
Unit 53- 6780 Formentera Avenue, Mississauga
Meadowvale · Investor guide
$598,000
Estimated Value
$626,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX HALLMARK REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Based on Meadowvale neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Welcome to Unit 53 at 6780 Formentera, an extensively updated 3-bedroom, 2-bathroom townhome in the highly sought-after Meadowvale community. Beautifully renovated and meticulously maintained, this turnkey home offers the perfect blend of modern style, comfort, and functionality. The bright main level features a contemporary kitchen with premium, high-quality appliances, upgraded finishes, and a walkout to a private balcony-perfect for your morning coffee or relaxing evenings. The spacious dining area flows seamlessly into the inviting living room, which also offers a walkout, creating an ideal space for everyday living and entertaining. Upstairs, you'll find three generously sized bedrooms, a well-appointed 4-piece bathroom, and a convenient linen closet. The versatile ground-level family room provides additional living space ideal for a home office, recreation room, gym, or guest suite, complete with a powder room and separate laundry. Lovingly maintained as a smoke-free and pet-free residence, this home is exceptionally clean and truly move-in ready. Recent upgrades include premium energy-efficient windows (2026), new exterior siding and gutters (2026), and a new high-efficiency air conditioning system. The home is also equipped with a high-efficiency tankless water heater, providing energy savings and endless hot water. Ideally located just minutes from Meadowvale Town Centre, restaurants, parks, scenic trails, Lake Aquitaine, Meadowvale Community Centre, schools, public transit, and major highways. Commuters will appreciate being only a short walk to the GO Bus station with direct service to downtown Toronto, plus a nearby MiWay bus stop for added convenience. This is a rare opportunity to own a beautifully updated home in one of Mississauga's most desirable family-friendly neighbourhoods.
MississaugaInvestor.ca
Unit 53- 6780 Formentera Avenue
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$598,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.11%
Monthly Cash Flow
-$1,205/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-11.04%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$2,753 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$753 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$1,205/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$5,023 |
| Insurance | −$2,700 |
| Condo Fee | −$9,036 |
| Annual NOI | $18,581 |
| Cap Rate | 3.11% |
Cash Required to Close
| Down Payment (20%) | $119,600 |
| Ontario Land Transfer Tax | $8,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,035 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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