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$625K · 3 bed Condo Townhouse · Meadowvale, Mississauga | MyPropertyScout

$624,900

Unit 81

16 DOM

3216d

Map

DOM 16

$624,900

DOM16days

Unit 81

6797 Formentera Avenue · Mississauga · Ontario L5N 2L6

MLS® W13442692 · Meadowvale · L5N 2L6

32TenantOccupied1200-1399 ft²Condo Townhouse1-car Attached16d$481/ft²$3,308 tax/yr

16 days on market

About this home

Welcome to 6797 Formentera Ave, unit 81. This beautifully renovated, freshly painted, well-maintained 3-bedroom, 2-bath, 2-storey corner unit townhome will surely impress you! It offers modern updates and a family-friendly layout. The kitchen features new, upgraded cupboards, Quartz countertops, a sleek backsplash, ample cabinetry, and a pantry, creating an inviting space for cooking and entertainment with newer S/S appliances. The updated bathrooms with Quartz countertops and lighting add a fre…

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Property details

MLS#: W13442692
Status: Buy Now
Beds: 3
Baths: 2 full, 0 half
Size: 1200-1399
Style: 2-Storey
Type: Condo Townhouse
Year built: —

Property features: Hospital, Park, Place Of Worship, Public Transit, Rec./Commun.Centre, School

Condo corp #: 148
Balcony: None
Locker: Exclusive
Fees include: Water Included, Cable TV Included, Common Elements Included, Building Insurance Included
Pets: Yes-with Restrictions

Garage: 1-car Attached
Garage spaces: 1
Parking: 2 total
Heating: Baseboard
Heating fuel: Electric
Cooling: None
Fireplaces: —
Waterfront: No
Exterior: Brick
Fronting on: —
Cross street: Aquitaine / Winston Churchill
Basement: None
Stories: 1
Utilities: —
Laundry: Laundry Room
Interior: Carpet Free
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: HOMELIFE/MIRACLE REALTY LTD

Source: TRREB/PROPTX · MLS® W13442692

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$625K

Unit 81 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $624,900✓ $3,308 tax✓ Electric✓ 1200-1399 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,342/mo

incl. closing costs (yr 1)

Annual total

$64,105

year 1

Mortgage only

$2,371/mo

principal + interest

Beyond mortgage

$1,765/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$124,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$276/mo

Utilities

Hydro / electricity$75/mo

≈ $0.13/ft² × ~1,300 ft² · incl. electric heat

Heat$0/mo

Electric heat — no gas service · see hydro

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$6,249/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$55/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,973

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)44% $28,448/yr

Property taxes19% $12,281/yr

Utilities4% $2,460/yr

Insurance & security2% $1,600/yr

Maintenance10% $6,249/yr

Condo fees12% $7,966/yr

Closing costs8% $5,100/yr

Mortgage is 44% of your true cost of ownership. The other 56% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$28,448	$2,371/mo
Government & taxes
Property tax	$3,308	$276/mo
Land transfer tax(closing)	$8,973	$748/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$6,249	$521/mo
Condo fees
Condo / HOA fees	$7,966	$664/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$64,105	$5,342/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Unit 81

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs