Mississauga 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
- $3,035 / 2026
- MLS® number
- W13882216
- Board
- TRREB MLS®
- Property Type
- Condo Townhouse
- Building Age
- 31-50
- Days on market
- Size
- 1000-1199 sqft
- Listed on
- Parking
- 1 Attached, 2 Parking
Property details
Property
- Property Type
- Condo Townhouse
- Style
- Stacked Townhouse
- Community
- Meadowvale
- Municipality
- Mississauga
Building
- Size
- 1000-1199 sqft
- Building Age
- 31-50
- Construction
- Alum Siding
Inside
- Bedrooms
- 3
- Bathrooms
- 1
- Bathroom Details
- 1 × 4pc Main
- 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
- Dishwasher, Washer, Dryer, Stove, Fridge
- Condo maint.
- $556
Rooms
| Room | Size | Features | Level |
|---|---|---|---|
| Dining | 2.93 × 3.2 m | Combined W/Living, Window, Parquet Floor | Main |
| Living | 3.64 × 6.13 m | W/O To Balcony, Parquet Floor | Main |
| Kitchen | 2.86 × 3.05 m | Tile Floor, Pantry, Backsplash | Main |
| Primary | 3.35 × 3.96 m | W/I Closet, Ceiling Fan, Parquet Floor | Main |
| 2nd Br | 2.6 × 3.72 m | W/I Closet, Parquet Floor | Main |
| 3rd Br | 3.0 × 3.65 m | Closet, Parquet Floor | Main |
Listing history
Buy/sell history for 28-6777 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 | $555,000 | N/A | For Sale | W13882216 |
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
- $111,000
- Total mortgage amount
- $444,000
- Total interest payment
- $315,900
- Total purchase cost
- $870,900
- Mortgage payment
- $2,533/mo
Cash Flow Analysis
If you rented this home out at 20% down
Break-even down payment
21%Monthly carrying cost
$3,342- Rent $3,300
- Shortfall $42
Rental income opens at $3,300, the median asking rent of 52 comparable homes for lease in Mississauga. 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
- $7,575
- Total land transfer tax
- $7,575
- First-time buyer rebates (Ontario up to $4,000)
- −$4,000
- Total for first-time buyers
- $3,575
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 $555,000
- $3,100
- Ontario total
- $7,575
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 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 12% 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 | 1.5 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 | 2.3 km |
| Winston Churchill / Steeles | Brampton Transit bus rapid transit: Züm Steeles | 3.8 km |
| Heritage / Steeles | Brampton Transit bus rapid transit: Züm Steeles | 4.1 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 | 250 m | 72%Grade 6 average |
| St John of the Cross SchoolDufferin-Peel CDSB | Catholic · grades JK–8 | 850 m | 80%Grade 6 average |
| Plum Tree Park Public SchoolPeel DSB | Public · grades JK–6 · French Immersion | 900 m | 83%Grade 6 average |
| ÉÉC Ange-GabrielConseil scolaire catholique MonAvenir | French-language Catholic · grades JK–6 | 4 km | 80%Grade 6 average |
| Secondary | Type | Distance | Grade 9 math 2024–25 |
|---|---|---|---|
| Meadowvale Secondary SchoolPeel DSB | Public · grades 9–12 | 800 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 | 1.4 km | 62%Grade 9 math |
| ÉSC Sainte-FamilleConseil scolaire catholique MonAvenir | French-language Catholic · grades 9–12 | 3.5 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
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Sold prices in Meadowvale are shown to signed-in members.