15- 6780 Formentera Avenue, Mississauga
Meadowvale · Investor guide
$679,999
Estimated Value
$696,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,700/mo
Based on Meadowvale neighbourhood rental data for 4-bed Condo Townhouse
Remarks
Welcome to this beautifully renovated 3+1 bedroom townhouse offering thousands in quality upgrades and move-in ready living. This spacious home features a functional layout, bright living spaces, modern finishes, and a fully finished basement with an additional bedroom and washroom-ideal for growing families, guests, or a home office. Located in a highly desirable central neighbourhood, you'll enjoy easy access to public transit, the GO Train, major highways, shopping centres, schools, parks, and recreation facilities. UPGRADES & RENOVATIONS: Extensive updates include a tankless water heater and LG washer/dryer (2021); New HVAC system, fully renovated kitchen with new flooring, refrigerator, stove, microwave, dishwasher, custom blinds, fresh paint throughout, and fully finished basement with an additional Bedroom AND Washroom (2023); New garage door (2024); and a completely renovated3rd-floor bathroom along with New Windows and Sliding patio door (2026). This meticulously maintained turnkey home offers exceptional value, modern comfort, and a prime location. A fantastic opportunity for first-time buyers, growing families, or investors. Simply move in and enjoy!
MississaugaInvestor.ca
15- 6780 Formentera Avenue
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$679,999
Cash-Flow Report · July 31, 2026
Cap Rate
3.64%
Monthly Cash Flow
-$1,067/mo
Estimated Rent
$3,700/mo
Cash-on-Cash
-8.59%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,700 |
| Mortgage | −$3,130 |
| Property Tax | −$476 |
| Insurance | −$225 |
| Condo Fee | −$751 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$1,067/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,400 |
| Vacancy (5%) | −$2,220 |
| Property Tax | −$5,712 |
| Insurance | −$2,700 |
| Condo Fee | −$9,012 |
| Annual NOI | $24,756 |
| Cap Rate | 3.64% |
Cash Required to Close
| Down Payment (20%) | $135,999.8 |
| Ontario Land Transfer Tax | $10,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $149,074.8 |
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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