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6797 Formentera Avenue 83, Mississauga, ON L5N 2L6

2 beds · 1 bath · 1 kitchen · 6 rooms · 2 parking spaces · 900-999 sq ft · Locker · Laundry in unit · Condo Townhouse
$569,900

Utilities includedCable TV · Water

Also includedCommon Elements · Building Insurance · Parking

Maintenance fee
$487 / month
Property tax
$2,970 / year
Included in the fee
Cable TV, Common Elements, Building Insurance, Parking, Water

Welcome to 6797 Formentera Avenue, Unit 83, a beautifully upgraded 2-bedroom, 1-bathroomtownhome in the highly sought-after Meadowvale neighbourhood. This move-in-ready home featuresa bright open-concept layout, carpet-free flooring, ample storage, a spacious kitchen pantry,garage locker storage, and a private, fully enclosed backyard with no rear neighbours.Recent upgrades include fresh paint, laminate flooring, zebra blinds, quartz countertops,updated kitchen and bathroom finishes, modern light fixtures, newer appliances, and a split A/Cunit. Upcoming condominium improvements include a new garage door, sliding patio door, frontentry door, fencing, and refreshed common hallways.Maintenance fees include Rogers high-speed internet, cable TV, water, snow removal,landscaping, and exterior maintenance. Ideally located close to schools, parks, the Meadowvale Community Centre, shopping, dining, and public transit, this home offers exceptional comfort,convenience, and low-maintenance living in a family-friendly community

MLS number
W13495818
Type
Condo Townhouse
Status
Active
Bedrooms
2
Bathrooms
1
Postal code
L5N 2L6
Photos
36
Locker
Yes — Exclusive
Laundry
In the unit — In-Suite Laundry
Included in the fee
Cable TV, Common Elements, Building Insurance, Parking, Water
80days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Where this address sits, matched against open government data.

Matched to a published address point for this address.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Shelter Bay Public School
Peel DSB
Elementary113 m7.2 / 10
72% met the standard
Mississauga Christian AcademyElementary635 mNot reported
Maple Wood Public School
Peel DSB
Elementary814 m3.8 / 10
38% met the standard · 3 of 6 measures
Edenwood Middle School
Peel DSB
Elementary822 mNot reported
Meadowvale Secondary School
Peel DSB
Secondary930 m6.8 / 10
68% met the standard · 2 of 6 measures
St John of the Cross School
Dufferin-Peel CDSB
Elementary918 m8.0 / 10
80% met the standard
How the rating is calculated

EQAO — Ontario’s testing agency — publishes, for each school, the percentage of students meeting the provincial standard in Grade 3 and Grade 6 reading, writing and mathematics. The rating is the average of those percentages divided by ten. A school where 72% of students met the standard rates 7.2 out of 10.

Nothing is weighted or adjusted, and schools are not ranked against each other. Where EQAO withholds a result to protect the privacy of a small group of students, that measure is left out rather than counted as zero — so a rating built on fewer than six measures says so.

What it does not measure. It is one year of standardised testing in three subjects. It says nothing about teaching, programs, or whether a school suits a particular child, and it tracks neighbourhood household income closely enough that it partly measures the neighbourhood rather than the school. Treat it as one figure among many.

Source: Ontario Ministry of Education, School Information and Student Demographics (2024–25), Open Government Licence – Ontario.

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

The market around this home

Condo Townhouses in Meadowvale163 sales over the last five years.

Median sold priceWhat comparable homes actually sold for
$566k$672k$779k20252026this home’s asking price
$634klatest quarter · hover to read any
Sold vs askingAbove 100% means bidding wars were normal
97%99%100%20252026the asking price
99%latest quarter · hover to read any
Days to sellMedian days on market before the deal closed
-1d15d30d20252026
23dlatest quarter · hover to read any
How these are built, and what they cannot tell you

Each point is the median of the sales that closed in that quarter among condo townhouses in meadowvale. A quarter with fewer than eight is left out rather than drawn, and the line breaks where that happens — a median over three sales is really one home’s price, and joining across a gap would draw a number nobody measured.

This is not an estimate of what this home is worth. The segment is a property type in an area; it takes no account of this home’s size, condition, renovations, lot, exposure or how it compares to its neighbours, and half the homes in any quarter sold for more than the median and half for less. It is context for a conversation with an agent, not a valuation.

Toronto Regional Real Estate Board closed transactions. Deemed reliable but not guaranteed accurate by PropTx.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 650 people.

$75,500Median household income
67.7%Own their home
0%Detached houses
40.8Median age
45.5%Born outside Canada
25.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35210601 — the few blocks around this address, home to 650 people. It describes the area, not this property.

650Population
41.5Average age
2.1Household size
$76,500Average household income
$75,500Median household income
68%Own their home
32%Rent
79%Condominiums
46%Born outside Canada
26%University degree
$452,000Average home value
9%Low income
44%Not in the labour force
36%Never married
$15,000 to $19,9991%
$20,000 to $24,9994%
$25,000 to $29,9991%
$30,000 to $34,9993%
$35,000 to $39,9991%
$40,000 to $44,9993%
$45,000 to $49,9994%
$50,000 to $59,9998%
$60,000 to $69,9999%
$70,000 to $79,9999%
$80,000 to $89,9995%
$90,000 to $99,9996%
$100,000 and over23%
$100,000 to $124,99910%
$125,000 to $149,9996%
$150,000 to $199,9993%
$200,000 and over3%

Percentages are of the 385 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$113,980 · minimum here is $31,990
$2,523.39per month
Borrowed before insurance$455,920
Total borrowed$455,920
Interest over 25 years at 4.5%$301,098

If you rented it out

-$3,257.89per month out of pocket
Rent$0.00
Everything it costs to hold$3,257.89
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.. Listing data provided by the Toronto Regional Real Estate Board.